Business
The Joyce Group Issues Early Warning Report and Reiterates Support for Business Transformation Plan
The Joyce Group Issues Early Warning Report and Reiterates Support for Business Transform...
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[{"type":"text","content":"\n \n \n \n The Joyce Group Issues Early Warning Report and Reiterates Support for Business Transformation Plan\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n ,\n \n April 12, 2021\n \n /CNW/ - Halcyon International Limited (formerly Jetport Inc.) (\"\n \n Halcyon\n \n \") and The Joyce Family Foundation (the\n \n \"Foundation\n \n \") announce today that, effective\n \n April 8, 2021\n \n , Halcyon acquired 1,000,000 trust units (\"\n \n Units\n \n \") of Artis Real Estate Investment Trust (\"\n \n Artis\n \n \") from the Foundation. The transaction between the two entities was conducted for investment purposes. The Ronald V. Joyce Alter Ego Trust No. 3 (the \"\n \n Trust\n \n \"), Halcyon, the Foundation,\n \n Steven Joyce\n \n and the Steven Wade Joyce Family Trust (collectively, the \"\n \n Joyce Group\n \n \") are joint actors.\n \n \n The 1,000,000 Units acquired by Halcyon represent approximately 0.75% of the 133,593,711 Units issued and outstanding as at\n \n March 15, 2021\n \n (as reported in Artis' Monthly Cash Distribution Announcement dated\n \n March 15, 2021\n \n ). The transaction was undertaken at a price of\n \n $10.99\n \n per Unit for a total purchase price of\n \n $10,990,000\n \n through the facilities of the Toronto Stock Exchange.\n \n \n \n \"\n \n It takes a strong, independent Board to take an innovative and visionary approach on behalf of its owners, which I believe Artis' trustees have demonstrated and will drive value for Artis' unitholders over the long term, said\n \n Steven Joyce\n \n , CEO of Halcyon. \"Our family looks forward to a continued collaborative relationship with the board and management at Artis and to the value creation it aspires to achieve.\"\n \n \n \n \n \n Ronald V. Joyce\n \n , who previously beneficially owned or controlled holdings in Artis passed away on\n \n January 31, 2019\n \n . As a consequence of the death of Mr. Joyce, prior to the transac...