POWER CORPORATION OF CANADA Readers are referred to the section "Forward-Looking Statements" at the end of this release.
Additional details are disclosed in the joint announcement available at https://www.pargesa.ch/titres-pargesa/exchange-offer-offre-dechange/.
As previously announced, the proposed transaction, once completed, will simplify the group structure as Pargesa shareholders will receive shares of Groupe Bruxelles Lambert ("GBL") pursuant to the offer.
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This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any securities. The exchange offer described in this press release is not addressed to shareholders of Pargesa whose place of residence is in
Forward-Looking Statements
Certain statements in this news release, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect PCC's current expectations. Forward-looking statements are provided to present information about management's current expectations and plans relating to the future and the reader is cautioned that such statements may not be appropriate for other purposes. These statements may include, without limitation, statements regarding the simplification of the group structure and ownership interest of
By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, many of which are beyond PCC's control, affect the operations, performance and results of PCC and its subsidiaries and businesses, and could cause actual results to differ materially from current expectations of estimated or anticipated events or results. These factors include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in
The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, that the required acceptances and approvals for the proposed transaction will be received, as well as other considerations that are believed to be appropriate in the circumstances, including that the list of factors in the previous paragraph, collectively, are not expected to have a material impact on PCC and its subsidiaries. While PCC considers these assumptions to be reasonable based on information currently available to management, they may prove to be incorrect.
Other than as specifically required by applicable Canadian law, PCC undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
Additional information about the risks and uncertainties of PCC's business and material factors or assumptions on which information contained in forward-looking statements is based is provided in its disclosure materials, including PCC's most recent Management's Discussion and Analysis and Annual Information Form filed with the securities regulatory authorities in
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