Clarke announces the successful amendment of the terms of its 6.00% debentures due December 31, 2013
HALIFAX, Jan. 25, 2013 /CNW/ – Clarke Inc. (“Clarke”) (TSX: CKI
CKI.DB.A) announced today that at a serial meeting of holders of its
6.00% convertible unsecured subordinated debentures due December 31,
2013 (the “Debentures”), Clarke obtained approval to extend the
maturity date for the Debentures from December 31, 2013 to December 31,
2018. All other terms of the Debentures remain the same. At the
meeting, 53% of the Debentures voted on the proposed extension of the
maturity date and 69% of the Debentures voted in favour of such
The extension of maturity date will be effective on signing of the
second supplemental indenture by the company and Computershare Trust
Company of Canada.
There are currently $62,296,300 principal amount of Debentures issued
George Armoyan, President and CEO of Clarke commented: “We would like to
take this opportunity to extend our gratitude to those who have voted
for the proposed Debenture amendments and who have demonstrated their
continued support of Clarke. We will continue to work to create value
for all stakeholders of Clarke.”
Halifax-based Clarke invests in a variety of private and publicly-traded
businesses and participates actively where necessary to enhance
performance and increase return. Clarke’s securities trade on the
Toronto Stock Exchange (CKI; CKI.DB.A); for more information about
Clarke, please visit our website at www.clarkeinc.com.
SOURCE CLARKE INC.