TORONTO, April 26, 2017 /CNW/ -- Waste Connections,
Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today
announced that it proposes to split its common shares on a
three-for-two basis. The proposed share split has been approved by
the Company's Board of Directors and requires the approval of
shareholders at the Annual and Special Meeting of Shareholders of
Waste Connections to be held on May 23,
2017. The share split is also subject to the requirements of
the TSX and NYSE. Following shareholder approval of the share
split, it is expected that shareholders of record as of the close
of business on June 7, 2017, will
receive from the Company's transfer agent on June 16, 2017 one additional common share for
every two shares held.
"We believe the stock split, our fourth such split since our
founding almost twenty years ago, demonstrates our continuing
commitment to both broaden our shareholder base and enhance
liquidity for investors," said Ronald J.
Mittelstaedt, Chairman and Chief Executive Officer.
About Waste Connections
Waste Connections is an
integrated solid waste services company that provides waste
collection, transfer, disposal and recycling services in mostly
exclusive and secondary markets in the
United States and Canada.
Through its R360 Environmental Solutions subsidiary, Waste
Connections is also a leading provider of non-hazardous oilfield
waste treatment, recovery and disposal services in several of the
most active natural resource producing areas in the United States, including the Permian,
Bakken and Eagle Ford Basins. Waste Connections serves more than
six million residential, commercial, industrial, and exploration
and production customers in 39 states in the U.S., and five
provinces in Canada. Waste
Connections also provides intermodal services for the movement of
cargo and solid waste containers in the Pacific Northwest.
For more information, visit the Waste Connections website at
www.wasteconnections.com. Copies of financial literature,
including this release, are available on the Waste Connections
website or through contacting us directly at either (905) 532-7510
or (832) 442-2200. Investors can also obtain these materials
and other documents filed with the U.S. Securities and Exchange
Commission (SEC) and the securities commissions or similar
regulatory authorities in Canada
free of charge at the SEC's website, www.sec.gov, and at the System
for Electronic Document Analysis and Retrieval (SEDAR) maintained
by the Canadian Securities Administrators at www.sedar.com.
Safe Harbor and Forward-Looking
Statements
This press release contains
forward-looking statements within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995 (PSLRA) and "forward-looking information" within the meaning
of applicable Canadian securities laws. These forward-looking
statements are neither historical facts nor assurances of future
performance and reflect Waste Connections' current beliefs and
expectations regarding future events and operating performance.
These forward-looking statements are often identified by the words
"may," "might," "believes," "thinks," "expects," "intends" or other
words of similar meaning. All of the forward-looking statements
included in this press release are made pursuant to the safe harbor
provisions of the PSLRA and applicable Canadian securities laws.
Forward-looking statements involve risks and uncertainties.
Forward-looking statements in this press release include, but are
not limited to, statements about the timing and impact of the
proposed share split. Important factors that could cause actual
results to differ materially from those in the forward-looking
statements include, but are not limited to, risk factors detailed
from time to time in filings that have been made by the Company
with the U.S. Securities and Exchange Commission and the securities
commissions or similar regulatory authorities in Canada. You should not place undue reliance on
forward-looking statements, which speak only as of the date of this
press release. Waste Connections undertakes no obligation to
update the forward-looking statements set forth in this press
release, whether as a result of new information, future events, or
otherwise, unless required by applicable securities laws.
CONTACT:
|
|
Worthing Jackman /
(832)
442-2266
|
Mary Anne Whitney /
(832) 442-2253
|
worthingj@wasteconnections.com
|
maryannew@wasteconnections.com
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/waste-connections-announces-a-proposed-3-for-2-stock-split-300446555.html
SOURCE Waste Connections, Inc.