RE:RE:HWO Schachter Presentation...I like slide 17 but I don't see them removing the nonsense about spinning it off......... did I miss it.
slide 16
h a e s . c a
RETURN OF CAPITAL & REORGANIZATION
16
Opportunity for a one-time tax-free return of capital up to $38.2m
Current structure is inefficient:
two small businesses
opposite side of the world
management needs to be where they can have the most impact
Key objectives of announced process:
Spin off the International business to shareholders
Return surplus cash to shareholders
Maintain the Corporation as a Canadian tax-protected investment vehicle
Received shareholder feedback, process being assessed for strategic merit, financial, legal,
regulatory, and shareholder concerns
Also appreciated the details on the rental business.