04:50 PM EDT, 08/27/2025 (MT Newswires) -- Calian Group ( CLNFF ) after trade on Wednesday said it acknowledges a recent news article about activist investor Plantro Ltd.'s request to review the company's strategy.

"The company has a clear strategy in place to drive long-term value creation, supported by disciplined capital allocation, operational excellence, and a diversified platform across high-growth sectors," it said.

Calian noted that, as discussed in its third-quarter results call, it has already taken several steps to strengthen its business. These include merging key business units, bringing in new board members, and exploring options for non-core assets.

The company added that it will share any material developments publicly and in line with disclosure rules.

Calian shares closed up $3.85 to $51.66 on the Toronto Stock Exchange.