RW Packaging to Offer to Repurchase up to 1,796,846 Common Shares Through a Substantial Issuer Bid
05 Dicembre 2007 - 4:37PM
Marketwired
WINNIPEG, MANITOBA (TSX VENTURE: RWP) announced today that it
intends to offer to repurchase for cancellation up to 1,796,846 of
its common shares ("Shares") at a price of $0.65 per share, subject
to certain conditions, through a substantial issuer bid (the
"Issuer Bid").
The Issuer Bid comprises a part of RWP's "going private plan"
which will involve an application to delist the Shares from the TSX
Venture Exchange (the "TSXV") and making application to cease to be
a reporting issuer under applicable securities laws. The Issuer Bid
will provide shareholders of RWP with an opportunity to sell their
Shares prior to the Shares being delisted from the TSXV. Certain
major shareholders ("Non-Tendering Shareholders") of RWP, being Mr.
Henry De Ruiter, Ms. Deanne Downey and Mr. Vincent Pileggi, holding
an aggregate of 4,790,834 Shares, have agreed not to tender to the
Issuer Bid and to support the applications to the TSXV and
securities regulators such that they will remain shareholders of
RWP following the completion of the Issuer Bid and the delisting of
the Shares from the TSXV.
The Issuer Bid is subject to the approval of the TSXV. A
circular containing full details of the Issuer Bid and the
procedures for tendering Shares is expected to be filed with the
appropriate Canadian securities regulatory authorities and mailed
to shareholders by mid-December, 2007.
RW is GMP licensed and ISO 9001 registered. The Company blends
and packages liquid and powder private brand consumer products for
major retailers and national brand marketers across North
America.
Additional information relating to the Company is available
online at www.sedar.com or the Company's website at
www.rwpackaging.com.
2007-12-04 Close $0.40
Shares Issued 6,587,680
The TSX Venture Exchange (TSX Venture) has not reviewed, and
does not accept responsibility for, the adequacy or accuracy of
this release.
Contacts: RW Packaging Ltd. Mr. Henry De Ruiter President and
CEO Toll Free: 1-800-284-6338 Email: rwp@rwpackaging.com Website:
www.rwpackaging.com
Grafico Azioni RW Packaging Ltd (TSXV:RWP)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni RW Packaging Ltd (TSXV:RWP)
Storico
Da Set 2023 a Set 2024
Notizie in Tempo Reale relative a RW Packaging Ltd (Venture Exchange Canada (TSXV)): 0 articoli recenti
Più RW Packaging Ltd. Articoli Notizie