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Monday, February 3, 2014

SeaWorld trying to block shareholder vote on whale sanctuary -PETA, (NYSE: SEAS)

SeaWorld Entertainment Inc is trying to block a shareholder vote requested by an activist animal rights group on creating a coastal retirement sanctuary for the theme park's killer whales, the group People for the Ethical Treatment of Animals (PETA) said on its website on Monday. SeaWorld did not immediately respond to requests for comment on Monday evening.PETA, which opposes the captivity of killer whales for entertainment purposes, is proposing that the theme park begin development of coastal sanctuaries where killer whales can be rehabilitated and retired and seen by the public in their natural habitat.PETA bought stock in SeaWorld when the company made its initial public offering on April 19, 2013, announcing at the time that it purchased the minimum number of shares needed to attend and speak at annual meetings and to submit shareholder resolutions.SeaWorld is seeking to invoke a Securities and Exchange Commission (SEC) rule that allows a company to exclude a proposal made by a shareholder who has owned stock for less than a year, PETA reported on its website.

SeaWorld Entertainment, Inc. is a theme park and entertainment company. Shares of SEAS fell by 4.07% or $-1.32/share to $31.10. In the past year, the shares have traded as low as $27.48 and as high as $39.65. On average, 1151510 shares of SEAS exchange hands on a given day and today's volume is recorded at 907073.