US Financial 15 Split Corp. Announces Completion of Reorganization and Warrant Exercise Prices
25 Giugno 2012 - 3:35PM
Marketwired
US Financial 15 Split Corp. (the "Company") announces the
completion of the capital reorganization of the Preferred Shares of
the Company (the "Reorganization") that was approved at the special
meeting of shareholders held on April 16, 2012, and the related
consolidation of Class A Shares (the "Consolidation").
As a result of the Reorganization, holders of Preferred Shares
who did not exercise the 2012 Special Retraction Right, will
receive the following securities for each Preferred Share:
1. one 2012 Preferred Share (Symbol: FTU.PR.B),
2. one 2013 Warrant (Symbol: FTU.WT.A); and
3. one 2014 Warrant (Symbol: FTU.WT.B).
The 2012 Preferred Share, 2013 Warrants and 2014 Warrants will
be listed on the TSX and posted for trading at market open on June
25, 2012.
The exercise prices for the 2013 Warrants and the 2014 Warrants
are $5.15 and $5.40, respectively.
As previously announced, the Consolidation is necessary to
maintain an equal number of Class A shares and 2012 Preferred
Shares outstanding following the Reorganization. After the
Reorganization and the Consolidation, there will be 2,207,399 2012
Preferred Shares and 2,207,399 Class A Shares outstanding with a
net asset value per unit of $4.99 as of the opening of business on
June 25, 2012.
The increase in net asset value of the Company from its value as
of the close of business on June 22, 2012 is attributable to the
amount of the cumulative dividend arrears for Preferred Shares that
are retained by the Company and added back to the net asset value
of the Company as part of the Reorganization.
Additional information regarding the capital reorganization is
contained in the Management Information Circular dated March 9,
2012 prepared in respect of the special meeting, available on SEDAR
at www.sedar.com or on the Company's website
www.financial15.com.
Contacts: US Financial 15 Split Corp. Investor Relations
416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372)
www.financial15.com
Grafico Azioni US Financial 15 Split (TSX:FTU)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni US Financial 15 Split (TSX:FTU)
Storico
Da Giu 2023 a Giu 2024