Business
Emera Announces Changes to its Dividend Reinvestment and Share Purchase Plan
Emera Announces Changes to its Dividend Reinvestment and Share Purchase Plan
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\nOct. 9, 2009 (Canada NewsWire Group) -- HALIFAX, Oct. 9 /CNW/ -- (EMA-TSX): Emera Inc. today announced changes to its Common Shareholders Dividend Reinvestment and Share Purchase Plan (the \"Plan\") to provide for a discount of up to 5% from the average market price of Emera's common shares for common shares purchased in connection with the reinvestment of cash dividends under the Plan. The Board of Directors of Emera has decided that effective on and after the quarterly dividend payment on November 16, 2009 to shareholders of record on November 2, 2009, Emera common shares will be purchased under the Plan at a discount of 5% from their average market price (as determined under the Plan). The discount will not apply to shares purchased under the \"Optional Cash Payment\" feature of the Plan.Existing members of the Plan will automatically have the discount applied to the reinvestment of the November 16, 2009 dividend payment.Any Canadian resident who is a registered shareholder wishing to join the Plan can obtain an enrolment form from Emera's Transfer Agent, Computershare Trust Company of Canada, from their website at www.computershare.com, or by calling 1-877-982-8762. In order to join the Plan in time for the November 16, 2009 dividend, enrolment forms from registered holders must be received by Computershare Trust Company of Canada, 100 University Avenue, Toronto, Ontario M5J 2Y1 before the close of business on October 29, 2009.Canadian residents who are beneficial or non-registered shareholders must contact their financial institution or broker for instructions on how to participate in advance of the above date.Emera common shares issuable under the Plan have not been registered under the U.S. Securities Act of 1933 or under the securities laws of any U.S. state, and are not being offered for sale in the U.S. or any of its territories or possessions. U.S. persons and residents are not eligible to participate in the Plan. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the U.S., or any offer to or solicitation from any U.S. person or resident.Forward Looking InformationThis news release contains forward looking information. Actual future results may differ materially. Additional financial and operational information is filed electronically with various s...