Couche-Tard announces a share split of its Class A and Class B shares

Couche-Tard announces a share split of its Class A and Class B shares

Canada NewsWire

LAVAL, QC, Sept. 4, 2019 /CNW Telbec/ – Alimentation Couche-Tard Inc. (“Couche-Tard”) (TSX: ATD.A) (TSX: ATD.B) announces that the Board of Directors of Couche-Tard has approved a two-for-one split of its Class A multiple voting shares (ATD.A) (the “Class A Shares”) and Class B subordinate voting shares (ATD.B) (the “Class B Shares”) (the “Share Split”). Couche-Tard confirms that it has received the regulatory approval from the Toronto Stock Exchange (“TSX”) with respect to the Share Split.

The record date of the Share Split will be Friday, September 20, 2019, and the payment date will be Friday, September 27, 2019, at which time Couche-Tard’s transfer agent AST Trust Company (Canada) (“AST”) will send shareholders of record a physical share certificate representing one additional Class A Share and one additional Class B Share, respectively for each Class A Share and Class B Share held as of such record date. In addition, AST will electronically issue the appropriate number of Class A Shares and Class B Shares to CDS & Co for distribution to non‑registered shareholders.

The TSX has determined to implement the “due bill” trading procedure in connection with the Share Split. A due bill is an entitlement attached to listed securities undergoing a material corporate action, such as the Share Split. In this case, anyone purchasing a Class A Share or a Class B Share of Couche‑Tard during the period commencing one trading day before the record date (i.e. Thursday, September 19, 2019) and ending on the payment date (i.e. Friday, September 27, 2019) inclusively (the “due bill period”) shall receive a payable right. Any trades that are executed on the TSX during the due bill period will be identified to ensure purchasers of Class A Shares or Class B Shares receive the entitlement.

The Class A Shares and the Class B Shares will commence trading on an “post-split” basis on Monday, September 30, 2019, as of which date purchases of Couche-Tard’s Class A Shares and Class B Shares will no longer have an attaching entitlement.

The due bill redemption date will be Tuesday, October 1, 2019.

After the record date of the Share Split (i.e. Friday, September 20, 2019) and as a result of the Share Split Couche‑Tard’s quarterly dividend, as such dividend may be declared by the Board of directors of Couche-Tard, will go from $0.125 to $0.0625 per share for each of the Class A Shares and Class B Shares.

About Alimentation Couche-Tard Inc.

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of the number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries (Norway, Sweden and Denmark), in the Baltic countries (Estonia, Latvia and Lithuania), as well as in Ireland, and has an important presence in Poland.

As of July 21, 2019, Couche-Tard’s network comprised 9,792 convenience stores throughout North America, including 8,565 stores with road transportation fuel dispensing. Its North American network consists of 19 business units, including 15 in the United States covering 48 states and 4 in Canada covering all 10 provinces. Approximately 109,000 people are employed throughout its network and at its service offices in North America. In addition, through CrossAmerica Partners LP, Couche-Tard supplies road transportation fuel under various brands to more than 1,300 locations in the United States.

In Europe, Couche-Tard operates a broad retail network across Scandinavia, Ireland, Poland, the Baltics and Russia through ten business units. As of July 21, 2019, Couche-Tard’s network comprised 2,706 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated fuel stations which only offer road transportation fuel. Couche-Tard also offers other products, including aviation fuel and energy for stationary engines. Including employees at branded franchise stores, approximately 24,000 people work in its retail network, terminals and service offices across Europe.

In addition, under licensing agreements, approximately 2,250 stores are operated under the Circle K banner in 16 other countries and territories (Cambodia, China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Jamaica, Macau, Mexico, Mongolia, New Zealand, Saudi Arabia, the United Arab Emirates and Vietnam), which brings the worldwide total network to more than 16,000 stores.

For more information on Alimentation Couche-Tard Inc. or to consult its quarterly Consolidated Financial Statements and Management Discussion and Analysis, please visit: https://corpo.couche-tard.com.

Forward-Looking Statements

The statements set forth in this press release, which describes Couche-Tard’s objectives, projections, estimates, expectations or forecasts, may constitute forward‑looking statements within the meaning of securities legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated in or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche‑Tard’s actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in the reports filed by Couche-Tard with securities regulatory authorities in Canada. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of the release.

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SOURCE Alimentation Couche-Tard Inc.

View original content: http://www.newswire.ca/en/releases/archive/September2019/04/c3183.html

Interlapse Technologies Corp. Completes 2-for-1 Forward Stock Split

Interlapse Technologies Corp. Completes 2-for-1 Forward Stock Split

Canada NewsWire

VANCOUVER, Aug. 29, 2019 /CNW/ - Virtual currency applications developer, Interlapse Technologies Corp., listed on the TSX Venture exchange, (trading symbol: INLA) advises that further to the Company’s press release dated August 15, 2019, Interlapse’s common stock has now commenced trading on a 2-for-1 forward split basis.

As a result of the forward stock split, Interlapse has 17,465,644 shares issued (20,075,644 shares fully diluted).

The stock split is intended to enhance the capital structure, create additional liquidity and attract a broader range of investors.

Invest in the Future!
Interlapse (TSXV: INLA) is a Vancouver, Canada based FinTech company with a suite of products designed to drive the mass adoption of virtual currencies. Our coincurve.com platform, with payment and financial infrastructure, accelerates the global mega trend of virtual currency adoption and the transformation of money. To learn more, visit https://interlapse.com

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Interlapse. In making the forward-looking statements, Interlapse has applied certain assumptions that are based on information available, including Interlapse’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Interlapse does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE Interlapse Technologies Corp.

View original content: http://www.newswire.ca/en/releases/archive/August2019/29/c8177.html

Interlapse Announces 2-for-1 Forward Stock Split

Interlapse Announces 2-for-1 Forward Stock Split

PR Newswire

VANCOUVER, Aug. 15, 2019 /PRNewswire/ – Virtual currency applications developer, Interlapse Technologies Corp. (TSXV: INLA), announces that it will forward split its common shares on the basis of two (2) new common shares for each one (1) old common share. All shareholders of record on August 23, 2019 will be entitled to the stock split.

Interlapse currently has 8,732,822 common shares issued and outstanding, which will be increased to approximately 17,465,644 common shares after the stock split is completed.

The stock split is intended to create additional liquidity and attract a broader range of investors.

Shareholders do not need to take any action with respect to the stock split. Interlapse’s transfer agent will send owners of common shares a DRS advice letter in lieu of a share certificate, which will represent the additional number of common shares to be received as a result of the stock split. 

As per TSXV policy, the stock split is being conducted on a “push-out” basis and therefore Interlapse’s CUSIP number will remain the same. The common shares of Interlapse will trade on a due bill basis from August 22, 2019 to August 28, 2019, being the effective date for the share subdivision, inclusively. A due bill is an entitlement attached to listed securities undergoing a material corporate action, such as a stock split. In this instance, the entitlement is to the additional common shares issuable as a result of the stock split. Any trades that are executed on the TSXV during this period will be flagged to ensure purchasers receive the entitlement to the additional common shares issuable as a result of the stock split. Interlapse’s common shares will commence trading on a split-adjusted basis on August 29, 2019, at which time, the common shares will no longer have entitlement to additional common shares. The due bill redemption date will be August 30, 2018.

About Interlapse Technologies Corp.
Based in Vancouver, Canada, Interlapse is developing the next generation of virtual currency applications.  Our coincurve.com platform, with payment and financial infrastructure, accelerates the global mega trend of virtual currency adoption and the transformation of money.

Interlapse is a publicly traded company on Canada’s TSX Venture Exchange, trading symbol: INLA. Interlapse has 8,732,822 shares issued (10,037,822 fully diluted).

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Interlapse. In making the forward-looking statements, Interlapse has applied certain assumptions that are based on information available, including Interlapse’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Interlapse does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE Interlapse Technologies Corp.