Business
JEMTEC declares a one-time special dividend
TSX-V: JTC VANCOUVER , Sept. 11, 2014 /CNW/ - JEMTEC Inc. (TSX-V: JTC) ("JEMTEC" o...
About this update from Jemtec Inc.
[{"type":"text","content":"\n\n\nTSX-V: JTC\n\n\nVANCOUVER, Sept. 11, 2014 /CNW/ - JEMTEC Inc. (TSX-V: JTC) (\"JEMTEC\" or\n the \"Company\") announces that the board of directors has approved the\n payment of a one time special dividend of $0.59 per common share (the\n \"Special Dividend\"). The special dividend will be payable to\n shareholders of record as of the close of business on September 19,\n 2014 (the \"Special Dividend Record Date\"). The Special Dividend will be\n done in accordance with the applicable \"Due Bill\" trading procedures of\n the TSX Venture Exchange. The dividend will result in a distribution of\n approximately $1,465,000 of the Company's cash.\n\n\nThe Special Dividend is payable on October 2, 2014, (the \"Special\n Dividend Payment Date\") to shareholders of record on the Special\n Dividend Record Date. JEMTEC's common shares will be traded in\n accordance with the \"Due Bill\" procedures with respect to the Special\n Dividend from September 17th, 2014 until the close of trading on the\n Special Dividend Payment Date (the \"Special Dividend Due Bill Basis\n Period\"). Any trades executed on the TSX Venture Exchange during the\n Special Dividend Due Bills Basis Period will be identified to ensure\n that purchasers of JEMTEC's common shares receive entitlement to the\n Special Dividend whereby the sellers of JEMTEC's common shares during\n this Special Dividend Due Bill Basis Period will also sell their\n entitlement to the Special Dividend to the respective purchasers of\n such common shares. JEMTEC's common shares will commence trading on an\n \"ex-dividend\" basis without an attached \"Due Bill\" entitlement to the\n Special Dividend from the opening of trading on October 3rd, 2014, the\n next trading day after the Special Dividend Payment Date. The last day\n for settlement of trades executed during the Special Dividend Due Bill\n Basis Period will be October 6, 2014, which is the Special Dividend Due\n Bill redemption date.\n\n\nShareholders do not need to take any further action. JEMTEC will send to registered shareholders a cheque representing the\n Special Dividend and beneficial shareholders will have their brokerage\n accounts automatically updated to reflect the Special Dividend.\n\n\nThe Company has decided to pay a special dividend at this time after\n considering a number of factors including:\n\n\n\nThe Company is...