MP Western Properties Announces Proposed Arrangement
2011年5月13日 - 8:30AM
Marketwired
MP Western Properties Inc. (TSX VENTURE: MPW.H) ("MPW"), a
Vancouver-based real estate company, is pleased to announce that
MPW and Madison Pacific Properties Inc. ("Madison") have agreed
that MPW will propose an arrangement (the "Arrangement") among MPW,
MPW's shareholders and Madison.
Under the Arrangement, Madison will acquire all of the shares of
MPW not currently owned by Madison in exchange for a cash payment
of $0.06 per share.
The transaction will provide a liquidity transaction for MPW
shareholders, particularly to holders of MPW's Class A non-voting
shares which are not currently listed on any exchange.
The completion of the Arrangement is subject to the satisfaction
of a number of conditions including approval of the Arrangement by
the shareholders of MPW, the Supreme Court of British Columbia and
other regulatory approvals. The Arrangement requires the approval
by at least 66 2/3% of the votes cast by holders of MPW's Class A
non-voting shares and Class B voting common shares each voting
separately as a class. Pursuant to the requirements of Multilateral
Instrument 61-101, the Arrangement must also be approved by the
holders of MPW's Class B voting common shares other than Madison.
MPW shareholder approval will be sought at the annual and special
meeting currently scheduled for June 29, 2011.
The Arrangement is expected to close on or about July 7,
2011.
Forward-Looking Statements
Certain statements in this press release may not be historical
and may constitute forward-looking statements reflecting financial
performance. Investors are cautioned that all forward-looking
statements involve risks and uncertainties, including the risk that
there is no assurance that the transactions contemplated by the
Arrangement will be completed as proposed or at all.
Forward-looking statements are based on management's estimates,
beliefs and opinions on the date the statements are made. Except as
required by law, MPW assumes no obligation to update
forward-looking statements if circumstances should change.
Additional information on these and other potential factors that
could affect MPW's financial results are detailed in documents
filed from time to time with the applicable Canadian securities
regulatory authorities. Investors are cautioned that, except as
disclosed in the management information circular to be prepared and
sent to MPW shareholders in connection with the Arrangement, any
information regarding the Arrangement may not be accurate or
complete and should not be relied on.
Neither NEX nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
Contacts: MP Western Properties Inc. Mr. Alan Firth President
(604) 732-6540 MP Western Properties Inc. Mr. Bill Ramsey Chief
Financial Officer (604) 732-6540 (604) 732-6550 (FAX)
MP Western Properties (TSXV:MPW.H)
過去 株価チャート
から 5 2024 まで 6 2024
MP Western Properties (TSXV:MPW.H)
過去 株価チャート
から 6 2023 まで 6 2024
Real-Time news about MP Western Properties (トロントベンチャー取引所): 0 recent articles
その他のMP Western Properties Inc.ニュース記事