finanzen.net
11.01.2019 23:23
Bewerten
(0)

Manitex Capital Inc. declares a dividend-in-kind of shares of Valeo Pharma Inc.

DRUCKEN

KIRKLAND, QC, Jan. 11, 2019 /CNW Telbec/ - Manitex Capital Inc. ("Manitex") is pleased to announce that its board of directors has declared a special dividend-in-kind (the "Dividend") of 1,256,127 common shares of Valeo Pharma Inc., ("Valeo") held by Manitex. The Dividend has a deemed price of $0.40 per Valeo Share and is payable on, or about, February 1, 2019 to holders of record of common shares of Manitex ("Manitex Shares") at the close of business on January 22, 2019 (the "Record Date").

The Dividend will be distributed on a pro rata basis. Based upon the number of Manitex Shares currently outstanding, and ignoring the effect of rounding for fractional interests, one Valeo Share will be paid under the Dividend for every ten Manitex Shares (or 0.1 Valeo Share per Manitex Share) held on the Record Date.

The distribution of the Valeo Shares forming the Dividend is exempt from the prospectus requirement pursuant to Regulation 45-106. After distribution of the Dividend, Manitex will continue to hold 20,138,908 Valeo Shares.

The Dividend is an "eligible dividend" for the purposes of the Income Tax Act (Canada) and corresponding provincial legislation and therefore the dividend will be taxable in the hands of Manitex shareholders. Manitex shareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors or contact their local office of the Canada Revenue Agency and, where applicable, the provincial taxation authorities.

Valeo received a final receipt from the securities regulators for its non-offering prospectus on December 27, 2018. A copy of the prospectus is available under Valeo's profile on SEDAR (). Valeo has applied for listing of its Class "A" shares on the Canadian Securities Exchange (the "CSE") ". Listing of the Valeo Shares will be subject to the corporation fulfilling all of the listing requirements of the CSE.

For more details on Valeo Pharma Inc., please consult the issuer's profile on SEDAR at .

The distribution of the Dividend is subject to final acceptance by the TSX Venture Exchange.

Caution regarding forward-looking statements

This news release may contain certain forward-looking statements regarding the Company's expectations for future events. Such expectations are based on certain assumptions that are founded on currently available information. If these assumptions prove incorrect, actual results may differ materially from those contemplated by the forward-looking statements contained in this press release. Factors that could cause actual results to differ include, amongst others, uncertainty as to the final result and other risks. The Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by security laws.

About Valeo Pharma

Valeo Pharma is a specialty pharmaceutical company dedicated to the approval and launch of innovative prescription products in Canada. With a focus on neurodegenerative diseases, woman's health and rare diseases, Valeo Pharma has a growing portfolio of innovative products and a platform to properly manage these products through all stages of commercialization. Headquartered in Kirkland, Quebec, Valeo Pharma has all capabilities internally to register and market health care solutions for Canadian patients. For more information, please visit .

About Manitex Capital Inc.

Manitex Capital Inc. invests in promising emerging companies in diversified sectors including life sciences, cleantech and sustainable products/technologies. Manitex provides its portfolio companies with specialized corporate finance and advisory services including corporate strategy, mergers and acquisitions, public markets access and financing. Common shares of the company are listed on the TSX Venture Exchange, trading symbol MNX.V.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

 

SOURCE Manitex Capital Inc.

Anzeige
Anzeige
Börse Stuttgart Anlegerclub

Fünf deutsche Internet-Aktien, die Sie kennen sollten!

Das Gute liegt oft so nah. Heimische Internet-Unternehmen rollen den Markt auf. Im neuen Anlegermagazin erwartet Sie ein Special über deutsche Internet-Aktien, die Sie kennen sollten.
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX schließt leichter -- Hedgefonds Elliott erhöht Druck auf eBay -- ZEW-Index steigt -- Dürre belastete K+S-Ergebnis -- Linde, HUGO BOSS, LANXESS im Fokus

Pompeo in Videoleitung optimistisch zu Handelsgesprächen mit China. TomTom verkauft Telematik-Sparte an Bridgestone. easyJet legt Notfallplan für Brexit vor. EU-Kommission verhängt 570 Millionen Euro Strafe gegen MasterCard. Tilray kauft Natura Naturals. US-Versicherer Travelers steigert Gewinn nach Katastrophenjahr kräftig.

Die 5 beliebtesten Top-Rankings

Erster Job
Wo Absolventen am meisten Geld verdienen
Abschlüsse der DAX-Chefs
Diese Studiengänge haben die DAX-Chefs absolviert
Die Performance der DAX 30-Werte in 2018.
Welche Aktie macht das Rennen?
Das sind die reichsten Länder Welt 2018
USA nicht mal in den Top 10
Die Performance der Rohstoffe in in 2018.
Welcher Rohstoff macht das Rennen?
mehr Top Rankings

Umfrage

Glauben Sie, dass es noch zu einem geordneten Brexit kommen wird?

finanzen.net Brokerage

Online Brokerage über finanzen.net

Das Beste aus zwei Welten: Handeln Sie für nur 5 Euro Orderprovision* pro Trade unmittelbar aus der Informationswelt von finanzen.net!
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Deutsche Bank AG514000
Wirecard AG747206
Daimler AG710000
Amazon906866
Apple Inc.865985
CommerzbankCBK100
Aurora Cannabis IncA12GS7
BASFBASF11
TeslaA1CX3T
Deutsche Telekom AG555750
EVOTEC AG566480
SteinhoffA14XB9
Allianz840400
Henkel KGaA Vz.604843
Siemens AG723610