April 3, 2018 / 12:36 PM / 4 months ago

BRIEF-DAVIDsTEA Says Porchlight Equity Sent Letter To Co Highlighting Concerns With RDI’s Proposal Of Nominees

April 3 (Reuters) - DAVIDsTEA Inc:

* DAVIDSTEA - ON MARCH 28, 2018, PORCHLIGHT EQUITY MANAGEMENT, EDGEPOINT WEALTH MANAGEMENT AND TDM ASSET MANAGEMENT SENT A LETTER TO CO’S BOARD

* DAVIDSTEA SAYS PORCHLIGHT’S LETTER WAS IN RESPONSE TO RDI’S RECENT PROPOSAL OF NOMINEES FOR ELECTION AT DAVIDSTEA’S 2018 ANNUAL MEETING - SEC FILING

* DAVIDSTEA - PORCHLIGHT EQUITY MANAGEMENT, EDGEPOINT WEALTH MANAGEMENT, TDM ASSET MANAGEMENT ARE HOLDERS OF ABOUT 37% OF DTEA’S OUTSTANDING SHARES

* DAVIDSTEA SAYS PORCHLIGHT, EDGEPOINT, TDM HIGHLIGHTED 'SERIOUS CONCERNS' WITH RDI’S CURRENT APPROACH & PROPOSAL IN A LETTER TO BOARD ‍​ Source text: (bit.ly/2IrqR2r) Further company coverage:

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