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Termination of Reporting Obligations with the U.S. Securities and Exchange Commission

June 21, 2012

HALIFAX, June 21, 2012 /PRNewswire/ – (TSX: EMA) (TSX: EMA.PR.A) (TSX:
EMA.PR.C): Emera Inc. (“Emera”) announces that today it will file a
Form 15F with the United States Securities and Exchange Commission (the
“SEC”) with the intention of removing its common shares from
registration under Section 12(g) of the United States Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and voluntarily
terminating its reporting obligations under Section 15(d) of the
Exchange Act in respect of its common shares, first preferred shares
and debt securities. On March 20, 2012, Emera filed a Post-Effective
Amendment to its Registration Statement on Form F-9 with the SEC,
removing from registration all unsold securities.

Upon making this filing, Emera’s reporting obligations with the SEC,
including its obligations to file annual reports on Form 40-F and
furnish reports on Form 6-K, will immediately be suspended. Emera
expects that its reporting obligations in respect of its common shares,
first preferred shares and debt securities will be terminated effective
90 days after filing the Form 15F with the SEC. Emera is current with its reporting requirements under the Exchange
Act.  Emera will continue to report its financial results in accordance
with U.S. GAAP.

Forward Looking Information

This press release contains forward-looking information and
forward-looking statements which reflect the current views of Emera
with respect to the company’s objectives, plans, financial and
operating performance, business prospects and opportunities. Wherever
used, the word “will”, “expects” and similar expressions identify
forward-looking statements and forward-looking information.
Forward-looking statements and forward-looking information should not
be read as guarantees of future events, performance or results, and
will not necessarily be accurate indications of whether, or the times
at which, such events, performance or results will be achieved. Emera
disclaims any intention or obligation to update or revise any
forward-looking information or forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required under applicable securities laws.

About Emera

Emera Inc. is an energy and services company with $7.0 billion in assets
and 2011 revenues of $2.1 billion. The company invests in electricity
generation, transmission and distribution, as well as gas transmission
and utility energy services. Emera’s strategy is focused on the
transformation of the electricity industry to cleaner generation and
the delivery of that clean energy to market. Emera has interests
throughout northeastern North America, in three Caribbean countries and
in California. More than 80% of the company’s earnings come from
regulated investments. Emera common and preferred shares are listed on
the Toronto Stock Exchange and trade respectively under the symbols
EMA, EMA.PR.A, and EMA.PR.C. Additional information can be accessed at www.emera.com, www.sedar.com, or www.sec.gov.

SOURCE EMERA INC.


Source: PR Newswire