CINAR Issues Semi-Monthly Report.Business Editors MONTREAL--(BUSINESS WIRE)--Dec. 21, 2001 CINAR Corporation indicated today that it has received, on December 18, a second requisition from Chapman Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and others for the organization of a special meeting of shareholders for the purpose of "removing from office by ordinary resolution all of the directors of the Company pursuant to Section 109 of the Canada Business Corporations Act The Canada Business Corporations Act, also known as Bill C-44, is a Canadian act respecting Canadian business corporations. See also
CINAR will respond within the prescribed legal deadline. CINAR has also been informed that the shareholders' group which includes Chapman Capital LLC, Palestra Capital LLC, Highline Capital Holdings LLC and Crescendo Advisors LLC has filed a schedule 13D Schedule 13D An form that must be filed with the SEC under Rule 13D when a person or group acquiring more than 5% of any class of a company's shares to disclose this information within 10 days of the transaction. form with the Securities and Exchange Commission of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. indicating that they control in excess of 5% of the Company's shares. CINAR will continue to issue semi-monthly status updates by way of news releases, as it has since April 20, 2000. CINAR Corporation is an integrated entertainment and education company involved in the development, production, post-production and worldwide distribution of non-violent, quality programming and educational products for children and families. CINAR's web site is www.cinar.com. This release may include information that could constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 (U.S.). Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions. Actual results or conditions may differ from those anticipated by these and other forward-looking statements. Such forward-looking statements are subject to a number of known or unknown risks and uncertainties. |
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