Toronto, Ontario--(Newsfile Corp. - November 5, 2024) - Givex Corp. (TSX: GIVX) (OTCQX: GIVXF) – ("Givex" or the "Company") is pleased to announce that Givex has obtained a final order of the Ontario Superior Court of Justice (Commercial List) approving the previously-announced plan of arrangement under Section 182 of the Business Corporations Act (Ontario) (the "Arrangement") with Shift4 Payments, Inc. ("Shift4"), pursuant to which Shift4 has agreed to acquire all of the issued and outstanding shares of Givex for cash consideration of $1.50 per share.
The completion of the Arrangement remains subject to the satisfaction or waiver of certain conditions precedent customary for transactions of this nature. Assuming the satisfaction or waiver of these conditions precedent, the Arrangement is expected to be completed on or about November 8, 2024. Following completion of the Arrangement, the common shares of Givex are expected to be de-listed from the Toronto Stock Exchange and applications have been made for Givex to cease to be a reporting issuer and an offering corporation.
Shareholder Assistance
Givex shareholders who have questions or who require assistance with depositing their shares in connection with the Arrangement may contact Odyssey Trust Company toll free at 1-888-290-1175 or by visiting www.odysseytrust.com/ca-en/help.
About Givex Corp.
Since 1999, Givex has provided technology solutions that unleash the full potential of engagement, creating and cultivating powerful connections that unite brands and customers. With a global footprint of 132,000+ active locations across more than 100 countries, Givex unleashes strategic insights, empowering brands through reliable technology and exceptional support. Givex's integrated end-to-end management solution provides Gift Cards, GivexPOS, Loyalty Programs and more, creating growth opportunities for businesses of all sizes and industries. Learn more about how to streamline workflows, tackle complex challenges and transform data into actionable insights at www.Givex.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to: the Arrangement (including the terms, timing, closing and conditions precedent thereto), the timing of closing of the Arrangement, de-listing of the common shares of Givex from the Toronto Stock Exchange (including timing and effect thereof) and the applications of Givex to cease to be a reporting issuer and an offering corporation (including the timing thereof). Such forward-looking information necessarily involves known and unknown risks and uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to: the customary risks associated with the Arrangement (including with respect to the conditions precedent thereto). Therefore, forward-looking information should be considered carefully and undue reliance should not be placed on such information. Please note that forward-looking information in this news release reflects management's expectations as of the date hereof, and therefore is subject to change. Givex disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Additional information on these and other factors that could affect Givex's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca) and at Givex's website (www.Givex.com).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228987
