Givex Obtains Final Order for Proposed Arrangement with Shift4
Givex Corp (TSX: GIVX) (OTCQX: GIVXF) has received final court approval from the Ontario Superior Court of Justice for its previously announced arrangement with Shift4 Payments. Under the arrangement, Shift4 will acquire all outstanding Givex shares for $1.50 per share in cash. The transaction is expected to close around November 8, 2024, subject to customary conditions. Following completion, Givex shares will be delisted from the Toronto Stock Exchange, and the company will cease to be a reporting issuer.
Givex Corp (TSX: GIVX) (OTCQX: GIVXF) ha ricevuto l'approvazione finale del tribunale dalla Corte Superiore di Giustizia dell'Ontario per l'accordo precedentemente annunciato con Shift4 Payments. In base all'accordo, Shift4 acquisirà tutte le azioni in circolazione di Givex al prezzo di 1,50 $ per azione in contanti. Si prevede che la transazione si chiuda intorno al 8 novembre 2024, soggetta a condizioni consuete. Dopo il completamento, le azioni di Givex saranno rimosse dalla Borsa di Toronto e l'azienda cesserà di essere un emittente quotato.
Givex Corp (TSX: GIVX) (OTCQX: GIVXF) ha recibido la aprobación final por parte de la Corte Superior de Justicia de Ontario para el acuerdo previamente anunciado con Shift4 Payments. Según el acuerdo, Shift4 adquirirá todas las acciones en circulación de Givex por $1.50 por acción en efectivo. Se espera que la transacción se cierre alrededor del 8 de noviembre de 2024, sujeta a condiciones habituales. Tras la finalización, las acciones de Givex serán retiradas de la Bolsa de Valores de Toronto y la empresa dejará de ser un emisor reportante.
Givex Corp (TSX: GIVX) (OTCQX: GIVXF)는 Shift4 Payments와의 이전에 발표된 계약에 대해 온타리오 고등법원의 최종 승인을 받았습니다. 이 계약에 따라 Shift4는 현금으로 주당 1.50 달러에 Givex의 모든 미발행 주식을 인수합니다. 거래는 2024년 11월 8일경에 완료될 것으로 예상되며, 일반적인 조건이 적용됩니다. 완료 후 Givex의 주식은 토론토 증권 거래소에서 상장 폐지되며, 회사는 보고 기업으로서의 지위를 중단하게 됩니다.
Givex Corp (TSX: GIVX) (OTCQX: GIVXF) a reçu l'approbation finale du tribunal de la Cour supérieure de justice de l'Ontario pour son accord précédemment annoncé avec Shift4 Payments. Dans le cadre de l'accord, Shift4 acquerra toutes les actions en circulation de Givex au prix de 1,50 $ par action en espèces. La transaction devrait se conclure autour du 8 novembre 2024, sous réserve des conditions habituelles. À l’issue de cette opération, les actions de Givex seront retirées de la Bourse de Toronto et la société cessera d'être un émetteur déclarant.
Givex Corp (TSX: GIVX) (OTCQX: GIVXF) hat die endgültige Genehmigung des Ontario Superior Court of Justice für das zuvor angekündigte Arrangement mit Shift4 Payments erhalten. Im Rahmen des Arrangements wird Shift4 alle ausstehenden Givex-Aktien für 1,50 $ pro Aktie in bar erwerben. Es wird erwartet, dass die Transaktion um den 8. November 2024 abgeschlossen wird, vorbehaltlich üblicher Bedingungen. Nach Abschluss werden die Givex-Aktien von der Toronto Stock Exchange delistet, und das Unternehmen wird aufhören, ein berichtspflichtiger Emittent zu sein.
- Secured final court approval for acquisition by Shift4 Payments
- Shareholders to receive $1.50 per share in cash
- Company will be delisted from Toronto Stock Exchange
- Will cease to be a reporting issuer
Toronto, Ontario--(Newsfile Corp. - November 5, 2024) - Givex Corp. (TSX: GIVX) (OTCQX: GIVXF) – ("Givex" or the "Company") is pleased to announce that Givex has obtained a final order of the Ontario Superior Court of Justice (Commercial List) approving the previously-announced plan of arrangement under Section 182 of the Business Corporations Act (Ontario) (the "Arrangement") with Shift4 Payments, Inc. ("Shift4"), pursuant to which Shift4 has agreed to acquire all of the issued and outstanding shares of Givex for cash consideration of
The completion of the Arrangement remains subject to the satisfaction or waiver of certain conditions precedent customary for transactions of this nature. Assuming the satisfaction or waiver of these conditions precedent, the Arrangement is expected to be completed on or about November 8, 2024. Following completion of the Arrangement, the common shares of Givex are expected to be de-listed from the Toronto Stock Exchange and applications have been made for Givex to cease to be a reporting issuer and an offering corporation.
Shareholder Assistance
Givex shareholders who have questions or who require assistance with depositing their shares in connection with the Arrangement may contact Odyssey Trust Company toll free at 1-888-290-1175 or by visiting www.odysseytrust.com/ca-en/help.
About Givex Corp.
Since 1999, Givex has provided technology solutions that unleash the full potential of engagement, creating and cultivating powerful connections that unite brands and customers. With a global footprint of 132,000+ active locations across more than 100 countries, Givex unleashes strategic insights, empowering brands through reliable technology and exceptional support. Givex's integrated end-to-end management solution provides Gift Cards, GivexPOS, Loyalty Programs and more, creating growth opportunities for businesses of all sizes and industries. Learn more about how to streamline workflows, tackle complex challenges and transform data into actionable insights at www.Givex.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to: the Arrangement (including the terms, timing, closing and conditions precedent thereto), the timing of closing of the Arrangement, de-listing of the common shares of Givex from the Toronto Stock Exchange (including timing and effect thereof) and the applications of Givex to cease to be a reporting issuer and an offering corporation (including the timing thereof). Such forward-looking information necessarily involves known and unknown risks and uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to: the customary risks associated with the Arrangement (including with respect to the conditions precedent thereto). Therefore, forward-looking information should be considered carefully and undue reliance should not be placed on such information. Please note that forward-looking information in this news release reflects management's expectations as of the date hereof, and therefore is subject to change. Givex disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Additional information on these and other factors that could affect Givex's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca) and at Givex's website (www.Givex.com).
For Additional Information:
Media Contact
Jim Woodside
Email: jim.woodside@givex.com
www.Givex.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228987
FAQ
When will Shift4 Payments complete the acquisition of Givex (GIVXF)?
How much will Givex (GIVXF) shareholders receive per share in the Shift4 acquisition?
What happens to Givex (GIVXF) stock after the Shift4 acquisition?
