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EXFO Inc
> Receipt of Final Court Approval
Post by
Betteryear2 on Aug 20, 2021 6:36pm
Receipt of Final Court Approval
QUEBEC CITY, Aug. 20, 2021 /CNW Telbec/ - EXFO Inc. ("EXFO" or the "Corporation") (NASDAQ: EXFO) (TSX: EXF) is pleased to announce that the Superior Court of Qubec has issued a final order approving the previously announced plan of arrangement with 11172239 Canada Inc. (the "Arrangement"). At the special meeting of EXFO's shareholders held on August 13, 2021, the special resolution approving the arrangement resolution was approved by 99.65% of the votes cast by shareholders, voting together as a single class, as well as 90.95% of the votes cast by holders of subordinate voting shares, excluding votes attached to the subordinate voting shares held, directly or indirectly, by Germain Lamonde and Philippe Morin.
The Arrangement is expected to be completed on or about August 27, 2021, subject to the satisfaction or waiver of customary closing conditions.
Further information regarding the Arrangement is provided in the management information circular dated July 15, 2021.
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