In accordance with the terms and conditions of the Offer, and based on the preliminary calculations from
The full details of the Offer are described in the offer to purchase and issuer bid circular dated
13,247,042 Class B Non-Voting Shares were validly tendered and were not withdrawn pursuant to the Offer. Since the Offer was oversubscribed, it is expected that shareholders who made auction tenders at or below the Purchase Price and shareholders who made purchase price tenders will have the number of Class B Non-Voting Shares purchased by
After giving effect to the Offer,
The number of Class B Non-Voting Shares to be purchased, the proration factor and the Purchase Price referred to above are preliminary, remain subject to verification by the Depositary and assume that all Class B Non-Voting Shares tendered through notice of guaranteed delivery will be delivered within the two trading day settlement period. Upon take up and payment of the Class B Non-Voting Shares purchased,
Tax Information
To assist shareholders in determining the tax consequences of the Offer,
The "specified amount" of each Class B Non-Voting Share (for purposes of subsection 191(4) of the Income Tax Act (
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell AGF’s Class A Shares or Class B Non-Voting Shares.
About
Founded in 1957,
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS – Certain statements in this press release about the Offer, including the actual number of Class B Non-Voting Shares to be taken up and paid for in connection with the Offer, the purchase price, the proration factor and the number of Class B Non-Voting Shares expected to be issued and outstanding after the completion of the Offer, and other statements that are not historical facts, constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. The words "may", "will", "would", "should", "could", "expects", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "predicts", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct or that the Company's expectations regarding this Offer or the Company's actual results, level of activity, performance or achievements or future events or developments will be achieved. Many factors could cause the Company's expectations regarding the Offer or the Company's actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements. Further details and descriptions of these and other factors are disclosed in the offer to purchase and in AGF’s management’s discussion and analysis dated
The purpose of the forward-looking statements is to provide the reader with a description of management's expectations and may not be appropriate for other purposes; readers should not place undue reliance on forward-looking statements made herein. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as of the date hereof, and the Company has no intention and undertakes no 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. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Further details and descriptions of these and other factors are disclosed in the Offer and in
AGF MANAGEMENT LIMITED SHAREHOLDERS, ANALYSTS AND MEDIA, PLEASE CONTACT:
Senior Vice-President and Chief Financial Officer 416-865-4203, InvestorRelations@agf.com
Vice-President, Finance
416-865-4228, InvestorRelations@agf.com
Source: Société de Gestion AGF
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