Company's recent change of ownership

On July 16, 2013, Industrial Alliance Insurance and Financial Services Inc. and Jovian Capital Corporation entered into a definitive arrangement agreement pursuant to which, among other things, Industrial Alliance agreed to acquire each issued and outstanding Jovian common share in exchange for, at the holder's election, $10.23 in cash or 0.2386 common shares of Industrial Alliance.

Concurrent with the execution of the arrangement agreement, Industrial Alliance entered into voting support agreements with each of the directors and executive officers of Jovian and Strongwater Investments Ltd., a major shareholder of Jovian, which, among other things, required the parties thereto to vote the Jovian common shares held by them in favour of the arrangement agreement.

For a detailed summary of the arrangement agreement and other information in respect of the transactions thereunder, please refer to the management proxy circular of Jovian dated August 9, 2013. Copies of the arrangement agreement, voting support agreements and circular are available under Jovian's SEDAR profile at www.sedar.com.

On October 1, 2013, Industrial Alliance acquired ownership and control of 8,988,050 common shares of Jovian Capital Corporation being all of the issued and outstanding common shares of Jovian. pursuant to a court approved plan of arrangement carried out under Section 192 of the Canada Business Corporations Act.

On October 3, 2013 the common shares of Jovian Capital Corporation under the ticker JOV were delisted from the Toronto Stock Exchange and the company ceased to be a reporting issuer as of November 5, 2013.

Effective January 1st 2014, Jovian Capital Corporation and Jovian Asset Management Inc. were amalgamated under the name Jovian Capital Corporation.

 

10/15/09
Click here to view the Catalyst Equity Research - research report


10/11/07
Click here to view the Mark Arthur, President, Jovian Capital Corporation on BNN's Power Breakfast
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