Metro Vancouver Properties Corp. announces completion of going private transaction
July 03 2024 - 10:00PM
Metro Vancouver Properties Corp. (“Metro Vancouver”), a
Vancouver-based real estate company announces that it has completed
its previously announced going private transaction (the
“Transaction”) by way of a share consolidation.
Under the share consolidation, all Class B
Shares have been consolidated on the basis of one
post-consolidation Class B Share for each 1,941,489
pre-consolidation Class B Shares, without any entitlement to
receive fractional shares (including any beneficial shareholder).
In lieu of receiving a fractional share, minority shareholders are
being paid cash consideration of $0.36 per pre-consolidation Class
B share (with no amount payable to registered shareholders who
would be entitled to receive, net of withholding taxes, less than
$5).
Metro Vancouver encourages registered Class B
Shareholders to tender their shares of Metro Vancouver, along with
a completed letter of transmittal, to Computershare Investor
Services Inc. The form of letter of transmittal was included with
the information circular and other meeting materials mailed to
shareholders in connection with the special meeting.
For more information please contact:
Contact: |
Mr. John DelucchiPresident & CEO |
Ms. Bernice YipChief Financial Officer |
Telephone: |
(604) 732-6540 |
(604) 732-6540 |
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Address: |
389 West 6th AvenueVancouver, B.C. V5Y 1L1 |
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