Saturday, November 27 2021

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) – Jade Power Trust (“Jade Power” or the “Trust”) (TSXV: JPWR.UN) is pleased to announce that the TSX Venture Exchange (the “TSX-V Has accepted the Trust’s request for its normal course issuer bid (the previously announced “Common Share Repurchase Offer”) for up to 11,560,812 Trust Units ( the “units”) in the capital of the Trust, representing 5% of the issued and outstanding units, over a period of 12 months.

The public tender offer will begin on September 17, 2021 and will continue until September 16, 2022 (the “termination date”) or earlier in the event that the trust has acquired the maximum number of units that it can purchase in as part of the issuer bid or if the Trust determines that it is appropriate to terminate the issuer bid prior to the termination date. The actual number of Units to be purchased under the issuer bid, if any, and the timing of such purchases will be determined by the Trust from time to time. All purchases made under the public tender offer will be made through the TSX-V in connection with open market transactions or by any other means permitted by applicable securities laws and regulations. TSX-V policies. All units purchased under the public tender offer will be canceled.

The Trust has retained the services of Canaccord Genuity Group Inc. as the broker through which the Trust will make purchases under the tender offer, which purchases will be made in accordance with the policies of the TSX Venture Exchange. . The price that the Trust will pay for Units purchased under the tender offer, if any, will be the market price for such Units at the time of the applicable purchases.

Management of the Trust and the board of directors (the “Board of Directors) of the administrator of the Trust, Jade Power Administrator Inc., believe that the current market price of the Units does not adequately reflect their value and that the Purchasing Units under the issuer bid is in the best interests of the Trust, a desirable use of its available cash and will increase value to Unitholders generally. To the knowledge of the Trust, no director, officer or other insider of the Trust presently intends to sell any units under the public tender offer.

Colter Eadie, CEO of Jade Power, said: “Management and the Board of Directors have concluded that the most profitable use of the excess cash currently generated by the Trust’s operations is to repurchase units in the Trust. within the framework of the public buyback offer in the normal course of business. We believe that the tender offer will enhance the liquidity of the Units and be an accretive use of cash that will benefit Unitholders in the long term. “

For more information, please contact:

About Jade Power

The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, was incorporated to acquire interests in renewable energy assets in Romania, other European countries and overseas which can provide stable cash flow to the Trust and appropriate risk. adjusted return on investment. The Trust intends to qualify as a “mutual fund trust” under the Income Tax Act (Canada) (the “Tax Act”). The Trust will not be a “SIFT Trust” (as defined in the Tax Act) provided that the Trust complies at all times with its investment restriction which prohibits the Trust from holding “non-portfolio property. ”(Within the meaning of the Tax Act Act). All material information about the Trust can be found under Jade Power’s issuer profile at www.sedar.com.

Forward-looking statements

The statements contained in this press release contain forward-looking information. This forward-looking information may be identified by words such as “plans”, “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “could” and “May”. Forward-looking statements are based on the expectations and assumptions made by the Trust. Details of the risk factors associated with Jade Power and its activities are set out under the heading “Business Risks and Uncertainties” in the Trust’s Annual MD&A for the year ended December 31, 2020, a copy of which is available at Jade Power’s SEDAR. profile to www.sedar.com. Most of these factors are beyond the control of the Trust. Investors are cautioned not to place undue reliance on forward-looking information. These statements speak only as of the date of this press release. Unless otherwise provided in applicable securities laws or regulations, Jade Power expressly disclaims any intention or obligation to publicly update forward-looking information, whether as a result of new information, future events or otherwise.

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


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