EnerCare Receives Shareholder Request
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 12/12/11 -- EnerCare Inc. ("EnerCare") (TSX: ECI) announced today that it has received a request from one of its shareholders, Octavian Advisors, to hold a meeting of shareholders of EnerCare. The purpose of the meeting, as set out in the notice received from Octavian, is to consider a resolution to increase the size of EnerCare's board from its current six to 10 members and to consider a resolution to add four nominees of Octavian to the board of EnerCare. Based on public filings made by Octavian, EnerCare believes that Octavian holds approximately 13% of the issued and outstanding common shares of EnerCare.
EnerCare will carefully consider Octavian's request with its advisors and provide a response to the market in due course.
About EnerCare
EnerCare and EnerCare Solutions Inc. own a portfolio of approximately 1.2 million water heaters and other assets, rented primarily to residential customers in Ontario. EnerCare also owns Stratacon Inc. and EnerCare Connections Inc., leading Sub-metering companies, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. Additional information regarding EnerCare and EnerCare Solutions Inc. is available on SEDAR at .
Forward-looking Information
Certain statements in this news release are forward-looking statements, which reflect management's expectation regarding EnerCare's and EnerCare Solutions' growth, results of operations, performance, business prospects and opportunities. Such forward-looking information reflects management's current beliefs and is based on information available to them and/or assumptions management believes are reasonable. Many factors could cause results to differ materially from the results discussed in the forward-looking information. Although the forward-looking information is based on what management believes to be reasonable assumptions, EnerCare and EnerCare Solutions Inc. cannot assure investors that actual results will be consistent with this forward-looking information. Except as required by applicable securities laws, neither EnerCare nor EnerCare Solutions Inc. intend and do not assume any obligation to update or revise the forward-looking information, whether as a result of new information, future events or otherwise.
Contacts:
EnerCare Inc.
Evelyn Sutherland
CFO
416.649.1860
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Datum: 12.12.2011 - 23:37 Uhr
Sprache: Deutsch
News-ID 96156
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Personal Finance
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