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Equitable Announces Two for One Split of its Common Shares
Equitable Announces Two for One Split of its Common Shares Canada NewsWire ...
About this update from Eqb Inc
[{"type":"text","content":"\n \n \n \n Equitable Announces Two for One Split of its Common Shares\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Oct. 5, 2021\n \n /CNW/ - Equitable Group Inc. (TSX: EQB) (TSX: EQB.PR.C), (the \"Company\") is pleased to announce that the resolution placed in front of shareholders at the special meeting held earlier today, which was to amend the articles of the Company to effect a two-for-one share split, has been passed (the \"Share Split\"). The Share Split received 99.99 percent approval. Final voting results on all matters voted on at the special meeting will be filed on SEDAR (\n \n www.sedar.com\n \n ).\n \n \n \n \n \n \n \n \n \n After consideration, the Company's board of directors has decided to proceed with the two-for-one Share Split, and the Company will proceed to file articles of amendment under the\n \n Business Corporations Act\n \n (\n \n Ontario\n \n ) to effect the Share Split.\n \n \n The Share Split will be implemented by way of a subdivision whereby shareholders receive one additional share for each share held. The Share Split will not impact a shareholder's proportionate interest in the Company. All future dividends declared by the Company will reflect the Share Split.\n \n \n \"We are pleased that both our shareholders and our board have approved the share split,\" said\n \n \n Chadwick Westlake\n \n \n ,\n \n Chief Financial Officer\n \n of the Company. \"This encourages greater market liquidity and wider distribution of our common shares among a broader investor base.\"\n \n \n Shareholders of record as of the close of business on\n \n October 15, 2021\n \n (the \"Record Date\") will receive from Computershare Investor Services Inc. (\"Computershare\"), the Company's registrar and transfer agent, on\n \n October 25, 2021\n \n (the \"Payment Date\") one additional common share for every one common share held. As at the close of markets on\n \n October 5, 2021\n \n , the Company had 17,014,633 common shares issued and outstanding. Adjusting for the Share Split, as of\n \n Octob...