The proposal represents a premium of 50% over Indigo's closing price on the
As of the date hereof, Trilogy has ownership and control over an aggregate of 15,501,974 common shares of Indigo, representing approximately 56% of the issued and outstanding common shares, and Trilogy, together with its joint actors, including
Assuming the completion of the transaction contemplated by the privatization proposal, Trilogy and its joint actors intend to cause the common shares of Indigo to cease to be listed on the TSX and to cause Indigo to apply to cease to be a reporting issuer under applicable Canadian securities laws, and to otherwise terminate Indigo's public reporting requirements.
Trilogy's proposal to Indigo contemplates that the privatization proposal is the only transaction Trilogy is prepared to pursue. Accordingly, Trilogy is not interested in supporting any process in furtherance of an alternative change of control transaction and is not prepared to sell its shares.
An early warning report will be filed in accordance with applicable securities laws and will be available on Indigo's SEDAR+ profile at www.sedarplus.ca. To obtain a copy of the early warning report, please contact Trilogy,
This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation to sell common shares of Indigo.
Certain statements made in this news release are forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements with respect to the privatization proposal, the terms and conditions of the privatization proposal, and future discussions with Indigo's board of directors, special committee of independent directors, and their advisors regarding the privatization proposal. Often but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "intend", "outlook", "anticipate", "foresee", "continue" or the negative of these terms or variations of them or similar terminology. Although Trilogy believes the forward-looking statements in this news release are based on information and assumptions that are current, reasonable and complete, these statements are by their nature subject to a number of factors that could cause actual results to differ materially from their expectations and plans, including, without limitation, the following factors, many of which are beyond Trilogy's control and the effects of which can be difficult to predict: (a) the possibility that Indigo, its board of directors, its special committee and Trilogy cannot reach agreement on the privatization proposal or will not proceed with giving shareholders an opportunity to accept or vote in favour of the privatization proposal; (b) the possibility that the terms and conditions of the privatization proposal will differ from those that are currently contemplated; (c) the failure to obtain or satisfy, in a timely manner or otherwise, required shareholder approvals and other conditions of closing necessary to complete the privatization proposal; (d) the risks and challenges facing Indigo including those set forth in the "Risk Factors" section of Indigo's Annual Information Form dated
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