Business
Invesque Inc. Announces Special Business to be Considered at Annual and Special Meeting
Invesque Inc. Announces Special Business to be Considered at Annual and Special Meeting ...
About this update from Invesque Inc
[{"type":"text","content":"\n\n\n\n Invesque Inc. Announces Special Business to be Considered at Annual and Special Meeting\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\n TORONTO\n \n\n ,\n \n\n May 20, 2025\n \n\n /CNW/ - Invesque Inc. (the \"\n \n Corporation\n \n \" or \"\n \n Invesque\n \n \") (TSX: IVQ) (TSX: IVQ.U) today announced that, at its annual and special meeting of shareholders scheduled to be held on\n \n June 18, 2025\n \n (the \"\n \n Meeting\n \n \"), in addition to the election of its Board of Directors (the \"\n \n Board\n \n \") and appointment of KPMG as auditor of the Corporation, shareholders will be asked to consider a special resolution to approve the sale or lease of all or substantially all of the assets of the Corporation in one or more transactions, including by way of asset sales or leases, the sale of equity of one or more subsidiaries, merger, business combination or other similar transactions on such terms and conditions as are approved by the Board of the Corporation from time to time, as more particularly described in the Management Information Circular (the \"\n \n Circular\n \n ) that will be mailed to all shareholders on or around\n \n May 22, 2025\n \n . Although this special resolution, if passed, will permit the Corporation to sell or lease all or substantially all of its assets at the Board's discretion, the Corporation has not entered into any definitive agreement to that effect and will not be required to sell or lease any of its assets.\n \n\n Shareholders will be also asked to consider a special resolution to approve a reduction in capital in respect of the common shares of the Corporation by an aggregate amount of up to\n \n $183,000,000\n \n , for the purposes of effecting returns of capital by way of special distributions of cash to the Corporation's shareholders. Returns of capital could allow the Corporation to return on a tax efficient basis to shareholders any remaining proceeds of asset divestitures following the repayment of indebtedness. Although the Board would have, following the passing of such r...