Alimentation Couche-Tard Inc. Files a Final Prospectus.MONTREAL--(BUSINESS WIRE)--July 8, 1998--(ME:ATD ATD Anthropomorphic Test Dummy ATD Attention to Detail ATD Advanced Technology Demonstration AtD Achieving the Dream ATD Atmospheric Technology Division (US National Center for Atmospheric Research) ATD Assistant Technical Director .A.) (ME:ATD.B.) Alimentation Couche-Tard Alimentation Couche-Tard Inc. TSX: ATD.A (a "Couche-Tard" is a "night owl" in French) is the largest Canadian convenience store retailer, operating or franchising over 5,000 stores across Canada, the United States, and in other countries. Inc. (the "Company") announced that it has filed a final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. in Ontario and Manitoba qualifying the distribution of the 1,110,000 Class B Subordinate Voting Shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. (the "Class B Shares") to be delivered upon exercise of the special warrants (the "Special Warrants") previously issued by the Company pursuant to a private placement (the "Private Placement") completed on April 8, 1998. On April 8, 1998 the Company and certain selling shareholders sold the Special Warrants pursuant to the Private Placement and 1,090,000 Class B Shares pursuant to a concurrent placement by prospectus in Quebec. The offering was underwritten by Levesque Beaubien Geoffrion Inc. and Deacon Capital Corporation. The gross proceeds to the Company from the distribution of the Special Warrants and the concurrent placement by prospectus in Quebec, in the amount of $40M, will be used to reduce the Company's long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. with the view to enabling the Company to pursue its expansion strategy. Gross proceeds to the selling shareholders were $4M. Alimentation Couche-Tard Inc. is the leader in the Quebec convenience store industry with a network of 580 stores. The Company has also established a strong base in Ontario and Western Canada with 50 stores operating under the Wink's banner. The Class B Shares of Alimentation Couche-Tard Inc. are listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the symbol "ATD.B".
CONTACT: ALIMENTATION COUCHE-TARD INC.
Richard Fortin, 514/662-6632
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion