Hemas Manufacturing private limited, the company's majority shareholder, is to purchase shares from shareholders who may wish to divest their shareholding at a purchase price of 850 rupees for fully paid voting share and 700 rupees for fully paid non-voting share
Under the terms of the merger agreement, each Viacom Class A voting share and Viacom Class B non-voting share
will convert into 0.59625 of a Class A voting share and Class B non-voting share
of CBS, respectively.
(TSXV: BCF) (the "Company") announced today that its board of directors has declared a distribution of $0.0997 per Class B Non-Voting share
of the Company.
Earnings exceeded the amount required to pay planned Class A Non-Voting Share
dividends by a healthy 1.7 times.
The company has declared a dividend of USD0.175 per common and non-voting share
Under the agreement, a Salter Street shareholder can receive C$3.33 in cash and .31 of a class B non-voting share
of Alliance Atlantis for each Salter Street share, or .465 of an Alliance share for each Salter Street share.
The agreement provides for a recapitalisation of the company with an initial net cash infusion of around CAD6.3m; and acquisition by the company of Privateco where each company shareholder will receive one new common share for each common share and each non-voting share
held and one arrangement warrant for every three company shares held.
said its Board of Directors has approved a five percent increase to the annualized dividend rate from USD1.83 to USD1.92 per Class A Voting and Class B Non-Voting share
Mr Folkes, who speaks for 52.3 per cent of Lye-based Folkes Group's shares, has indicated he will pay 140p for each outstanding voting share and 110p for each non-voting share
As of December 18, TELUS non-voting share
price was up 20 per cent since the original announcement was made in February of 2012, while the common share price was up 16 per cent about $3 billion in new shareholder value.
Each unit bundles CAD7.50 principal amount of 8% unsecured, subordinated, convertible, extendable debentures and one non-voting share
of company with a price of CAD2.50.
In accordance with applicable corporate laws, the TELUS proposal will require approval from two-thirds of its non-voting share
votes cast at the meeting, as the non-voting shares
are being exchanged for common shares.