On January 10, 2014, Sherritt International Corporation announced that it has selected May 6, 2014 as the date for its annual and special meeting of shareholders. The Company continued that the record date for determining shareholders entitled to vote at the meeting has been set as March 18, 2014. Further, the Company stated that Clarke Inc's requisition contains an inconsistency in that it requires the removal of four directors and the election of three, which would result in a total Board of 8, not 7 as contemplated by the 2nd item of business in the requisition.

In addition, the Company stated that any reduction in the number of directors below 9 would require the passage of a special resolution of shareholders, being a resolution supported by at least two-thirds of the votes cast by the shareholders.