TORONTO, March 5, 2019 /CNW/ - 2433551 Ontario Inc. ("2433551") announced today that it has disposed 2,576,657 Class A Non-Voting Shares (the "Shares") of Wilmington Capital Management Inc. ("Wilmington") pursuant to private transactions with a various parties.
2433551 disposed of the Shares as part of its investment strategy. As a result of this transaction, 2433551 does not own or control any Shares of Wilmington. In connection with the transaction, 243 delivered irrevocable proxies to the purchasers in respect of the Shares entitling the Purchasers to vote the Shares at the special meeting of shareholders of Wilmington to be held on March 28, 2019.
The Shares were acquired for fair market value consideration of $12,883,285 paid in cash, which value represents $5.00 per Share. 2433551 has no intention to acquire additional securities of Wilmington.
In accordance with National Instrument 62-103, an Early Warning Report will be filed in respect of the above transaction. A copy of such report may be obtained from SEDAR at www.sedar.com.
2433551 is an investment holding company located at Suite 300, 181 Bay Street, Toronto, Ontario, M5J 2T3.
SOURCE 2433551 Ontario Inc.
For further information: Jessica Diab, Senior Associate, Legal & Regulatory, (416) 369-2500