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 at www.sedar.com.
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 applicable law.
SOURCE: Vicwest Inc.
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