TORONTO, May 12 /CNW/ - Home Capital Group Inc. (TSX: HCG) will hold its
annual and special meeting of shareholders Wednesday, May 13, 2009 at 11:00
a.m. Toronto time at the Design Exchange, Trading Floor, Second Floor, 234 Bay
Street, Toronto, Ontario.
As previously announced on March 11, 2009, Home Capital's Shareholder
Rights Plan will be submitted for ratification by the Company's shareholders
at the meeting. The purpose of the Shareholder Rights Plan is to provide the
Board of Directors of Home Capital with sufficient time to explore and develop
alternatives for maximizing shareholder value if a take-over bid is made for
the Company and to ensure that every shareholder has an equal opportunity to
participate in such a bid. The Shareholder Rights Plan is not intended to
deter take-over proposals. Home Capital is not aware of any pending or
threatened take-over bid for the Company.
Home Capital Group Inc. is a public company, traded on the Toronto Stock
Exchange (HCG), operating through its principal subsidiary, Home Trust
Company. Home Trust is a federally regulated trust company offering deposit,
mortgage lending, retail credit and payment card services. Licensed to conduct
business across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia and Quebec.
For further information:
For further information: Gerald M. Soloway, CEO, or Nick Kyprianou,
President, (416) 360-4663, www.homecapital.com