Canadian Life Companies Split Corp.: Announces Completion of Reorganization and Warrant Exercise Prices
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/25/12 -- Canadian Life Companies Split Corp. (the "Company") announces the completion of the capital reorganization of the Preferred Shares of the Company (the "Reorganization") that was approved at the special meeting of shareholders held on April 16, 2012, and the related consolidation of Class A Shares (the "Consolidation").
As a result of the Reorganization, holders of Preferred Shares who did not exercise the 2012 Special Retraction Right, will receive the following securities for each Preferred Share:
The 2012 Preferred Share, 2013 Warrants and 2014 Warrants will be listed on the TSX and posted for trading at market open on June 25, 2012.
The exercise prices for the 2013 Warrants and the 2014 Warrants are $12.00 and $12.60, respectively.
As previously announced, the Consolidation is necessary to maintain an equal number of Class A shares and 2012 Preferred Shares outstanding following the Reorganization. After the Reorganization and the Consolidation, there will be 7,776,613 2012 Preferred Shares and 7,776,613 Class A Shares outstanding with a net asset value per unit of $11.66 as of the opening of business on June 25, 2012.
Additional information regarding the capital reorganization is contained in the Management Information Circular dated March 14, 2012 prepared in respect of the special meeting, available on SEDAR at or on the Company's website .
Contacts:
Canadian Life Companies Split Corp.
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
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Datum: 25.06.2012 - 13:35 Uhr
Sprache: Deutsch
News-ID 159528
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TORONTO, ONTARIO
Kategorie:
Personal Finance
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