CRS Urges Rentech To Halt Capital Raising Plans And Hold 2014 Annual Meeting

(RTTNews) - Concerned Rentech Shareholders called on the Board of Directors of Rentech Inc. (RTK) to immediately halt any capital raising plans or discussions and to schedule a date for the 2014 Annual Meeting at the earliest possible time so shareholders can elect fiduciaries that they trust to provide appropriate leadership at this critical moment in RTK's history.

Concerned Rentech Shareholders or CRS is a group led by Engaged Capital, LLC and Lone Star Value Management, LLC, together one of the largest stockholders of Rentech Inc.

In a letter to the Board of Directors of Rentech Inc, Concerned Rentech Shareholders expressed its belief that the Board and management's poor capital allocation and execution track record warrant no confidence that they can successfully execute on any initiatives. Further reckless spending, highlights the urgent need to reconstitute the Board to include shareholder representation.

The letter also set the record straight with respect to CRS's persistent efforts to work constructively with the Company to seek a mutually agreeable resolution.

However, should the Company continue to thwart the shareholder's wishes and further entrench themselves, CRS stated it intends to bring legal action against the Company and the directors personally.