TORONTO, April 17, 2020 /CNW/ - Leon's Furniture
Limited (TSX: LNF) (the "Company") announces that the
venue for the meeting of shareholders scheduled to occur on
Thursday, May 14, 2020 at
2:00 pm (the "Meeting") will
be changed from Royal York, 100
Front Street West, Toronto,
Ontario to the Company's home office at 45 Gordon Mackay
Road, Toronto, Ontario. The
Meeting will also be available for viewing online through a webcast
provider. The Company will not prepare, file, or mail amended
materials relating to the Meeting.
In light of ongoing concerns related to the spread of COVID-19,
the Company wishes to emphasize its priority to decrease the health
risks associated with the spread of COVID-19 and adhere to the
recommendations of Canadian public health officials in regards to
the number of people allowed to attend any public meeting.
Accordingly, the Company announces that it is strongly
discouraging shareholders and other persons from attending the
Meeting in-person. All shareholders are encouraged to vote on
the matters before the Meeting by proxy, and to follow the Meeting
online, the details of which are provided below. Shareholders are
reminded to submit their proxies no later than by 5:00 pm EST on May 12,
2020. The details of the Meeting, including the business
items on which the shareholders will be asked to vote, are set out
in the Notice of Meeting of the Company dated February 26, 2020, that was sent to shareholders
and filed at https://sedar.com.
The form of proxy has been mailed to all shareholders of record
and a voting instruction form has been mailed to non-objecting
beneficial owners of shares. If you have not received a form of
proxy, this form can be accessed at www.SEDAR.com. The proxies are
to be submitted to the Company as set out therein. Shareholders
will have the option of viewing the meeting online; however, no
voting will be available online. Online attendees will be able to
ask questions through the meeting portal once the formal portion of
the Meeting has concluded.
It is stressed by management that voting by proxy is in the best
interest of health and safety for all concerned.
Those wishing to view the Meeting online can access the Meeting
at:
https://leons.postelwebcast.com/live/login.php
Password: Leons2020
About Leon's Furniture Limited
LFL is the largest retailer of furniture, mattresses, appliances
and electronics in Canada. Our
retail banners include: Leon's; The Brick; The Brick Mattress
Store; and The Brick Outlet. Finally, with the Midnorthern
Appliance banner alongside the Appliance Canada banner, we are also
the country's largest commercial retailer of appliances to
builders, developers, hotels and property management companies. LFL
has 304 retail stores from coast-to coast in Canada under various banners. As well, the
Company operates three e-commerce
sites: leons.ca, thebrick.com and its newest
site, furniture.ca.
CAUTIONARY STATEMENT: This press release may contain
forward-looking statements that are subject to known and unknown
risks and uncertainties that could cause actual results to vary
materially from targeted results. Such risks and uncertainties
include those described in Leon's Furniture Limited's periodic
reports including the annual report or in the filings made by
Leon's Furniture Limited from time to time with securities
regulatory authorities.
This News Release may include certain "forward-looking
statements" which are not comprised of historical facts.
Forward-looking statements include estimates and statements that
describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be
identified by such terms as "believes", "anticipates", "expects",
"estimates", "may", "could", "would", "will", or "plan". Since
forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are
based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management's expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the Company's objectives, goals or
future plans, and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to failure
to identify beneficial business opportunities, failure to convert
the potential in the pursued business opportunities to tangible
benefits to the Company or its shareholders, the ability of the
Company to counteract the potential impact of the COVID-19
coronavirus on factors relevant to the Company's business, delays
in obtaining or failures to obtain required shareholder and TSX
approvals, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the
development of projects, and those risks set out in the Company's
public documents filed on SEDAR. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
SOURCE Leon's Furniture Limited