Press release from Marketwire
Quebec Superior Court Issues Final Order Approving GENIVAR's Plan of Arrangement
Monday, May 27, 2013
Quebec Superior Court Issues Final Order Approving GENIVAR's Plan of Arrangement17:00 EDT Monday, May 27, 2013
MONTREAL, QUEBEC--(Marketwired - May 27, 2013) -
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART OUTSIDE CANADA OR TO ANY PERSON LOCATED OR RESIDENT OUTSIDE CANADA OR TO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
GENIVAR Inc. (TSX:GNV) ("GENIVAR" or the "Company") announced today that the Superior Court of Québec has issued a final order approving the previously announced plan of arrangement (the "Arrangement") pursuant to which GENIVAR will be reorganized into a global corporate structure to be named WSP Global Inc. ("WSP Global"). The Board of Directors retains discretion to implement the Arrangement at any time but in any event prior to its 2014 Annual Shareholders Meeting, provided that GENIVAR issues a press release announcing the proposed effective date of the Arrangement at least 30 days prior to such effective date. At the time of the Arrangement, all the shares of GENIVAR will be exchanged, on a one for one basis, for shares of WSP Global.
Forward Looking Information
Certain information regarding GENIVAR, the Arrangement and WSP Global 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 such 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 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.
The Company, through its combination with WSP, is one of the world's leading professional services firms, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines. The firm provides services to transform the built environment and restore the natural environment, and its expertise ranges from environmental remediation to urban planning, from engineering iconic buildings to designing sustainable transport networks, and from developing the energy sources of the future to enabling new ways of extracting essential resources. It has approximately 15,000 employees, mainly engineers, technicians, scientists and architects, as well as various environmental experts, based in more than 300 offices, across 35 countries, on every continent. www.genivar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Chief Financial Officer
514-340-0046, ext. 5310
Director, Communications and Investor Relations
514-340-0046, ext. 5648