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Solium Capital Inc. Announces Securityholder and Court Approval of Arrangement with Morgan Stanley
Solium Capital Inc. Announces Securityholder and Court Approval of Arrangement with Morgan...
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[{"type":"text","content":"\n\n\n\nSolium Capital Inc. Announces Securityholder and Court Approval of Arrangement with Morgan Stanley\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, April 15, 2019\n\n\n\nCALGARY, April 15, 2019 /CNW/ - Solium Capital Inc. (Solium or the Company) (TSX:SUM) is pleased to announce that the securityholders of Solium have voted in favour of the previously announced plan of arrangement (the Arrangement) under the Business Corporations Act (Alberta) at Solium's special meeting of securityholders held today. Pursuant to the Arrangement, Morgan Stanley, through a wholly-owned subsidiary, has agreed to acquire all of the outstanding common shares of Solium (Solium Shares) for CAD$19.15 per Solium Share.\nAt the securityholders' meeting, 99.84% of the votes cast at the meeting by holders of Solium Shares, Solium's stock options and Solium's restricted share units (collectively, the Securities), voting together as a single class, voted in favour of the Arrangement, and 99.86% of the votes cast at the meeting by holders of Solium Shares, after excluding the votes cast by those persons required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, voted in favour of the Arrangement. 76.22% of the outstanding Securities were represented at the meeting, either in person or by proxy. \nSolium is also pleased to announce that, following the meeting, it received a final order from the Court of Queen's Bench of Alberta approving the Arrangement. \nCompletion of the Arrangement is subject to various closing conditions, including the receipt of certain regulatory approvals. The Company and Morgan Stanley expect to receive such regulatory approvals before the end of this month and, if such regulatory approvals are received by such time, closing of the Arrangement is expected to occur on or about May 1, 2019. The Company has applied to de-list the Solium Shares from the Toronto Stock Exchange on the date of the closing of the Arrangement.\nSolium reminds its registered shareholders t...