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LOGiQ Asset Management Inc. Mails Circular Supplement to Shareholders and Debentureholders Describing Revised Debenture Amendments
LOGiQ Asset Management Inc. Mails Circular Supplement to Shareholders and Debentureholders...
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[{"type":"text","content":"\n\n\n\nLOGiQ Asset Management Inc. Mails Circular Supplement to Shareholders and Debentureholders Describing Revised Debenture Amendments\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\nCanada NewsWire\nTORONTO, Nov. 17, 2017\n\n\n\nTORONTO, Nov. 17, 2017 /CNW/ - LOGiQ Asset Management Inc. (\"LOGiQ\", or the \"Company\") (TSX:LGQ) has mailed a supplement dated November 13, 2017 (the  \"Supplement\") to the Joint Management Information Circular dated October 11, 2017 (the \"Circular\") to the holders (the \"Shareholders\") of the common shares in the capital of the Company and the holders (the \"Debentureholders\") of the Company's 7.00% senior unsecured convertible debentures due June 30, 2021 (the \"Debentures\"). \n\nThe Supplement describes the revised terms of the proposed amendments to the Debentures (the \"Revised Debenture Amendments\") to be made in connection with the sale by the Company to Purpose Investments Inc. of its retail asset management business (the \"Transaction\"). The Revised Debenture Amendments resulted from discussions between the Company and certain Debentureholders and include, among other changes, an increase in the retraction price for the retraction right Debentureholders will receive if the Transaction closes to $1,010 (from $1,000) and an increase in the maximum principal amount of Debentures that the Company must redeem to $15,170,000 (from $10,113,000). \n\nAs previously announced, in order to provide Shareholders and Debentureholders the opportunity to review the Supplement and consider the Revised Debenture Amendments, the special meetings of Shareholders and Debentures (the \"Meetings\") originally scheduled for November 10, 2017 have been adjourned to December 8, 2017. Debentureholders holding a significant percentage of the Debentures have indicated that they intend to vote in favour of the Transaction and the revised Debenture Amendments at the adjourned Meetings.\n\nThe record date for the Meetings is unchanged. Shareholders and Debentureholders of record on October 4, 2017 were mailed the Supplement and wi...