TSX-V: JTC
VANCOUVER, Jan. 10, 2020 /CNW/ - JEMTEC Inc. (TSX-V: JTC)
("JEMTEC" or the "Company") announced today that the payout date
for the previously declared one time cash dividend of $0.25 per common share (the "Special
Dividend") has been amended to Monday,
February 10, 2020 (the "Payout Date").
As outlined in the Company's news release of January 8, 2020, the Special Dividend will result
in a distribution of approximately $679,219 of the Company's cash. Please note
that the Special Dividend Record Date remains close of business on
January 17, 2020.
The Company has appointed Computershare Trust Company of
Canada as its Dividend Disbursing
Agent. Following consultation with the Dividend Disbursing Agent,
the Company has decided to amend the Payout Date from January 31, 2020 to Monday, February 10, 2020 so as to allow
sufficient time for the processing of required documentation to
ensure accurate payment of the Special Dividend. JEMTEC's common
shares will trade ex-dividend commencing on January 16, 2020 until the close of trading on
the Special Dividend Payout Date. Persons who purchase JEMTEC
common shares on or before January 15,
2020 will be entitled to the Special Dividend. Purchasers on
or after January 16, 2020 will not be
entitled to the Special Dividend.
Shareholders do not need to take any further action.
JEMTEC will send to registered shareholders a cheque representing
the Special Dividend and beneficial shareholders will have their
brokerage accounts automatically updated to reflect the Special
Dividend.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which
relate to future events or future performance and reflect
management's current expectations and assumptions. Such
forward-looking statements reflect management's current beliefs and
are based on assumptions made by and information currently
available to the Company. Investors are cautioned that these
forward looking statements are neither promises nor guarantees, and
are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and,
except as required under applicable securities legislation, the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Jemtec Inc.