Business
Nutrien Announces Proposed Placement of SQM Series B Shares in an Auction Process on the Santiago Stock Exchange
Nutrien Announces Proposed Placement of SQM Series B Shares in an Auction Process on the S...
About this update from Nutrien Ltd.
[{"type":"text","content":"\n\n\n\nNutrien Announces Proposed Placement of SQM Series B Shares in an Auction Process on the Santiago Stock Exchange\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\nCALGARY, May 29, 2018\n\n\n\nNYSE, TSX: NTR\n\n\n\nCALGARY, May 29, 2018 /CNW/ - Nutrien Ltd. (\"Nutrien\") announces its intention to conduct a placement of up to all of its 20,166,319 Series B common shares in Sociedad Química y Minera de Chile S.A. (\"SQM\") to Chilean investors, certain other non-U.S. persons and to qualified institutional buyers (\"QIBs\") within the meaning of Rule 144A under the U.S. Securities Act of 1933, as amended (the \"Securities Act\"). The Placement is being conducted through a bookbuild auction on the Santiago Stock Exchange in a process known as subasta de libro de ordenes, in compliance with Chilean law and the rules of the Santiago Stock Exchange. The price and allocations resulting from the auction are expected to be announced by the Santiago Stock Exchange before trading of SQM shares commences in Santiago on June 1, 2018.\n\nNutrien does not intend to make sales to any person that, after giving effect to the offering, together with its affiliates, will become a beneficial owner of more than 5 percent of the outstanding equity securities of SQM. By participating in the offering, each purchaser of Series B common shares is deemed to represent and warrant to Nutrien that, immediately after giving effect to the offering, neither it nor any of its affiliates (acting alone or as a part of any group (within the meaning of Section 13(d) of the U.S. Securities Exchange Act of 1934, as amended (the \"Exchange Act\")) will (1) become a beneficial owner (as defined pursuant to Rule 13d-3 or Rule 13d-5 under the Exchange Act) of more than 5 percent of the outstanding equity securities of SQM as of the date of the offering or (2) be required to file a Schedule 13D or Schedule 13G with the U.S. Securities and Exchange Commission.\n\nThis announcement does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any ...