Canadian Life Companies Split Corp. has announced:
A special meeting of the shareholders of Canadian Life Companies Split Corp. (the “Company”) was held earlier today.
The primary purpose of the meeting was to consider and, if thought advisable, to approve a special resolution to reorganize the Company, including a capital reorganization of the Preferred Shares of the Company and an extension of the termination date of the Company, as described in the Management Information Circular dated March 14, 2012 and the March 21, 2012 press release. Class A Shareholders voted 95.0% in favour of the resolution and Preferred Shareholders voted 82.6% in favour of the resolution, and therefore the resolution was approved.
The Company will issue shortly a further press release including all key dates related to the capital reorganization and special retraction.
The proposal was unveiled in late March.
More to follow …
[…] Life Companies Split Corp. has announced the details of its reorganization, as promised when the proposal was approved and in accordance with announced […]