The total number of Cervus shares represented by Cervus shareholders present in person (virtually) or represented by proxy at the Special Meeting was 10,746,469, representing approximately 69.48% of the issued and outstanding Cervus shares as at
The Arrangement Resolution required the approval of not less than two-thirds of the votes cast in person (virtually) or by proxy by Cervus shareholders at the Special Meeting. Details on the voting results at the Special Meeting are as follows:
Votes For | Votes For % | Votes Withheld/Against | Votes Withheld/Against % |
10,488,003 | 97.66% | 251,739 | 2.34% |
The completion of the Transaction remains subject to approval of the
For further details regarding the terms of the Arrangement Agreement and the Transaction, please refer to the management information circular of Cervus dated
About
Cervus is a leading equipment solutions provider to customers in agriculture, transportation, and industrial markets across
Forward-Looking Information
Certain statements included in this press release may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases which state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur", "be achieved", or other similar expressions of future or conditional verbs.
More particularly and without limitation, this press release contains forward-looking statements and information regarding the completion of the Arrangement and the timing of its completion, as well as the satisfaction of conditions for closing which include, without limitation, the requisite regulatory and court approvals and the satisfaction of conditions precedent. There can be no assurance that the Arrangement will be completed as proposed, or at all.
Forward-looking statements are based on certain current expectations, estimates, projections, and assumptions of the Company, including, without limitation, (i) with respect to the completion of the Arrangement, and (ii) with respect to the ability of the Company to receive, in a timely manner, the requisite regulatory and court approvals and satisfy, in a timely manner, all conditions precedent to the closing of the Arrangement. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements also necessarily involve known and unknown risks, including, without limitation, (i) risks associated with the delay or failure to receive regulatory and court approvals with respect to the Arrangement, (ii) the Arrangement not proceeding, and (iii) such other risks identified in the Information Circular. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof, and thus are subject to change hereafter. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters referred to above and elsewhere in the Company's public filings.
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