RE:RE:Post buybackYes, effective Oct 4, so started trading post-arrangement today. See the very bottom of the bulletin below, fyi.
YELLOW PAGES LIMITED ("Y-T") - Bulletin 2022-0740;
Pro Rata Share Repurchase by Way of - Plan of Arrangement
Issuer: Yellow Pages Limited (the "Company")
Security: Common shares (the "Shares") Symbol(s): Y
Transaction: The Company will distribute to its holders of Shares (the "Shareholders") approximately $100 million by way of a Share repurchase from all Shareholders pursuant to a statutory arrangement under the Business Corporations Act (British Columbia) (the "Arrangement").
The Arrangement is being effected pursuant to a plan of arrangement (the "Plan of Arrangement") which provides that the Company will repurchase from Shareholders pro rata an aggregate of 7,949,125 Shares (the "Repurchased Shares") at a purchase price of $12.58 per Repurchased Share (the "Repurchase Price"), which represents the volume weighted average price of the Shares for the five consecutive trading days ending the trading day immediately prior to August 5, 2022.
Record Date: October 4, 2022 Pursuant to the terms of the Plan of Arrangement, the Arrangement will become effective at 11:59 p.m. (Eastern time) on October 4, 2022 (the "Effective Time"). For trading purposes, the Effective Date of October 4, 2022 is used as record date in order to establish Shareholders' pro rata entitlement to the Arrangement.
Repurchase Payment Date: It is anticipated that Shareholders will receive payment in return for their Repurchased Shares on October 7, 2022.
Repurchase Price: $12.58 per Repurchased Share Repurchase Amount: An aggregate of 7,949,125 Repurchased Shares from Shareholders, on a pro rata basis (rounded to the nearest whole Repurchased Share (with half Repurchased Shares being rounded down to the nearest whole Repurchased Share)), for a total amount of approximately $100 million. Security ownership registration: CDS book-based system. Shareholders need not take any action with respect to the Arrangement in order to receive the Repurchase Price to which they are entitled.
Additional information: The Shares will commence trading at the opening of markets on October 3, 2022 on a "post-Arrangement basis" under the present stock symbol Y and the present CUSIP number 985572 10 6.