CINAR: The Trustee Responds Positively to the Request of the Quebec Securities Commission.
MONTREAL--(BUSINESS WIRE)--June 12, 2002
In a press release issued this morning, the Quebec Quebec, city, Canada
Quebec, Fr. Québec, city (1991 pop. 167,517), provincial capital, S Que., Canada, at the confluence of the St. Lawrence and St. Charles rivers. Securities Commission rejected allegations with respect to its lack of action in the CINAR matter; moreover, the Commission requested the Trustee "to confirm that CINAR Corporation still meets the requirements of its articles with respect to Multiple Voting Noun 1. multiple voting - the act of voting in more than one place by the same person at the same election (illegal in U.S.)
balloting, vote, voting, ballot - a choice that is made by counting the number of people in favor of each alternative; "there were only 17 Shares."
Mr. Robert Robert, Henry Martyn 1837-1923.
American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876).
Noun 1. Despres, as Trustee whose appointment was approved by the Quebec Securities Commission last April 23rd, confirms that CINAR meets the requirements contained in its Articles with respect to multiple voting shares and the maintenance of their multiple voting rights.
Accordingly, as it was established and confirmed during the Annual Meeting of CINAR on April 29, 2002, the procedure leading to the conversion of the Variable Multiple Voting Shares into Limited Voting Limited voting is a voting system in which electors have fewer votes than there are positions available. The positions are awarded to the candidates who receive the most votes absolutely. Shares has not been triggered and there is no basis to trigger it now.