Altius Renewable Royalties Corp. Announces Completion of Plan of Arrangement with Northampton
Altius Renewable Royalties Corp. (ARR) has completed its previously announced plan of arrangement with Royal Aggregator LP, an affiliate of Northampton Capital Partners Under the arrangement, Northampton acquired all outstanding common shares of ARR at C$12.00 per share in cash, except for approximately 57% (17,937,339 shares) owned by Altius Minerals
Following the arrangement's completion, ARR's common shares are expected to be delisted from the Toronto Stock Exchange within three business days and will no longer be quoted on the OTCQX. The company plans to apply to cease being a reporting issuer under Canadian securities laws.
Altius Renewable Royalties Corp. (ARR) ha completato il piano di accordo precedentemente annunciato con Royal Aggregator LP, un affiliato di Northampton Capital Partners. Nell'ambito dell'accordo, Northampton ha acquisito tutte le azioni ordinarie in circolazione di ARR a C$12,00 per azione in contante, ad eccezione di circa il 57% (17.937.339 azioni) possedute da Altius Minerals.
Dopo il completamento dell'accordo, si prevede che le azioni ordinarie di ARR vengano rimosse dalla Borsa di Toronto entro tre giorni lavorativi e non saranno più quotate sull'OTCQX. La società ha in programma di richiedere la cessazione della qualifica di emittente soggetto a rapporto secondo le leggi canadesi sui titoli.
Altius Renewable Royalties Corp. (ARR) ha completado su plan de arreglo previamente anunciado con Royal Aggregator LP, una filial de Northampton Capital Partners. En virtud del acuerdo, Northampton adquirió todas las acciones ordinarias en circulación de ARR a C$12.00 por acción en efectivo, excepto aproximadamente el 57% (17,937,339 acciones) que son propiedad de Altius Minerals.
Tras la finalización del acuerdo, se espera que las acciones comunes de ARR sean deslistadas de la Bolsa de Toronto en un plazo de tres días hábiles y ya no se cotizarán en el OTCQX. La empresa planea solicitar la cesación de ser un emisor sujeto a informes conforme a las leyes de valores canadienses.
알티우스 재생 가능 로열티 주식회사 (ARR)는 로얄 애그리게이터 LP와의 이전에 발표된 정리 계획을 완료했습니다. 이는 노샘프턴 캐피탈 파트너스의 제휴사입니다. 이 정리 계획에 따라, 노샘프턴은 ARR의 모든 유통 보통주를 주당 C$12.00 현금으로 인수했으며, 이는 알티우스 미네랄스가 소유한 약 57% (17,937,339주)를 제외한 수치입니다.
정리 완료 후, ARR의 보통주는 3영업일 이내에 토론토 증권거래소에서 상장 폐지될 것으로 예상되며, OTCQX에서 더 이상 인용되지 않을 것입니다. 회사는 캐나다 증권법에 따라 보고 의무가 있는 발행자 지위를 종료하기 위해 신청할 계획입니다.
Altius Renewable Royalties Corp. (ARR) a finalisé son plan d'arrangement précédemment annoncé avec Royal Aggregator LP, une filiale de Northampton Capital Partners. Dans le cadre de l'arrangement, Northampton a acquis toutes les actions ordinaires en circulation d'ARR à 12,00 C$ par action en espèces, sauf environ 57 % (17 937 339 actions) détenues par Altius Minerals.
Après l'achèvement de l'arrangement, les actions ordinaires d'ARR devraient être retirées de la Bourse de Toronto dans les trois jours ouvrables et ne seront plus cotées sur l'OTCQX. La société prévoit de demander à cesser d'être un émetteur assujetti aux lois sur les valeurs mobilières canadiennes.
Altius Renewable Royalties Corp. (ARR) hat seinen zuvor angekündigten Arrangementsplan mit Royal Aggregator LP, einem Unternehmen von Northampton Capital Partners, abgeschlossen. Im Rahmen des Arrangements erwarb Northampton alle ausstehenden Stammaktien von ARR zu C$12,00 pro Aktie in bar, mit Ausnahme von etwa 57% (17.937.339 Aktien), die von Altius Minerals gehalten werden.
Nach Abschluss des Arrangements wird erwartet, dass die Stammaktien von ARR innerhalb von drei Geschäftstagen von der Toronto Stock Exchange abgezogen werden und nicht mehr im OTCQX notiert sind. Das Unternehmen plant, einen Antrag zu stellen, um die Berichterstattungspflicht gemäß den kanadischen Wertpapiergesetzen zu beenden.
- Shareholders receive C$12.00 cash per share through the acquisition
- Transaction provides immediate liquidity for shareholders
- Delisting from Toronto Stock Exchange and OTCQX
- Loss of public trading status as company ceases to be a reporting issuer
NOT FOR DISTRIBUTION TO
ST. JOHN’S,
Shareholders who hold their Common Shares in registered form will receive payment of the Arrangement Consideration following the deposit of their duly completed letter of transmittal, their Common Share certificates(s), if applicable, and other relevant documents with TSX Trust Company, the depositary for the Arrangement, in accordance with the instructions contained in the letter of transmittal previously distributed to registered shareholders. Additional copies of the letter of transmittal may be obtained from the depositary at its office located at Suite 301, 100 Adelaide Street West,
As a result of the completion of the Arrangement, the Common Shares are expected to be delisted from the Toronto Stock Exchange within three business days of closing and no longer quoted on the OTCQX shortly thereafter. The Company intends to submit an application to the applicable securities regulators to cease to be a reporting issuer under applicable Canadian securities laws.
About ARR
ARR is a renewable energy royalty company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 35 renewable energy royalties representing approximately 2.9 GW of renewable power on operating projects and an additional approximate 5.3 GW on projects in construction and development phase, across several regional power pools in the
About
Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. This information includes, but is not limited to, statements concerning the expected timing for the Company’s delisting from the TSX and OTCQX and the Company’s intention to apply to cease to be a reporting issuer. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Forward-looking information in this news release includes, among other things, statements relating to the transaction and timing for completion of the transaction. Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that the Company considered appropriate and reasonable as of the date such statements are made in light of its experience, current conditions and expected future developments, including assumptions: that any conditions precedent to the closing of the transaction can be satisfied, and that there will be no undue delays with respect to the transaction.
Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to management of the Company or that it presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, shareholders should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents the Company’s expectations as of the date of this news release (or as the date they are otherwise stated to be made) and is subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241204382925/en/
For further information, please contact:
Flora Wood
Email: Flora@arr.energy
Tel: 1.877.576.2209
Direct: +1.416.346.9020
Ben Lewis
Email: Ben@arr.energy
Tel: +1.877.576.2209
Don McCarthy
Email: dmccarthy@northamptonllc.com
Partner, Chief Operating Officer & Chief Compliance Officer
Christine McCartin
Email: cmccartin@northamptonllc.com
Vice President of Investor Relations
Source: Altius Renewable Royalties Corp.
FAQ
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