IBI Group reschedules special meeting of debentureholders
DateJuly 2, 2014
TORONTO – IBI Group Inc. announced today that the special meeting of holders of its 7.0% convertible unsecured subordinated debentures planned for July 7, 2014 has been rescheduled to July 16, 2014. Recent voting has been encouraging and retail bondholders are now voting in greater numbers. The Company would like to allow Shareholders more time for this process to continue.
The rescheduled meeting will be held at the offices of Dentons Canada LLP, 77 King Street West, 5th Floor, TD North Tower, Toronto-Dominion Centre, Toronto, Ontario, M5K 0A1, at 10:00 AM (Eastern Time) on July 16, 2014. The deadline for submitting proxies has been extended to 5:00 PM (Eastern time) on July 14, 2014.
The meeting has been rescheduled to allow Debentureholders additional time to deposit proxies, vote on the proposed amendments to the Debentures and elect to receive their preferred consent fee. Debentureholders who may have voted AGAINST the proposed amendments will have additional time to change their vote and submit a later dated form of proxy or voting instruction form voting FOR/Consenting to the proposed amendments by 5:00 PM (Eastern Time) on July 14, 2014.
Other than rescheduling the meeting and the deadline for submitting proxies, the Company has made no changes to the material contained in the Management Information Circular dated May 28, 2014.
For further information
IBI Group Inc.
230 Richmond Street West, 5th Floor
Toronto, ON M5V 1V6
Tel: 416-596-1930, Fax: 416-596-8024
For assistance in voting or to receive replacement proxy materials:
CST Phoenix Advisors
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