ESI Announces Closing of Plan of Arrangement and Delisting
Nov 01, 2013, 16:38 ET
BURNABY, BC, Nov. 1, 2013 /CNW/ - ESI Entertainment Systems Inc. ("ESI" or the "Company") (CNSX: ESY), wishes to announce that, further to its press release of October 29, 2013, the Plan of Arrangement approved by securityholders at an Annual and Special Meeting held on October 28, 2013 and approved by the Supreme Court of British Columbia on October 29, 2013, became effective on October 31, 2013.
The Company also wishes to announce that its common shares have been delisted from CNSX as of the close of business on October 31, 2013.
As a result of the Plan of Arrangement, shareholders, other than certain insiders, are entitled to receive a cash payment of $0.055 per share. For further details, please refer to the Company's October 29, 2013 press release and its filings on www.sedar.com.
The Company will now be applying to cease its status as a reporting issuer under Canadian securities legislation.
SOURCE: ESI Entertainment Systems Inc.
For further information:
ESI Entertainment Systems Inc.
Michael Meeks, Chief Executive Officer
Tel: +1 (604) 299-6922 ext 228
email: [email protected]
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