Argus Corporation Limited Announces that Notices of Redemption for its Class A and B Preference Shares Have Been Mailed.Business Editors TORONTO--(BUSINESS WIRE)--Feb. 5, 2004 Argus Corporation Argus Corporation, based in Toronto, Ontario, is an investment and holding company founded in 1945 by its President E. P. Taylor with minority partners Colonel W. Eric Phillips and Wallace McCutcheon and other investors. Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AR.PR.A) (TSX:AR.PR.D) (TSX:AR.PR.B) today announced that registered holders of its outstanding Class A and Class B Preference Shares should by now have received Notices of Redemption. The Notices were mailed on Friday, January 30, 2004. Argus had previously announced on January 19, 2004 that the holders of its Class A Preference Shares $2.50 Series, Class A Preference Shares $2.60 Series and Class B Preference Shares 1962 Series were to be redeemed in accordance with the terms of each series of shares. As previously announced, the redemptions are to take place on the taking up and payment for the shares of Hollinger Inc. held by Argus pursuant to the Offer of Press Holdings International Limited through its subsidiary Press Acquisition Inc. to acquire all shares of Hollinger Inc. ("Hollinger") (TSX: HLG HLG High Level Group (NATO) HLG Hannibal-Lagrange College (Missouri) HLG Hand Launched Glider HLG Half-Life Guard (anti-cheat for half-life based games) HLG Hawk Logistics Group .C, HLG.PR.B, HLG.PR.C). Press Acquisition Inc. mailed its Offer on January 27, 2004 to shareholders of Hollinger by way of a take-over bid to acquire all of the outstanding common shares, Series II Preference Shares and Series III Preference Shares of Hollinger. The redemptions of the Class A and Class B Preference Shares of Argus are intended to occur on the date that the Hollinger shares are taken up and paid for under the Offer. The redemptions are to occur no less than 30 days from the date of the Notices of Redemption and are to be conditional on the successful completion of the Offer. The redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. for each Argus Class A and Class B Preference Share will be CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $52.50 per share plus any accrued and unpaid dividends Unpaid dividend A dividend declared by the directors of a corporation that has not yet been paid. unpaid dividend 1. A declared dividend that has not yet been paid. 2. See passed dividend. to the date of redemption. Argus will announce the completion of the Offer and the redemptions at the time the Offer is completed as well as the amount of accrued and unpaid dividends to be paid. The Ravelston Corporation Limited Ravelston Corporation Limited is a Canadian holding company that was largely controlled by Conrad Black and business partner David Radler. It held shares in Black's other holding companies, such as Hollinger International, now known as Sun-Times Media Group. holds 2,900 Class B Preference Shares 1962 Series of Argus that are to be redeemed as part of the redemptions. |
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