CALGARY, April 29, 2019 /CNW/ - Solium Capital Inc.
(Solium or the Company) (TSX:SUM) is pleased to
announce that it has received all of the key regulatory approvals
required for its plan of arrangement (the Arrangement) with
Morgan Stanley. Pursuant to the Arrangement, Morgan Stanley,
through a wholly-owned subsidiary, has agreed to acquire all of the
outstanding common shares of Solium for CAD$19.15 per share. Obtaining these key
regulatory approvals is one of the conditions to completing the
Arrangement. As previously announced, the Arrangement was approved
by Solium's securityholders at a special meeting held on
April 15, 2019 and by the Court of
Queen's Bench of Alberta.
With all of the key conditions necessary to complete the
acquisition satisfied, Solium and Morgan Stanley intend to complete
the acquisition on May 1, 2019. The
Company has applied to de-list Solium's shares from the Toronto
Stock Exchange at the close of trading on the closing date.
Solium reminds its registered shareholders to complete the
letter of transmittal that was previously sent to them in order to
receive the consideration payable under the Arrangement. Once
completed, the letter of transmittal and all accompanying documents
should be returned to TSX Trust Company in accordance with the
instructions set out in the letter of transmittal. A copy of the
letter of transmittal is available under the Company's issuer
profile on SEDAR at www.sedar.com.
Advisories
Forward-looking statements
The statements in this press release regarding the completion
and timing of the Arrangement constitute "forward-looking
statements". Such statements are subject to certain risks,
uncertainties and assumptions, including general business and
economic conditions, the overall performance of the stock market
and the regulatory environment. Although Solium believes that the
expectations reflected in such forward-looking statements are
reasonable, undue reliance should not be placed on forward-looking
statements because Solium can give no assurance that such
expectations will prove to be correct. These forward-looking
statements contained herein are made as of the date of this press
release and in each, case are expressly qualified by this
cautionary statement. Solium does not intend to nor does it assume
any obligation to update publicly or revise any of the
forward-looking statements, whether as a result of new information,
subsequent events or otherwise, except as required by applicable
laws. Solium cautions readers not to place undue reliance on these
statements.
About Solium
Solium provides cloud-enabled services for global equity
administration, financial reporting and compliance. From offices in
the United States, Canada, the United
Kingdom, Europe and
Australia, our innovative SaaS
technology powers share plan administration and equity transactions
for more than 3,000 corporate clients with employee participants in
more than 100 countries. Follow us @Solium and visit us at
www.solium.com.
SOURCE Solium Capital Inc.