VANCOUVER, Feb. 18, 2014 /CNW/ - WesternOne Inc. (TSX: WEQ, WEQ.DB,
WEQ.DB.B and WEQ.DB.C) ("WesternOne") today announced that its Board of
Directors has approved a cash dividend of $0.05 per share for the month
of February 2014 (equivalent to $0.60 per share on an annualized
basis). This dividend will be paid on March 17, 2014 to shareholders of
record at the close of business on February 28, 2014.
During January 2014, 31,545 common shares were issued at $5.25 per share
in connection with the conversion of $165,000 principal amount in 8.5%
Convertible Unsecured Subordinated Debentures (plus accrued interest),
3,340 common shares were issued at $7.50 per share in connection with
the conversion of $25,000 principal amount in 8% Convertible Series 2
Unsecured Subordinated Debentures (plus accrued interest) and 843,000
common shares were issued at $7.68 per share in connection with the
previously announced over-allotment option exercise. As at January 31,
2014, WesternOne had 31,037,584 common shares, $3,292,000 principal
amount of 8.5% Convertible Unsecured Subordinated Debentures,
$71,077,000 principal amount of 8% Convertible Series 2 Unsecured
Subordinated Debentures and $51,750,000 principal amount of 6.25%
Convertible Series 3 Unsecured Subordinated Debentures outstanding.
The policy of WesternOne is to pay cash dividends on or about the 15th
day of each month to shareholders of record on the last business day of
the preceding month.
WesternOne today also announced the scheduling of its Q4 2013 Financial
Results Conference Call. Robert King, CEO, Carlos Yam, CFO and Geoff
Shorten, President & COO, of WesternOne, Mike Ridley, President of
Britco and Chris Gardner EVP of Britco will host a conference call at
4:30pm (Eastern time) or 1:30pm (Pacific time), on Thursday March 13,
2014, to review the financial results and corporate developments for
the year ended December 31, 2013.
To participate in this conference call, please dial one of the following
numbers approximately 10 minutes prior to the commencement of the call,
and ask to join the WesternOne conference call.
|
Dial in numbers:
|
|
|
Toll Free
|
|
|
|
|
|
|
1-888-390-0546
|
| |
|
|
International or Local Toronto
|
|
|
|
|
|
|
1-416-764-8688
|
Conference Call Replay
If you cannot participate on March 13, 2014, a replay of the conference
call will be available by dialing one of the following replay numbers.
You will be able to dial in and listen to the conference two hours
after the meeting end time, and the replay will be available until
March 20, 2014. Please enter the Replay ID number 706943 followed by
the # key.
|
Replay Dial-In:
|
|
|
Toll Free
|
|
|
|
|
|
|
1-888-390-0541
|
| |
|
|
International or Local Toronto
|
|
|
|
|
|
|
1-416-764-8677
|
About WesternOne
WesternOne seeks to acquire and grow businesses in the construction and
infrastructure services sector in order to generate stable and growing
dividends to its shareholders and to achieve capital appreciation.
Additional information about WesternOne is available at www.weq.ca or www.sedar.com.
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE WesternOne Inc.
