Filed by: Great Plains Energy Incorporated
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Westar Energy, Inc.
Commission File Number: 001-03523
Subject Company: Great Plains Energy Incorporated
Commission File Number: 001-32206
Subject Company: Monarch Energy Holding, Inc.
Commission File Number: 132-02816
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Nov. 14, 2017
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Got news? Tell us
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Archives
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Employee milestones
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Example: GPE dividend/common stock value Day 1
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Shareholder meetings Nov. 21
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CT sites celebrate nine years of safety
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2018 planning calendars
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Open Enrollment closes tomorrow
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Woman of Achievement nominations due Friday
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Recognize employees who exhibit Guiding Principles
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F&M blood drive Nov. 30
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Example of GPE dividend/common stock value on Day 1*
Some of you have asked how much the combined companys dividend will be worth for Great Plains Energy Incorporated (GPE) shareholders after the merger. The short
answer is,
the dividend value is expected to remain the same.
Thats because GPE shareholders will receive 0.5981 shares of common stock in the
combined company for each GPE share on Day 1, but its expected that the combined companys board will declare a higher dividend payout. Heres an example of how someone who owns 100 shares of GPE common stock would be impacted:
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GPE Before Day 1
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NewCo Day 1
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Shares of common stock
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100
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59*
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Annualized dividend per share
of common stock
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$1.10
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$1.10 / 0.5981 = $1.84
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Expected annual dividend income + cash in lieu of fractional shares of common stock
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$110
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$108.51 + $1.49* = 110.00
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*Holders are expected to receive whole shares (59 shares in our
example) + cash in lieu of fractional shares.
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Its impossible to accurately predict the market price of the combined company common stock to be received by GPE shareholders
after the merger completes. However, its expected that on Day 1, the implied value of GPE common stock could be in line with the 0.5981 exchange ratio. Heres an example of how someone who owns 100 shares of common stock would be
impacted:
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GPE Immediately
Before Day 1
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Implied Value of NewCo Day 1*
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Shares of common stock
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100
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59**
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Price per share*
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$32.15
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$32.15 / 0.5981 = $53.7536
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Implied value + cash in lieu of fractional shares of common stock
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$3,215.00
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$3,171.46 + 43.54 = $3,215.00
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*This example is purely for illustrative purposes and doesnt guarantee a market price for the
equity of either the combined company or GPE.
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**Holders are expected to receive whole shares (59 shares in our
example) + cash in lieu of fractional shares.
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Have additional merger questions? Send them to:
BetterTogether@kcpl.com
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Shareholder meetings Nov. 21
Great Plains Energy Incorporated (GPE) and Westar Energy will separately conduct special merger-related shareholder meetings on Tuesday,
Nov. 21,
at 10 a.m. At
those sessions, shareholders will gather specifically to vote on the new merger.
The GPE meeting will occur at 1KCs first-floor Energy Center. If youll
be at 1KC that day, please follow these guidelines to help accommodate our guests and ensure orderly proceedings:
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Parking
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Please park on lower levels
S1-S5
to free upper-level parking for visitors. Contractors should continue to park in their assigned area.
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Guest
check-in
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If you expect visitors that morning, please direct
them to a
temporary guest reception
desk that will be in the lobby next to the Energy Center.
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Shareholder
check-in
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As noted in the proxy statement that was provided to
all shareholders of record, all attendees (including employees) must present a
government-issued photo ID
and
proof of GPE stock
ownership
to enter the Energy Center.
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*Forward-Looking Statements
Statements made in this communication are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as
of the date when made. Forward-looking statements include, but are not limited to, statements relating to the anticipated merger transaction of Great Plains Energy and Westar Energy, including those that relate to the expected financial and
operational benefits of the merger to the companies and their shareholders (including cost savings, operational efficiencies and the impact of the anticipated merger on earnings per share), the expected timing of closing, the outcome of regulatory
proceedings, cost estimates of capital projects, dividend growth, share repurchases, balance sheet and credit ratings, rebates to customers, employee issues and other matters affecting future operations. In connection with the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995, Great Plains Energy is providing a number of important factors that could cause actual results to differ materially from the provided forward-looking information. These important factors
include: future economic conditions in regional, national and international markets and their effects on sales, prices and costs; prices and availability of electricity in regional and national wholesale markets; market perception of the energy
industry, Great Plains Energy and Westar Energy; changes in business strategy, operations or development plans; the outcome of contract negotiations for goods and services; effects of current or proposed state and federal legislative and regulatory
actions or developments, including, but not limited to, deregulation, re-regulation and restructuring of the electric utility industry; decisions of regulators regarding rates that the companies can charge for electricity; adverse changes in
applicable laws, regulations, rules, principles or practices governing tax, accounting and environmental matters including, but not limited to, air and water quality; financial market conditions and performance including, but not limited to, changes
in interest rates and credit spreads and in availability and cost of capital and the effects on derivatives and hedges, nuclear decommissioning trust and pension plan assets and costs; impairments of long-lived assets or goodwill; credit ratings;
inflation rates; effectiveness of risk management policies and procedures and the ability of counterparties to satisfy their contractual commitments; impact of terrorist acts, including, but not limited to, cyber terrorism; ability to carry out
marketing and sales plans; weather conditions including, but not limited to, weather-related damage and their effects on sales, prices and costs; cost, availability, quality and deliverability of fuel; the inherent uncertainties in estimating the
effects of weather, economic conditions and other factors on customer consumption and financial results; ability to achieve generation goals and the occurrence and duration of planned and unplanned generation outages; delays in the anticipated
in-service dates and cost increases of generation, transmission, distribution or other projects; Great Plains Energys and Westar Energys ability to successfully manage and integrate their respective transmission joint ventures; the
inherent risks associated with the ownership and operation of a nuclear facility including, but not limited to, environmental, health, safety, regulatory and financial risks; workforce risks, including, but not limited to, increased costs of
retirement, health care and other benefits; the ability of Great Plains Energy and Westar Energy to obtain the regulatory and shareholder approvals necessary to complete the anticipated merger or the imposition of adverse conditions or costs in
connection with obtaining regulatory approvals; the risk that a condition to the closing of the anticipated merger may not be satisfied or that the anticipated merger may fail to close; the outcome of any legal proceedings, regulatory proceedings or
enforcement matters that may be instituted relating to the anticipated merger; the costs incurred to consummate the anticipated merger; the possibility that the expected value creation from the anticipated merger will not be realized, or will not be
realized within the expected time period; difficulties related to the integration of the two companies, the credit ratings of the combined company following the anticipated merger; disruption from the anticipated merger making it more difficult to
maintain relationships with customers, employees, regulators or suppliers; the diversion of management time and attention on the anticipated merger; and other risks and uncertainties.
This list of factors is not all-inclusive because it is not possible to predict all factors. Additional risks and uncertainties are discussed in the Joint
Proxy Statement/Prospectus and other materials that Great Plains Energy, Westar Energy and Monarch Energy filed with the Securities and Exchange Commission (SEC) in connection with the anticipated merger. Other risk factors are detailed
from time to time in quarterly reports on Form 10-Q and annual reports on Form 10-K filed by Great Plains Energy and Westar Energy with the
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SEC. Each forward-looking statement speaks only as of the date of the particular statement. Monarch Energy,
Great Plains Energy and Westar Energy undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any proxy, vote or
approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the
proposed transactions, Monarch Energy has filed with the SEC a Registration Statement on Form S-4 (Registration No. 333-220465), which was declared effective by the SEC, Great Plains Energy and Westar Energy, have each filed a definitive Joint
Proxy Statement, which also constitutes a Prospectus of Monarch Energy, each of which is publicly available, and Great Plains Energy, Westar Energy and Monarch Energy have filed and may file other documents regarding the proposed transactions with
the SEC. Great Plains Energy and Westar Energy mailed the definitive Joint Proxy Statement/Prospectus in connection with the transactions to their respective shareholders on or about October 13, 2017. WE URGE INVESTORS TO READ THE REGISTRATION
STATEMENT AND DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND THESE OTHER MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT GREAT PLAINS ENERGY, WESTAR ENERGY, MONARCH ENERGY AND THE PROPOSED TRANSACTIONS. Investors can obtain
free copies of the Registration Statement and definitive Joint Proxy Statement/Prospectus and other documents filed by Monarch Energy, Great Plains Energy and Westar Energy with the SEC at
http://www.sec.gov
,
the SECs website. These documents filed by Great Plains Energy and Monarch Energy are also available
free of charge from Great Plains Energys website (
http://www.greatplainsenergy.com
) under the tab, Investor
Relations and then under the heading SEC Filings, or by contacting Great Plains Energys Investor Relations Department at 1-800-245-5275. These documents filed by Westar Energy are also available free of charge from Westar
Energys website (
http://www.westarenergy.com
) under the tab Investors and then under the heading
SEC Filings, or by contacting Westar Energys Investor Relations Department at 785-575-8227.
Participants in Proxy
Solicitation
Great Plains Energy, Westar Energy, and their respective directors and certain of their executive officers and employees may be
deemed, under SEC rules, to be participants in the solicitation of proxies from Great Plains Energys and Westar Energys shareholders with respect to the proposed transactions. Information regarding the officers and directors of Great
Plains Energy is included in its definitive proxy statement for its 2017 annual meeting filed with the SEC on March 23, 2017. Information regarding the officers and directors of Westar Energy is included in its definitive proxy statement for
its 2017 annual meeting filed with the SEC on September 14, 2017. Additional information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, is set forth in the
Registration Statement and definitive Joint Proxy Statement/Prospectus and other materials filed with SEC in connection with the proposed merger. Free copies of these documents may be obtained as described in the paragraphs above.
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