First Mariner owns less than 1 percent of the voting shares of Glen Burnie and has an agreement to acquire an additional 18.
Glen Burnie has adopted a shareholders rights plan that becomes effective when a shareholder who has acquired or obtained the right to acquire 10 percent or more of Glen Burnie's voting shares before the adoption of the plan acquires 20 percent or more of its voting shares.
As additional consideration, ProMetic intends to issue to the investors warrants to purchase up to 20,502,772 subordinate voting shares at a price of CAN$0.
Winston, an investment broker, acted as sole placement agent to the Company for the transaction and will receive in compensation a cash commission of 7% of the net proceeds and an agent warrant to purchase up to 3,075,416 subordinate voting shares at a price of CAN$0.
Fairfax has purchased 64,200 of its subordinate voting shares
at an average price per share of Cdn$171.
BBL believes that its Class A subordinate voting shares
have been trading in a price range which does not adequately reflect the value of such shares in relation to the business of BBL and its future business prospects.
Quebecor World believes that the repurchase of these Subordinate Voting Shares, pursuant to this normal course issuer bid, is in the best interest of Quebecor World and its shareholders.
During the last twelve months, Quebecor World has not purchased any Subordinate Voting Shares.
Pursuant to the amalgamation, except for shares held by a dissenting shareholder, each Class A Subordinate Voting Share
of Mont Saint-Sauveur will be converted into one redeemable share of the amalgamated corporation, each Class B Share of Mont Saint-Sauveur will be converted into one common share of the amalgamated corporation, and each common share of the newly-incorporated corporation will be converted into one common share of the amalgamated corporation.
The Corporation currently has 5,399,825 subordinate voting shares issued and outstanding.
The Corporation believes that the purchase of its subordinate voting shares at prevailing market prices may, from time-to-time, be a worthwhile investment for the Corporation.
SV) announced today that it is redeeming its debentures which are exchangeable for Celestica subordinate voting shares