|Bid||3.55 x 1000|
|Ask||3.60 x 1300|
|Day's Range||3.50 - 3.63|
|52 Week Range||3.20 - 6.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 10, 2018 - Apr 16, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.56|
DAVIDsTEA Inc. (DTEA) announces that at its annual meeting held today in Montreal, shareholders elected a Board of Directors comprised of the seven persons nominated by Rainy Day Investments Ltd. as well as Joel Silver. The seven new directors are Herschel Segal, M. William Cleman, Pat De Marco, CPA, CA, Emilia Di Raddo, CPA, CA, Max Ludwig Fischer, Ph.D., Peter Robinson and Roland Walton. Immediately following the annual meeting, the Board of Directors appointed Herschel Segal as Executive Chairman and interim Chief Executive Officer of DAVIDsTEA and M. William Cleman as “lead director” of the Board of Directors. The Board also re-appointed Howard Tafler as Chief Financial Officer of DAVIDsTEA.
DAVIDsTEA Inc. (DTEA) today expressed its appreciation for the support it has received from shareholders and customers in advance of the company’s upcoming Annual General Meeting. DAVIDsTEA will host its Annual General Meeting at 9:30 a.m. ET on Thursday, June 14, 2018 in Montreal, QC. Joel Silver, President and Chief Executive Officer, DAVIDsTEA, said, “We are grateful for the votes on management’s yellow proxy and urge shareholders to vote today if they have not already voted on the yellow proxy. We are down to the wire and any shareholders who need help voting should contact Laurel Hill at 1-877-452-7184.
MONTREAL, June 11, 2018-- DAVIDsTEA Inc. today announced financial results for the three months ended May 5, 2018.. DAVIDsTEA President and Chief Executive Officer, Joel Silver, said,“ In the first quarter ...
Rainy Day Investments Ltd. (“RDI”), which has proposed a slate of seven highly-qualified Canadian nominees for election as directors of DAVIDsTEA Inc. (“DAVIDsTEA”) (DTEA) at the annual meeting to be held on June 14, categorically rejects and will vigorously contest a baseless, frivolous motion it has received from three limited partnerships managed by Porchlight Equity Management, LLC of Wellesley, Massachusetts. The motion seeks a declaratory judgment from the Québec Superior Court, Civil Division, to the effect that an agreement entered into by RDI and the Porchlight limited partnerships in August 2013, while DAVIDsTEA was a private company, is still in effect and binds RDI and its President Herschel Segal with respect to the composition of the Board of Directors of DAVIDsTEA. Among other things, the August 2013 agreement was expressly cancelled more than a year before DAVIDsTEA’s initial public offering in 2015. The motion does not name DAVIDsTEA as a defendant.
For supporting a Board slate that will effect positive change and focus on a turnaround of Canadian operations, where DAVIDsTEA has a strong base and brand recognition For putting DAVIDsTEA back under ...
DAVIDsTEA Inc. (DTEA) today reminded its shareholders to vote their shares for the election of directors at the company’s upcoming Annual General Meeting before the voting cut off on Tuesday, June 12, 2018 at 5:00 p.m. ET. DAVIDsTEA will host its Annual General Meeting at 9:30 a.m. ET on June 14, 2018 in Montreal, QC. DAVIDsTEA’s other significant shareholders support the management director nominees. For example, on June 7, TDM Asset Management sent a letter to the dissident director nominees expressing frustration with Mr. Segal’s behavior while he was a member of the board. You can read a copy of the full letter here.
TDM Asset Management (TDM), which holds 12.2% of DAVIDsTEA Inc. (DTEA), today sent the following letter to each of the dissident director nominees standing for election at the DAVIDsTEA Annual General Meeting on June 14, 2018 in Montreal, QC. As you are aware, TDM Asset Management ("TDM"), holds a 12.2% interest in DavidsTea ("DavidsTea"). TDM has a long and successful track record, delivering our investors returns of more than 25% per annum for more than 12 years.
This past Monday, June 4, at 8 a.m., Rainy Day Investments Ltd. (“RDI”) issued a press release demanding that DAVIDsTEA Inc. (“DAVIDsTEA”) (DTEA) immediately release its financial statements for the quarter ended May 5, 2018, so that shareholders could consider the financial results before the June 12 proxy-voting deadline for the annual meeting to be held on June 14. This morning, two days later, DAVIDsTEA issued a press release announcing that its Q1 results will be released after the markets close next Monday, June 11.
MONTREAL, June 06, 2018-- DAVIDsTEA Inc. today announced that its financial results for the first quarter of fiscal 2018 will be released after market close on Monday, June 11, 2018. The Company will host ...
Rainy Day Investments Ltd. (“RDI”) demands that DAVIDsTEA Inc. (“DAVIDsTEA”) (DTEA) release its first quarter financial statements to ensure that shareholders can consider the financial results before voting their proxies by the June 12 deadline for the annual meeting to be held on June 14, 2018. “It’s critical that DAVIDsTEA shareholders see the results for the first quarter now,” said Herschel Segal, co-founder of DAVIDsTEA and President of RDI, which holds approximately 46.4% of the outstanding shares of DAVIDsTEA and which has proposed a slate of seven highly-qualified Canadian nominees for election as directors at the annual meeting. “DAVIDsTEA has made numerous claims about ‘executing on its plan’ and that it is ‘already seeing positive momentum’. We certainly didn’t see any ‘positive momentum’ in the results for the last fiscal year. Let’s see if they managed to produce ‘positive momentum’ in the first quarter this year,” added Mr. Segal.
DAVIDsTEA Inc. (DTEA) announced today that Institutional Shareholder Services Inc. (ISS), a leading independent proxy and governance advisory firm, recommends that DAVIDsTEA shareholders vote “FOR” all of the management director nominees prior to the company’s June 14, 2018 Annual General Meeting. On June 1, DAVIDsTEA announced that Glass Lewis & Co. also recommends that shareholders vote FOR the management director nominees.
DAVIDsTEA Inc. (DTEA) announced today that Glass, Lewis & Co. (Glass Lewis), a leading independent proxy and governance advisory firm, recommends that DAVIDsTEA shareholders vote “FOR” the management director nominees using the YELLOW Proxy or Voting Information Form prior to the company’s June 14, 2018 Annual General Meeting. In making its recommendation to vote FOR management’s director nominees, Glass Lewis carefully reviewed the facts and arguments made by both sides.
Rainy Day Investments Ltd. (“RDI”) urges shareholders of DAVIDsTEA Inc. (“DAVIDsTEA”) (DTEA) to vote for RDI’s slate of seven highly-qualified nominees as directors at the annual meeting to be held in Montreal on June 14, 2018. “It’s time to put DAVIDsTEA back on track. They want to sell it, we want to fix it,” said Herschel Segal, co-founder of DAVIDsTEA and President of RDI, which holds approximately 46.4% of the outstanding shares of DAVIDsTEA.
DAVIDsTEA Inc. (DTEA) today reminded the company’s shareholders of the importance of voting ahead of the upcoming Annual General Meeting. The Board of Directors of DAVIDsTEA recommends that shareholders, no matter how many shares they own, vote their YELLOW Proxy or Voting Instruction Form today to protect the value of their investment and prevent dissident shareholder Herschel Segal, through his holding company Rainy Day Investments Ltd. (RDI), from taking control of the company.
Rainy Day Investments Ltd. (“RDI”) has proposed a slate of seven nominees for election as directors of DAVIDsTEA Inc. (“DAVIDsTEA”) (DTEA) at the annual meeting to be held in Montreal on June 14, 2018. RDI’s slate is comprised of highly-qualified individuals with extensive experience running Canadian retail businesses. The RDI slate is unified in its conviction that a financial turnaround of DAVIDsTEA can be achieved, and is representative of the interests of individual shareholders who believe in the future of DAVIDsTEA. This is in stark contrast to the slate of nominees proposed by DAVIDsTEA management and current Board of Directors.
DAVIDsTEA shareholders urged to vote the YELLOW Proxy in favour of the DAVIDsTEA nominees. MONTREAL, May 22, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of DAVIDsTEA Inc. (DTEA) today highlighted the following facts regarding the company’s strategy and vision for the future in response to recent claims presented by Rainy Day Investments Ltd. (RDI) and dissident shareholder Herschel Segal. At the company’s annual meeting on June 14, 2018, DAVIDsTEA shareholders are faced with a critical vote, one that will determine the future leadership and direction of the company.
Rainy Day Investments Ltd. (“RDI”), the holding company of Mr. Herschel Segal, a founder of DAVIDsTEA Inc. (DTEA) and a director until March 5, 2018, is pleased to announce the launch of www.saveDTEA.com, a website that outlines RDI’s plan for a financial turnaround of DAVIDsTEA through improved operations, to be led by RDI’s slate of seven nominees for election as directors of DAVIDsTEA at the annual meeting to be held in Montreal on June 14, 2018. The current Board is wasting valuable time, resources and shareholder money exploring strategic alternatives aiming to sell all or part of DAVIDsTEA at a time when its underlying value is depressed by deeply disturbing financial results. Urgent action is needed now to put DAVIDsTEA back on the path to growth and long-term success for the benefit of all shareholders,” Mr. Segal said.
MONTREAL, May 10, 2018-- DAVIDsTEA Inc. today commenced the mailing of its Management Proxy Circular ahead of the company’ s Annual General Meeting of Shareholders that will take place in Montréal, Quebec ...
Stock Monitor: DAVIDsTEA Post Earnings Reporting LONDON, UK / ACCESSWIRE / April 27, 2018 / Active-Investors.com has just released a free earnings report on Lamb Weston Holdings, Inc. (NYSE: LW ) ("Lamb ...
DAVIDsTEA’s board and management are focused on the company’s future and are committed to creating value for all the company’s shareholders. Mr. Segal co-founded the company and has been on the board since our initial public offering until he resigned on March 5, 2018.
Shareholder Value Eroded. Herschel Segal, the principal shareholder of DavidsTea Inc. (DTEA) through his holding company Rainy Day Investments Ltd. (“RDI”), believes that poor operating decisions and unproductive leadership by the Board of Directors and management of DavidsTea have greatly eroded shareholder value. Operating losses continue each quarter, and for the most recent fiscal year, were approximately four times greater than in the previous year. Financial results continue to be deeply disturbing. The status quo is not an option. A Vision for DavidsTea. Herschel Segal believes in the future of DavidsTea. His vision for DavidsTea is to build on its strengths, including a well-known brand, a loyal customer base across Canada and passionate employees, while addressing weaknesses such as U.S. operations and excessive product and organizational costs. With the right focus, DavidsTea can restore growth, position itself on a sustainable path, and create value for the long-term – for shareholders, customers and employees. The economy is strong, the DavidsTea brand resonates with a new generation of consumers, and the tea business offers compelling opportunities for creating long-term shareholder value. By focusing on the right priorities, DavidsTea can aspire to a great future as an iconic Canadian brand.
MONTREAL, April 19, 2018-- DAVIDsTEA Inc. today announced financial results for the three months and year ended February 3, 2018.. For the three months ended February 3, 2018:. Sales increased by 0.4% ...
DAVIDsTEA Inc (NASDAQ:DTEA), a specialty retail company based in Canada, saw significant share price volatility over the past couple of months on the NasdaqGM, rising to the highs of $3.95Read More...
MONTREAL, April 05, 2018-- DAVIDsTEA Inc. today announced that its financial results for the fourth quarter of fiscal 2017 will be released after market close on Thursday, April 19, 2018. The Company will ...