Business
IDC Announces Consolidation of Common Shares and Amendment to Stock Option Plan
(TheNewswire) Toronto, Ontario – TheNewswire - October 28,...
About this update from Imaging Dynamics Company, Ltd.
[{"type":"text","content":"IDC Announces Consolidation of Common Shares and Amendment to Stock Option Plan\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Toronto, Ontario –\n \n \n TheNewswire -\n \n \n October 28,\n2021\n \n \n – Imaging Dynamics Company Ltd.\n(“\n \n \n IDC\n \n \n ” or the “\n \n \n Company\n \n \n ”) (TSXV:IDL)\n \n \n is pleased to announce that the Company has received TSX Venture\nExchange (the “\n \n \n Exchange\n \n \n ”) approval for the consolidation of\nits outstanding common shares on the basis of one (1)\npost-consolidated common share for every twenty (20) pre-consolidated\ncommon shares held (the “\n \n \n Consolidation\n \n \n ”). Further information in\nrespect of the Consolidation is provided in the Company’s management\ninformation circular dated as of August 11, 2021, a copy of which is\navailable on SEDAR at\n \n \n www.sedar.com\n \n \n .\n \n \n \n \n Effective as at the opening of trading on November 2,\n2021, the consolidated common shares of the Company will commence\ntrading on the Exchange.\n \n \n \n \n A letter of transmittal with respect to the\nConsolidation has been mailed to registered shareholders of the\nCompany.  All registered shareholders with physical certificates are\nrequired to send their respective certificates representing\npre-consolidated common shares along with a completed letter of\ntransmittal to the Company’s transfer agent, Computershare Trust\nCompany of Canada (“\n \n \n Computershare\n \n \n ”), in accordance with the\ninstructions provided in the letter of transmittal, in order to\nreceive post-consolidated physical share certificates. No action is\nrequired by non-registered shareholders (shareholders who hold their\nshares through an intermediary) to effect the Consolidation.\n \n \n \n \n Fractional post-consolidation common shares will not be\nissued to shareholders. Where the Consolidation would otherwise result\nin a shareholder being entitled to a fractional common share, the\nnumber of post-consolidation common shares issued to such shareholder\nshall be rounded down to the next greater whole number of common\nshares. In calculating such fractional interests, all common shares\nheld by a beneficial holder shall be aggregated.\n \n \n \n \n IDC further announces that...