Business
CLARKE ANNOUNCES COMPLETION OF PARTIAL REDEMPTION OF DEBENTURES DUE DECEMBER 31, 2012
May 12, 2011 (Canada NewsWire Group) -- HALIFAX, May 12 /CNW/ - Clarke Inc. (the "Compan...
About this update from Clarke Inc.
[{"type":"text","content":"\n\n\n May 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nHALIFAX, May 12 /CNW/ - Clarke Inc. (the "Company") (TSX: CKI CKI.DB\n CKI.DB.A) announced today that it has completed the previously\n announced partial redemption of its 6% convertible unsecured\n subordinated debentures maturing December 31, 2012 (the "Debentures")\n for an aggregate principal amount of $18,275,000. The Company paid to\n the holders of redeemed Debentures a redemption price (the "Redemption\n Price") equal to the principal amount of the redeemed Debentures, plus\n accrued and unpaid interest up to but excluding the redemption date,\n for a total of $18,668,538. Debentures in an aggregate principal amount\n of $18,275,500 remain outstanding following the redemption. The Company\n used available funds to pay the Redemption Price of the redeemed\n Debentures.\n\n\nAbout Clarke \n\n\nHalifax-based Clarke Inc. invests in undervalued businesses and\n participates actively where necessary to enhance performance and\n increase return.  Clarke securities trade on the Toronto Stock Exchange\n (CKI, CKI.DB and CKI.DB.A); for more information about Clarke Inc.,\n please visit our website at www.clarkeinc.com.\n\n\nNote on Forward-Looking Statements and Risks\n\n\nThis press release may contain or refer to certain forward-looking\n statements relating, but not limited to, the Company's expectations,\n intentions, plans and beliefs with respect to the Company.  Often, bu...