Business
High Liner Foods Announces Redemption of Non-Voting Equity Shares in Exchange for Common Shares
LUNENBURG, NS, Nov. 15, 2012 /CNW/ - High Liner Foods Incorporated (TSX: HLF; HLF.A) ("th...
About this update from High Liner Foods Incorporated
[{"type":"text","content":"\n\n\n\n\n\nLUNENBURG, NS, Nov. 15, 2012 /CNW/ - High Liner Foods Incorporated (TSX: HLF; HLF.A) (\"the Company\"), the leading North American value-added frozen seafood\n company, announced today that it will redeem all of its issued and\n outstanding non-voting equity shares (the \"Non-Voting Shares\") in\n accordance with the terms of the Non-Voting Shares.  Currently,\n 1,758,962 Non-Voting Shares are issued and outstanding and trade on the\n Toronto Stock Exchange under the symbol \"HLF.A\".  The redemption price\n for each Non-Voting Share shall be the issuance of one common share of\n the Company, which will trade on the Toronto Stock Exchange under the\n symbol \"HLF\".\n\n\n\"The Non-Voting Shares were required for historical reasons that are no\n longer applicable to the Company.  This redemption should simplify our\n capital structure as well as improve liquidity for all shareholders of\n the Company,\" commented Henry Demone, President and CEO.\n\n\nThe redemption of the Non-Voting Shares is expected to occur on December\n 17, 2012.  The applicable number of common shares of the Company will\n then be issued to holders of Non-Voting Shares of Record on December\n 17, 2012, and no further action is required by such shareholders.\n\n\nAbout High Liner Foods Incorporated\n\n\nHigh Liner Foods Incorporated is the leading North American processor\n and marketer of prepared, value-added frozen seafood.  High Liner's\n branded products are sold throughout the United States, Canada and\n Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and Royal Sea labels, and are available in most grocery and club stores.  The Company\n also sells its products under the High Liner, FPI, Mirabel, Viking, Icelandic Seafood, Samband of Iceland, Seastar, and Seaside brands to restaurants and institutions, and is the major supplier of\n private label seafood products to North American food retailers and\n food service distributors.  High Liner Foods is a publicly traded\n Canadian company, trading under the symbols HLF and HLF.A on the\n Toronto Stock Exchange.\n\n\nThis document contains forward-looking statements. Forward-looking\n statements can generally be identified by the use of the conditional\n tense, the words \"may\", \"should\", \"would\", \"believe\", \"plan\", \"expect\",\n \"intend\...