ATCO Ltd. Advises of a Change in Percentage Ownership of Canadian Utilities Limited Class B Common Shares
14 Settembre 2013 - 12:02AM
Marketwired
ATCO Ltd. (TSX:ACO.X) (TSX:ACO.Y) advised today that the percentage
of outstanding Class B common shares of Canadian Utilities Limited
(TSX:CU) (TSX:CU.X) held by ATCO has increased from 82.0% at
January 4, 2011, the date of ATCO's last National Instrument 62-103
filing, to 88.1%. The percentage increase was caused by third
parties converting Class B Shares into Class A non-voting shares of
Canadian Utilities Limited. The Canadian Utilities Limited Class B
Shares are convertible into Class A Shares on a one-for-one basis
at the option of the holders. The increase in ATCO's percentage
ownership of the Class B Shares was not the result of any action
taken by ATCO or Canadian Utilities Limited. This news release is
issued pursuant to technical disclosure requirements under
applicable securities laws as a result of the change in ATCO's
security holding percentage described above.
Following the Class B Share conversions, and after giving effect
to the two-for-one share split of the Class B Shares in June 2013,
ATCO currently owns 66,309,246 Class B Shares (88.1% of the Class B
Shares).
ATCO Ltd., with more than 9,400 employees and assets of
approximately $15 billion, delivers service excellence and
innovative business solutions worldwide with leading companies
engaged in structures & logistics (manufacturing, logistics and
noise abatement), utilities (pipelines, natural gas and electricity
transmission and distribution), energy (power generation, natural
gas gathering, processing, storage and liquids extraction) and
technologies (business systems solutions). More information can be
found at www.atco.com.
Forward-Looking Information:
Certain statements contained in this news release may constitute
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "plan", "expect", "may", "will", "intend", "should",
and similar expressions. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements. The Corporation believes that the
expectations reflected in the forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should
not be unduly relied upon.
The Corporation's actual results could differ materially from
those anticipated in these forward-looking statements as a result
of regulatory decisions, competitive factors in the industries in
which the Corporation operates, prevailing economic conditions, and
other factors, many of which are beyond the control of the
Corporation.
The forward-looking statements contained in this news release
represent the Corporation's expectations as of the date hereof, and
are subject to change after such date. The Corporation disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required under applicable securities
regulations.
Contacts: ATCO Ltd. B.R. (Brian) Bale Senior Vice President
& Chief Financial Officer (403) 292-7502 www.atco.com
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