BBTV Holdings Announces Timing of AGM and No Need for Approval of Restricted Share Resolution by Shareholders
BBTV Holdings Inc. (OTCQX: BBTVF) will hold its Annual General and Special Meeting of Shareholders virtually on June 30, 2021, at 1 PM Pacific time. The proposed Shareholder Resolution to change the name of common shares to Multiple Voting Shares and create Subordinate Voting Shares has been withdrawn as exemptive relief is no longer needed under the Restricted Share Rules. Shareholders of record as of May 3, 2021, can attend and vote. More information is available on the SEDAR and BBTV's website.
- The company retains the ability to structure its shares without needing additional regulatory relief.
- The AGM provides an opportunity for shareholders to engage with the company's leadership.
- Withdrawal of the Shareholder Resolution may indicate prior uncertainty in share structuring.
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VANCOUVER, BC, June 9, 2021 /PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) (OTCQX: BBTVF) ("BBTV" or the "Company") is pleased to announce it will hold its Annual General and Special Meeting of Shareholders (the "Meeting") virtually on Wednesday June 30, 2021 at 1pm Pacific time.
The resolution proposed to be passed at the Meeting to ratify the change of name of common shares of the Company to Multiple Voting Shares and to ratify the creation of Subordinate Voting Shares (the "Shareholder Resolution") has been withdrawn. The Shareholder Resolution was originally sought by the Company as part of a proposed process to apply for exemptive relief under Part 12 of National Instrument 41-101 – General Prospectus Requirements and Ontario Securities Commission Rule 56-501 – Restricted Securities (together, the "Restricted Share Rules") which regulate the creation and distribution of "restricted shares" as defined in Rule 56-501. Subsequently, the Company has determined that exemptive relief is not required under the Restricted Share Rules and has withdrawn the Shareholder Resolution. The Shareholder Resolution will no longer be voted upon at the Meeting.
A copy of the Company's Information Circular is available:
- under the Company's profile on SEDAR at www.sedar.com
- on the BBTV website at https://investors.bbtv.com/governance/shareholder-meetings/default.aspx
- and is being sent to Shareholders of record as of May 3, 2021. Holders of both Subordinate Voting Shares and Multiple Voting Shares as of May 3, 2021 are entitled to attend and vote at the Meeting.
About BBTV
BBTV is a global media and technology company headquartered in Vancouver, Canada. The Company's mission is to help content creators become more successful. With creators ranging from individuals to global media brands, BBTV provides a comprehensive, end-to-end solution to increase viewership and drive revenue powered by its innovative technology, while allowing creators to focus on their core competency – content creation. In January 2021, BBTV had the second most unique monthly viewers among digital platforms with more than 600 million globally, who consumed more than 50 billion minutes of video content, the most among media companies1. (www.bbtv.com)
1 Comscore's "Top 12 Countries = January 2021 comScore Video Metrix Media Trend – Multi-Platform – Top 100 Video Properties Report"; Top 12 countries represent ~
For further information
Media Relations
Dan Gamble
Head of PR & Corporate Communications
778-873-0422
dgamble@bbtv.com
Investor Relations
ir@bbtv.com
Ron Shuttleworth
Partner
Oak Hill Financial Inc
(647)–500–7371
rshuttleworth@oakhillfinancial.ca
BBTV-C
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SOURCE BBTV Holdings Inc.
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