LONDON, Dec. 12 /PRNewswire/ -- Pentagon Capital Management Plc, today filed a Schedule 13D with the SEC reporting ownership of 5.78% of Rentech, Inc. (AMEX:RTK), after giving effect to conversion of Preferred Shares and the exercise of Warrants owned by it. Pentagon sent a letter to Rentech's CEO, Hunt Ramsbottom. The letter was filed as an Appendix to the 13D.
The letter states that Pentagon is considering ways to maximize its Rentech investment and notes that other shareholders have publicly expressed a similar desire. The letter suggests removing the Company's "poison pill" so potential suitors can have meaningful discussions.
Pentagon Capital Management Plc is a London based manager of pooled investment vehicles. Rentech, whose stock is listed on the American Stock Exchange, develops technologies that transform under-utilized energy resources into clean alternative fuels. It has developed a derivative of the Fischer- Tropsch process for manufacturing clean diesel fuel and other fuel products. DATASOURCE: Pentagon Capital Management Plc CONTACT: Kevin Cook of Pentagon Capital Management Plc, +011-44-20-3100-9999
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