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IBI Group Inc T.IBG.DB.E

IBI Group Inc. is a global design and technology company. The Company offers a range of services, including architectural controls, architecture, bridge engineering, civil engineering, construction management, data analytics, design technology, development engineering, economics/financial analysis, electrical engineering, energy solutions, engineering, environmental assessment, geomatics/land surveying, highway and road design, and indigenous engagement and relations. The Company¿s services also include interiors, land use planning, landscape architecture, mechanical engineering, municipal infrastructure, operations and maintenance, parametric design, placemaking, planning and urban design, public outreach, research and development, software development, systems engineering, traffic engineering, transit planning, transportation engineering, visualization, water resources management, and water/wastewater. The Company has over 60 offices in major urban centers across the globe.


TSX:IBG.DB.E - Post by User

Bullboard Posts
Post by ageeon Nov 19, 2013 4:39pm
496 Views
Post# 21920680

The Debentures can be redeemed with shares.

The Debentures can be redeemed with shares.I read through the IBG.DB.B persecutes and it appears that this series can be redeemed with shares. (At the company’s option)

"....Payment upon Redemption or Maturity:

Unless an event of default has occurred and is continuing, the Corporation
may, at its option, on not more than 60 days’ and not less than 30 days’ prior
notice and subject to any required regulatory approvals, elect to satisfy its
obligation to repay the principal amount of Debentures due on redemption
or maturity by issuing freely tradeable Common Shares to the holders of such
Debentures. Any accrued and unpaid interest thereon will be paid in cash.
The number of Common Shares to be issued will be determined by dividing
the principal amount of the Debentures by 95% of the Current Market Price
of the Common Shares on the date fixed for redemption or the maturity date,
as the case may be...."
https://www.sedar.com/CheckCode.do;jsessionid=0000_eBgfaZ92YUeIGnNIOEmLE4:17lkkjui4

Does anyone have the particulars on the other 2 series? Can those also be redeemed with shares at the company’s option?
Bullboard Posts