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MONTREAL, June 20, 2012 /CNW Telbec/ - GENIVAR Inc. (TSX: GNV) ("GENIVAR" or the "Corporation") announced today that it has filed and made available its previously announced Dividend Reinvestment Plan (the "Plan") to enable eligible holders of common shares of the Corporation (the "Common Shares") to reinvest cash dividends paid by the Corporation on the Common Shares into additional Common Shares.
Eligible holders of subscription receipts to be issued pursuant to the Corporation's previously announced public offering and private placement (the "Subscription Receipts") will also be entitled to participate in the Plan for the purpose of reinvesting in Common Shares the dividend equivalent payments to which they may be entitled in accordance with the terms of the Subscription Receipts.
To participate in the Plan in time for the reinvestment in Common Shares of the dividend payable on or about July 15, 2012, eligible holders of Common Shares that are registered shareholders must deliver a properly completed enrollment form to the Plan agent, Canadian Stock Transfer Company Inc. (acting as administrative agent for CIBC Mellon Trust Company), by no later than 10:00 a.m. on June 29, 2012. Eligible holders of Common Shares held through an intermediary (such as a broker, investment dealer or financial institution) and holders of Subscription Receipts must contact and have their intermediary submit the necessary documentation in advance of this deadline in order to participate in the Plan in time for the reinvestment in Common Shares of the dividend payable on or about July 15, 2012.
Closing of the Corporation's previously announced public offering and private placement of Subscription Receipts is expected to occur on or about June 27, 2012.
Copies of the Plan and enrollment form are available on the Plan agent's website at https://www.canstockta.com/issuersOfferDRIPS.do and on the Corporation's website at www.genivar.com under the heading "Investor Relations - Dividend". Eligible holders of Common Shares and Subscription Receipts are urged to carefully read the complete text of the Plan before making any decisions regarding their participation in the Plan.
GENIVAR is a leading Canadian professional consulting services firm providing private and public-sector clients with a broad diversity of services in planning, engineering, surveying, environmental sciences, and projects and construction management, as well as architecture through strategic alliances. The Corporation is a fee-for-service professional consultants firm and it reports in one reportable segment, which is commonly referred to as consulting services. GENIVAR is one of the largest professional services firms in Canada by number of employees, with more than 5,500 managers, professionals, technicians, technologists, and support staff in over 100 cities in Canada and abroad. www.genivar.com
Certain information regarding GENIVAR contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although GENIVAR believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. GENIVAR's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect GENIVAR's actual or projected results are included in the Management Discussion and Analysis for the fourth quarter and year ended December 31, 2011, which are available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and GENIVAR does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.
For further information:
Director, Communications and Investor Relations
Phone: (514) 343-0773 x.5648