GREY:NMKEF - Post by User
Comment by
TeddyBearon Jan 30, 2020 8:35pm
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Post# 30622760
RE:Common or Preferred
RE:Common or Preferredall shares are common,
(iii) Holders of Common Shares
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As of September 30, 2019, Nemaska had 847,634,338 common shares outstanding (the “Common Shares”). The more than 25,000 holders of the Common Shares (the “Shareholders”), who are mostly located in Qubec, are entitled to vote at all shareholder meetings, to dividends, if, as and when declared by the board of directors of Nemaska and, upon liquidation or winding-up of Nemaska, to share the residual assets of Nemaska. The Common Shares do not have any pre-emptive, conversion or redemption rights, and all have equal voting rights. Save and except for a pre-emptive right granted to Softbank Group Corp. (“Softbank”) under its investment agreement of May 31, 2018 with Nemaska and effective for so long as Softbank holds 5% of the Common Shares outstanding, there are no special rights or restrictions of any nature attached to any of the Common Shares, all of which rank equally as to all benefits which might accrue to the holders of the Common Shares.
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The Common Shares of Nemaska are listed and posted for trading on the Toronto Stock Exchange under the symbol “NMX”, on the Frankfurt Stock Exchange under the symbol “N0T” and on the American stock exchange Over-the-Counter QX under the symbol “NMKEF”.
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On May 30, 2018, Nemaska closed a $280 million public offering of Common Shares on a bought deal basis, which means that the underwriters fully purchased those Common Shares.
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On the same day, Nemaska also closed a $80 million concurrent private placement of Common Shares with Ressources Qubec Inc., acting as mandatory for the government of Qubec.