Business
DHX Media announces results of special meeting of shareholders
- All Resolutions Passed - HALIFAX , Sept. 30, 2014 /CNW/ - DHX Media Ltd. ("DHX" ...
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[{"type":"text","content":"\n\n\n- All Resolutions Passed -\n\n\nHALIFAX, Sept. 30, 2014 /CNW/ - DHX Media Ltd. (\"DHX\" or the \"Company\")\n (TSX: DHX), a key player internationally in the creation of content for\n families and children, announced today the voting results from its\n special meeting (the \"Meeting\") of the shareholders held September, 30,\n 2014. Shareholders voted in favour of all items of business before the\n meeting, which related primarily to instituting a new share structure\n to ensure adherence to the Canadian control requirements of the\n Broadcasting Act following the Company's closing of the Family Channel\n assets, as well as re-approval of the Company's existing options plan. \n Here follows a summary of the resolutions:\n\n\n1)     Motion to adopt a special resolution to approve an amendment to the\n Articles of the Company in order to create three new classes of shares,\n the Variable Voting Shares, the Common Voting Shares and Non-Voting\n Shares:\n\n\n\n\nVotes for\n\n\nPercentage for\n\n\n\n\n68,279,505\n\n\n72.26%\n\n\n\n\n\n\n\nWith the adoption of the special resolution, the Company expects to file\n Articles of Amendment on October 6, 2014, at which time each\n outstanding Common Share which is not owned and controlled by a\n Canadian for the purposes of a direction made under the Broadcasting\n Act (Canada) (the \"Broadcasting Act\") will be converted into one\n Variable Voting Share; and each outstanding Common Share which is owned\n and controlled by a Canadian for the purposes of a direction made under\n the Broadcasting Act will be converted into one Common Voting Share.\n The conversion of the outstanding Common Shares will be reflected in\n Shareholder holdings after October 6, 2014. Conversions will be\n automatic and no action by shareholders is required, however\n shareholders may be contacted by their intermediary or the transfer\n agent to confirm status as a Canadian or a non-Canadian. The Variable\n Voting Shares and the Common Voting Shares have been conditionally\n approved for listing on the Toronto Stock Exchange, and are expected to\n commence trading under the symbols DHX.A and DHX.B, respectively, in\n October. All unissued Common Shares of the Company will be canceled. A\n new class of Non-Voting Shares that carry the same rights as the Common\n Voting Shares and ...