VANCOUVER, BC / ACCESSWIRE / December 11, 2015 / Less Mess Storage Inc. ("Less Mess" or the "Company") (TSX VENTURE:LMS) and Less Mess Holdings Inc. (the "Acquiror"), an investment vehicle backed by Metric Capital Partners LLP, Lord Magan of Castletown and Guy Pinsent, are pleased to announce the completion of the previously announced statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) pursuant to which: the Acquiror acquired 100% of the outstanding common shares of the Company (other than Less Mess shares already owned by the Acquiror); and all of the outstanding stock options and share purchase warrants of the Company were cancelled. Further details of the Arrangement are described in the Management Information Circular of Less Mess respecting the special meeting of securityholders (the "Special Meeting") that was mailed to Less Mess securityholders. A copy of the Management Information Circular is filed under the Company's profile on SEDAR at www.sedar.com.
In connection with the Arrangement, the Company has applied to delist its common shares from the TSX Venture Exchange.
In order to receive consideration for their Less Mess shares, registered holders of shares must deliver a properly completed letter of transmittal (the "Letter of Transmittal") and certificate(s) representing their shares, along with any other required documents, to Computershare Investor Services Inc. ("Computershare") at the address specified in the Letter of Transmittal. The Letter of Transmittal was mailed to the registered shareholders of the Company along with the Management Information Circular of Less Mess respecting the Special Meeting and is also available under the Company's profile on SEDAR at www.sedar.com or by contacting Computershare directly. The Letter of Transmittal is for use by registered holders of Less Mess shares only and is not to be used by non-registered beneficial holders of Less Mess shares (the "Beneficial Shareholders"). A Beneficial Shareholder does not hold Less Mess shares in its own name and such shares are held by an intermediary. Beneficial Shareholders should contact their intermediary for instructions and assistance in delivering certificates representing Less Mess shares and receiving consideration for their shares.
Holders of Less Mess stock options and Less Mess share purchase warrants are not required to complete and return a Letter of Transmittal to receive their consideration, if any, payable under the Arrangement for such options or warrants, which consideration will be paid automatically.
About the Company
Less Mess Storage Inc. owns and operates the largest self-storage chain in Central and Eastern Europe, with a portfolio of five stores, two in Warsaw (both freehold) and three in Prague (two freehold, one leasehold), offering over 180,000 square feet of net lettable area. The Company plans to add additional stores and rentable space in Warsaw and Prague in the future. The Company's registered and records office is located in Vancouver, British Columbia, its operations head office is located in Warsaw, Poland, and it also has offices in Prague, Czech Republic.
ON BEHALF OF THE BOARD
"Peter Smith"
Chairman of the Board
VP Corporate Development
Less Mess Storage Inc.
Phone: (778) 999-7030
pete@lessmess-storage.com
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This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may," "would," "could," "should," "will," "likely," "expect," "anticipate," "intend," "estimate," "plan," "forecast," "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: changes in economic conditions or financial markets; changes in prices for the Company's products and services; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties; and labour relations matters.
This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Except as required by law, the Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Less Mess Storage Inc.