In accordance with the terms of the offer, the Master Fund has accepted for purchase 4,310,341 TFG non-voting shares
at a purchase price of USD 11.
In accordance with the terms of the Offer, the Master Fund has accepted for purchase 5,999,999 TFG non-voting shares
at a purchase price of USD10.
As a result, a maximum of 192,220 Class B Non-Voting Shares
(being 25% of the ADTV) may be purchased by Shaw on any one day under the renewed bid, except where purchases are made in accordance with the block purchase exception of the TSX rules.
The common shares issued in exchange for such non-voting shares
now trade under the symbol "T," the same symbol under which common shares traded previously.
To the extent that the underwriters sell more than 15,750,000 shares of Class A non-voting shares
, the underwriters have a 30-day option to purchase up to an additional 2,362,500 shares from CIASA and Continental Airlines.
emerge when an investor holds a smaller number of shares than the minimum number of a trading lot, or buys securities without registering ownership of the shares.
As a result, the family theoretically ceased to hold the necessary 40 per cent and the non-voting shares
Only the voting shareholders would have the right to vote at the meeting as the proposal in no way interferes with the rights or privileges of the holders of non-voting shares
Our proposal will allow voting shareholders, who collectively control Telus, to express their views on the appropriate valuation of their voting shares relative to the non-voting shares
and to take steps to protect the value of their voting rights.
Mr Folkes' private property company Remlane - now renamed Folkes Holdings - also holds 27 per cent of the non-voting shares
435 per share on each of its outstanding Class A voting shares and Class B non-voting shares
The exchange of TELUS non-voting shares
for common shares on a one-for-one basis pursuant to a court-approved plan of arrangement became effective at 12:01 a.