OAKVILLE, ON, June 5, 2014 /CNW/ - Vicwest Inc. (the "Company") (TSX:
VIC, VIC.DB and VIC.DB.A) announced today that the Toronto Stock
Exchange has consented to the adoption of the Company's previously
announced shareholder rights plan (the "Rights Plan"), subject to,
among other things, the ratification of the Rights Plan by shareholders
within six months from the date that the Rights Plan was adopted.
If the Rights Plan is not ratified by shareholders within six months of
its adoption, it and any rights issued thereunder will terminate. If
the Rights Plan is ratified by shareholders, it will continue in effect
until the third annual meeting of shareholders thereafter. A copy of
the Rights Plan will be available under the Company's profile on SEDAR
About Vicwest Inc.
Vicwest Inc. is a leading manufacturer and distributor of engineered
storage and handling systems for grain, fertilizer and liquid storage
as well as building construction products for agriculture, commercial,
industrial and residential markets. We operate through two
strategically aligned divisions: Vicwest Building Products and Westeel.
With approximately 7,000 customers, 1,200 dedicated employees and 34
business partners, we are positioned for growth in domestic and
international markets. Vicwest Inc. is a member of the S&P/TSX SmallCap
Index. For more information, visit www.vicwestinc.com.
This press release contains forward-looking statements relating to the
Company and the Rights Plan. These statements are based on the
Company's expectations, estimates, forecasts and projections. They are
not guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. These risks and
uncertainties are discussed in the Company's regulatory filings
available on the Company's website at www.vicwestinc.com or at www.sedar.com. Actual outcomes and results may differ materially from those expressed
in these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements. Further, a
forward-looking statement speaks only as of the date on which such
statement is made. The Company undertakes no obligation to publicly
update any such statement or to reflect new information or the
occurrence of future events or circumstances, except as required by
SOURCE: Vicwest Inc.
For further information:
President & Chief Executive Officer
Tel: (905) 469-5700
Chief Financial Officer
Tel: (905) 469-5706