Business
Clarke announces extension for delivery of proxies for Debentureholder Meeting and rescheduling of Meeting
HALIFAX, Jan. 8, 2013 /CNW/ - Clarke Inc. ("Clarke") (TSX: CKI CKI.DB.A) announced today th...
About this update from Clarke Inc.
[{"type":"text","content":"\n\n\n\n\n\nHALIFAX, Jan. 8, 2013 /CNW/ - Clarke Inc. (\"Clarke\") (TSX: CKI CKI.DB.A)\n announced today that it is extending the date for delivery of proxies\n for its upcoming meeting (the \"Meeting\") of holders\n (\"Debentureholders\")  of its 6.00% convertible unsecured subordinated\n debentures due December 31, 2013 (the \"Debentures\") and rescheduling\n the Meeting originally planned for January 10, 2013. The Meeting has\n been rescheduled in order to give more time for Debentureholders to\n deliver their proxies and vote on the proposed amendments to the\n Debentures announced on November 13, 2012.\n\n\nTo date, 40% of Debentureholders have delivered proxies in respect of\n the Meeting of which, 64% have voted in favour, 35% have voted against,\n and 1% have withheld their votes for the proposed amendments to the\n Debentures. Management encourages those who have not submitted their\n votes to vote in favour of the proposed amendments to the Debentures. \n Management also encourages those Debentureholders who have voted\n against the proposed amendments to reconsider voting in favour as the\n $6 per $1000 principal amount consent fee will only be paid to those\n Debentureholders who vote in favour of the Debenture Amendments and\n soliciting dealers will only be entitled to receive the $4 per $1000\n principal amount soliciting dealer fee in respect of Debentures voted\n in favour of the proposed amendments (in each case subject to the terms\n and conditions described in the management information circular\n relating to the Meeting).\n\n\nThe Meeting is now rescheduled to be held on January 25, 2013 at 10:00 a.m. (Atlantic Daylight Time) at 6009 Quinpool Road, 9th\n Floor, Halifax, Nova Scotia B3K 5J7. Votes must be cast no later than January 23, 2013 at 10:00am in accordance with the instructions set out in the\n management information circular and related materials that were sent to\n Debentureholders in December. A copy of the management information\n circular is also available on SEDAR at www.sedar.com or at www.clarkeinc.com.\n\n\nAbout Clarke\n\n\nHalifax-based Clarke invests in a variety of private and publicly-traded\n businesses and participates actively where necessary to enhance\n performance and increase return. Clarke's securities trade on the\n Toronto Stock Exchange (CKI; CKI.DB.A); for more inf...