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Tervita Corporation and SECURE Energy Services Inc. Announce Receipt of Securityholder Approval for the Arrangement
Tervita Corporation and SECURE Energy Services Inc. Announce Receipt of Securityholder Ap...
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[{"type":"text","content":"\n \n \n \n Tervita Corporation and SECURE Energy Services Inc. Announce Receipt of Securityholder Approval for the Arrangement\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 CALGARY, AB,\n \n June 15, 2021\n \n /CNW/ - SECURE Energy Services Inc. (\"SECURE\") (TSX: SES) and Tervita Corporation (\"Tervita\") (TSX: TEV) are pleased to announce that Tervita securityholders and SECURE shareholders have voted to support the proposed acquisition by SECURE of all the issued and outstanding common shares of Tervita by way of a plan of arrangement under the\n \n Business Corporations Act\n \n (\n \n Alberta\n \n ) (the \"Arrangement\"), as previously announced on\n \n March 9, 2021\n \n .\n \n \n On\n \n June 15, 2021\n \n , Tervita and SECURE held separate special meetings of their securityholders and shareholders, respectively, via live webcast. Tervita's securityholders and SECURE's shareholders, respectively, voted on resolutions in connection with the Arrangement as more particularly described in the Joint Management Information Circular of SECURE and Tervita dated\n \n May 6, 2021\n \n (the \"Information Circular\").\n \n \n \n At the SECURE special meeting, the resolution authorizing the issuance of common shares of SECURE, as set out as Appendix \"B\" to the Information Circular, was approved by 99.94% of the votes cast by the SECURE common shareholders.\n \n \n At the Tervita special meeting, the resolution approving the Arrangement, as set out as Appendix \"A\" to the Information Circular, was approved by 99.99% of the votes cast by the Tervita common shareholders, and 99.99% of the votes cast by the Tervita common shareholders, holders of options to acquire common shares of Tervita, holders of restricted share units of Tervita, and holders of performance share units of Tervita, voting together as a single class.\n \n \n \n The completion of the Arrangement remains subject to the granting of the final order by the Court of Queen's Bench of\n \n Alberta\n \n , and the receipt of all necessary regulatory approvals as s...