Shift4 Completes Acquisition of Givex
Shift4 Payments has completed the acquisition of Givex Corp. through a plan of arrangement. Under the terms, Givex shareholders received $1.50 in cash per share. All in-the-money options and warrants were vested, paid out in cash, and cancelled. The Common Shares are expected to be delisted from the Toronto Stock Exchange around November 11, 2024. Following the acquisition, 1000986880 Ontario Inc., a Shift4 subsidiary, now owns 100% of Givex's 133,851,251 outstanding Common Shares. Givex will cease to be a reporting issuer under Canadian securities laws.
Shift4 Payments ha completato l'acquisizione di Givex Corp. attraverso un piano di ristrutturazione. Secondo i termini, gli azionisti di Givex hanno ricevuto 1,50 $ in contanti per azione. Tutte le opzioni e i warrant in-the-money sono stati maturati, liquidati in contanti e annullati. Si prevede che le azioni comuni vengano escluse dalla Borsa di Toronto intorno all'11 novembre 2024. A seguito dell'acquisizione, la 1000986880 Ontario Inc., una filiale di Shift4, possiede ora il 100% delle 133.851.251 azioni comuni in circolazione di Givex. Givex cesserà di essere un emittente reporting ai sensi delle leggi canadesi sui titoli.
Shift4 Payments ha completado la adquisición de Givex Corp. a través de un plan de disposición. Según los términos, los accionistas de Givex recibieron $1.50 en efectivo por acción. Todas las opciones y garantías en-the-money se hicieron efectivas, se pagaron en efectivo y se cancelaron. Se espera que las acciones comunes sean deslistadas de la Bolsa de Valores de Toronto alrededor del 11 de noviembre de 2024. Después de la adquisición, 1000986880 Ontario Inc., una subsidiaria de Shift4, ahora posee el 100% de las 133,851,251 acciones comunes en circulación de Givex. Givex dejará de ser un emisor reportante bajo las leyes de valores canadienses.
Shift4 Payments은 Givex Corp.의 인수를 정리 계획을 통해 완료했습니다. 조건에 따라, Givex 주주들은 주당 1.50달러의 현금을 받았습니다. 모든 이익이 있는 옵션과 워런트는 행사되었고, 현금으로 지급되어 취소되었습니다. 보통주식은 2024년 11월 11일 경 토론토 증권 거래소에서 상장 폐지될 것으로 예상됩니다. 인수 후, Shift4의 자회사인 1000986880 Ontario Inc.는 Givex의 133,851,251주 전체를 100% 소유하게 되었습니다. Givex는 캐나다 증권법상 보고 기업으로서의 지위를 상실할 것입니다.
Shift4 Payments a finalisé l'acquisition de Givex Corp. par le biais d'un plan d'arrangement. Selon les termes, les actionnaires de Givex ont reçu 1,50 $ en espèces par action. Toutes les options et bons en-the-money ont été acquises, payés en espèces et annulés. Les actions ordinaires devraient être retirées de la Bourse de Toronto autour du 11 novembre 2024. Suite à l'acquisition, 1000986880 Ontario Inc., une filiale de Shift4, possède désormais 100 % des 133.851.251 actions ordinaires en circulation de Givex. Givex cessera d'être un émetteur déclarant en vertu des lois canadiennes sur les valeurs mobilières.
Shift4 Payments hat die Übernahme von Givex Corp. im Rahmen eines Umstrukturierungsplans abgeschlossen. Nach den Bedingungen erhielten die Givex-Aktionäre 1,50 $ in bar pro Aktie. Alle im Geld befindlichen Optionen und Warrants wurden übertragen, in bar ausgezahlt und annulliert. Es wird erwartet, dass die Stammaktien rund um den 11. November 2024 von der Toronto Stock Exchange delistet werden. Nach der Übernahme gehört der 1000986880 Ontario Inc., einer Tochtergesellschaft von Shift4, nun 100 % der 133.851.251 ausstehenden Stammaktien von Givex. Givex wird aufhören, ein berichtspflichtiger Emittent nach den kanadischen Wertpapiergesetzen zu sein.
- Complete acquisition at $1.50 per share in cash
- 100% ownership transfer achieved
- Clean transaction structure with all options and warrants settled
- Delisting from Toronto Stock Exchange
- End of public trading status
- Cessation as reporting issuer
Toronto, Ontario--(Newsfile Corp. - November 8, 2024) - Givex Corp. (TSX: GIVX) (OTCQX: GIVXF) - ("Givex" or the "Company") is pleased to announce the completion of its previously-announced plan of arrangement under Section 182 of the Business Corporations Act (Ontario) (the "Arrangement") with 1000986880 Ontario Inc. (the "Purchaser"), an indirect subsidiary of Shift4 Payments, Inc. ("Shift4"). The Arrangement became effective at 12:01 a.m. (Toronto Time) on November 8, 2024 (the "Effective Time").
Completion of the Arrangement
Pursuant to the terms of the Arrangement, each holder of common shares in the capital of Givex ("Common Shares") received
The Common Shares are expected to be de-listed from the Toronto Stock Exchange on or about November 11, 2024, and applications have been made for Givex to cease to be a reporting issuer and an offering corporation under applicable Canadian securities laws.
Information for Former Givex Shareholders
Registered shareholders are reminded that, in order to receive the Consideration in exchange for their Common Shares, they must complete, sign and return the letter of transmittal to Odyssey Trust Company, in its capacity as depositary under the Arrangement, together with the certificate(s) or DRS advice(s) representing their Common Shares. Givex shareholders who have questions or who require assistance with depositing their Common 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.
Non-registered shareholders should receive the consideration to which they are entitled under the Arrangement directly in their brokerage accounts. Non-registered shareholders should contact their broker or other intermediary if they have any questions or require further information regarding the procedures for receiving the consideration to which they are entitled under the Arrangement.
Additional Information
Full details of the Arrangement are set out in the arrangement agreement dated August 26, 2024 among Givex, the Purchaser and Shift4, and Givex's management information circular dated October 1, 2024 (the "Circular"), both of which are available under Givex's profile on SEDAR+ at www.sedarplus.ca. All shareholders are urged to read the Circular as it contains additional important information concerning the Arrangement.
Early Warning Disclosure
1000986880 Ontario Inc.
Immediately before the completion of the Arrangement, the Purchaser (100 King Street West, 1 First Canadian Place, Suite 3400, Toronto, Ontario, M5X 1A4, Canada) did not beneficially own or exercise control or direction over, directly or indirectly, any Common Shares. Immediately after the completion of the Arrangement, the Purchaser beneficially owns, or exercises control or direction over, 133,851,251 Common Shares, representing
An early warning report will be filed by the Purchaser in accordance with applicable securities laws and will be available under Givex's profile on SEDAR+ at www.sedarplus.ca. To obtain a copy of the early warning report, please contact Shift4 Payments, Inc., 3501 Corporate Parkway, Center Valley, PA 18034, Attention: General Counsel, 610-596-4388.
Givex's head office is located at 134 Peter Street, Suite 1400, Toronto, ON, CA, M5V 2H2.
Advisors
Canaccord Genuity Corp. acted as exclusive financial advisor and Wildeboer Dellelce LLP acted as legal counsel to Givex. Torys LLP acted as legal counsel to the Special Committee.
Goldman Sachs & Co. LLC acted as exclusive financial advisor and Bennett Jones LLP acted as legal counsel to Shift4.
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.
About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.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: de-listing of the Common Shares 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. 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/229279
FAQ
What is the acquisition price per share for Givex (GIVXF)?
When will Givex (GIVXF) be delisted from the Toronto Stock Exchange?
How many Givex (GIVXF) shares were acquired by Shift4?
What happens to Givex (GIVXF) options and warrants after the acquisition?
