Business
Western Forest Products Inc. Announces Effective Date of Share Consolidation
VANCOUVER, British Columbia, July 24, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:...
About this update from Western Forest Products Inc.
[{"type":"text","content":"Western Forest Products Inc. Announces Effective Date of Share Consolidation\n\n\n\n VANCOUVER, British Columbia, July 24, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that, further to its news release dated July 1, 2025, the effective date for the consolidation of the Company’s common shares on the basis of one (1) post-consolidation common share for every 30 pre-consolidation common shares (“Share Consolidation”) is July 24, 2025.\n \n\n The Toronto Stock Exchange (“TSX”) has approved the Share Consolidation, and the Company’s common shares are expected to commence trading on the TSX on a post-Share Consolidation basis at market opening on July 28, 2025.\n \n\n The common shares will continue to be listed on the TSX under the symbol “WEF” on a post-consolidation basis under a new CUSIP and new ISIN. No fractional common shares will be issued as a result of the Share Consolidation. Any fractional interest in common shares that is less than 0.5 of a common share resulting from the Share Consolidation will be rounded down to the nearest whole common share, and any fractional interest in common shares that is equal to or greater than 0.5 of a common share will be rounded up to the nearest whole common share.\n \n\n As a result of the Share Consolidation the number of issued and outstanding common shares of the Company will be reduced from 316,745,557 pre-consolidation common shares to approximately 10,558,185 post-consolidation common shares, subject to adjustments for rounding. Proportionate adjustments have been made to the Company’s outstanding stock options and exercise prices, restricted share units, performance share units and deferred share units in accordance with the terms and conditions of the respective plans under which they were issued.\n \n\n Computershare Investor Services Inc. (“Computershare”), the Company’s transfer agent, will act as the exchange agent for the Share Consolidation. The Company’s registered shareholders holding their common shares in certificated form will receive a letter of transmittal from Computershare in respect to the Share Consolidation, which each registered shareholder will need to sign and complete. If...