You can use your smart phone to browse stories in the comfort of your hand. Simply browse this site on your smart phone.

    Using an RSS Reader you can access most recent stories and other feeds posted on this network.

    SNetwork Recent Stories

Emera Shareholders Approve Special Resolution Removing Share Restrictions for Non-Canadian Residents

by ahnationtalk on July 12, 201958 Views

HALIFAX, Nova Scotia—- At a special meeting held today, Emera Inc. (TSX:EMA) shareholders voted to amend the company’s articles of association and remove the restrictions preventing non-Canadian residents from holding or voting more than 25 per cent of the company’s voting shares.

Emera believes the removal of this restriction is positive news for shareholders. Emera anticipates this change will improve its ability to attract capital to fund our growth by removing barriers for investors, including global fund managers, whose investment decisions previously may have been influenced by the restrictions.

This amendment follows changes made by the Nova Scotia legislature in April which removed the non-Canadian resident restriction from specific legislative acts governing Emera. The legislation retains the existing restriction of any one shareholder holding more than 15 per cent of voting shares and reinforces Emera’s existing commitment to maintain its head office in Nova Scotia.

Investor Relations
Ken McOnie, 902-428-6945
Kenneth.McOnie@emera.com

or

Erin Power
902-428-6760
Erin.Power@emera.com

Media
Jeff Myrick
902-428-7172

NT4

Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More

CLOSE
CLOSE