TORONTO, July 23, 2014 /CNW/ - IBI Group Inc. ("IBI" or the "Company")
(TSX: IBG) is pleased to announce that it has entered into a
supplemental trust indenture with CIBC Mellon Trust Company, the
trustee of its 7.0% convertible unsecured subordinated debentures (the
"Debentures"), to give effect to amendments to the Debentures that were
approved at the special meeting of debentureholders held July 16, 2014.
As a result of the amendments, the maturity date of the Debentures has
been extended from December 31, 2014 to June 30, 2019 for all
debentureholders, and the conversion price has been reduced to $5.00
per share from $19.17 per share for debentureholders who delivered and
did not withdraw a valid proxy voting for the debenture amendments
prior to the proxy deadline and elected Option B and for
debentureholders who did not deposit a proxy, abstained from voting or
voted against the debenture amendments.
About IBI Group Inc.:
The Company is a TSX listed corporation and its common shares trade
under the symbol "IBG".
IBI Group is a globally integrated architecture, planning, engineering,
and technology firm with over 2,600 professionals around the world. For
more than 40 years, our dedicated professionals have helped clients
create livable, sustainable, and advanced urban environments. We are
one of the largest architecture firms in the world, and more than 300
of our staff architects, planners, designers and engineers are LEED
From high-rises to industrial buildings, schools to state-of-the-art
hospitals, transit stations to highways, airports to toll systems, bike
lanes to parks, we design every aspect of a truly integrated city for
people to live, work, and play.
We organize our expertise into three areas:
Intelligence: systems designer, software development.
Buildings: building architecture, building engineering (mechanical,
Infrastructure: planning, urban design, landscape architecture,
transportation, and engineering.
Our collaborative and combined approach focuses not only on creating the
best solutions today, but also creating the right solutions for
We believe cities must be designed with intelligent systems, sustainable
buildings, efficient infrastructure, and a human touch.
At IBI, we're defining the cities of tomorrow.
SOURCE: IBI Group Inc.
For further information:
IBI Group Inc.
230 Richmond Street West, 5th Floor
Toronto, ON M5V 1V6
Tel: 416-596-1930, Fax: 416-596-8024
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