Metro Vancouver Properties Corp. announces results of a vote in favour of a share consolidation and going private transaction
2024年6月28日 - 8:00AM
Metro Vancouver Properties Corp. (“Metro Vancouver”), a
Vancouver-based real estate company announces the results of a vote
held at the special meeting of shareholders in favour of completing
the previously announced going private transaction (the
“Transaction”) by way of a share consolidation.
The vote in favour of the Transaction was
approved by 94.63% of the votes cast by holders of Metro
Vancouver’s Class B Voting Common Shares (the “Class B Shares”),
excluding the votes cast by Madison Pacific Properties Inc. and its
related entities and their joint actors.
The share consolidation is expected to be
completed on or about July 4, 2024.
Under the share consolidation, all Class B
Shares are being consolidated on the basis of one
post-consolidation Class B Share for each 1,941,489
pre-consolidation Class B Shares, without any entitlement to
receive fractional shares (including any beneficial shareholder).
In lieu of receiving a fractional share, minority shareholders will
be paid cash consideration of $0.36 per pre-consolidation Class B
share (with no amount payable to registered shareholders who would
be entitled to receive, net of withholding taxes, less than
$5).
Metro Vancouver encourages registered Class B
Shareholders to tender their shares of Metro Vancouver, along with
a completed letter of transmittal, to Computershare Investor
Services Inc. The form of letter of transmittal was included with
the information circular and other meeting materials mailed to
shareholders in connection with the special meeting.
For more information please contact: |
|
|
|
Contact: |
Mr. John DelucchiPresident & CEO |
Ms. Bernice YipChief Financial Officer |
Telephone: |
(604) 732-6540 |
(604) 732-6540 |
|
|
|
Address: |
389 West 6th AvenueVancouver, B.C. V5Y 1L1 |
|
|
|
|