Authorization

Stuart Olson Announces Receipt of Securityholder Approval and Final Court Order Approving the Transaction with Bird Construction

CALGARY, AB, Sept. 18, 2020 /CNW/ - Stuart Olson Inc. (TSX: SOX) ("Stuart Olson" or the "Company") today announced that it has obtained a final order from the Court of Queen's Bench of Alberta approving the acquisition of Stuart Olson by Bird Construction Inc. ("Bird") pursuant to an arrangement (the "Arrangement") under the Business Corporations Act (Alberta), as previously announced on July 29, 2020.Stuart Olson also announced today that the Arrangement was approved at each of the special meetings of the Company's secured bank lenders (the "Lenders"), unsecured convertible debentureholders (the "Debentureholders"), and shareholders (the "Shareholders") held on September 17, 2020.At the special meeting of the Lenders, 100% of the votes cast by Lenders present in person or by proxy were voted in favour of the Arrangement. At the special meeting of the Debentureholders, 100% of the votes cast by Debentureholders present in person or by proxy were voted in favour of the Arrangement.At the special meeting of the Shareholders, the Arrangement was approved by 94.84% of the votes cast by Shareholders, and 93.44% of the votes cast by Shareholders excluding the votes required to be excluded for majority of the minority approval of the Arrangement pursuant to Multilateral Instrument 61-101 a?? Protection of Minority Security Holders in Special Transactions.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2020    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
262728293031