02:12:31 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Industrial Alliance Insurance and Financial S
Symbol IAG
Shares Issued 109,523,110
Close 2018-03-26 C$ 51.69
Market Cap C$ 5,661,249,556
Recent Sedar Documents

Industrial to seek shareholder nod re iA deal May 10

2018-03-26 09:27 ET - News Release

An anonymous director reports

IA FINANCIAL GROUP OBTAINS INTERIM ORDER FOR PLAN OF ARRANGEMENT

Industrial Alliance Insurance and Financial Services Inc. has obtained an interim order from the Superior Court of Quebec in connection with the arrangement transaction with iA Financial Corp. Inc., previously announced in February, 2018. The interim order, among other things, authorizes the company to call and hold an annual meeting of the company's common shareholders and participating policyholders combined with a special meeting of common shareholders, at which common shareholders will be asked to approve the previously announced arrangement under the Companies Act (Quebec) with respect to the company and under the Business Corporations Act (Quebec) with respect to iAFC. In accordance with the interim order, the meeting will be held on May 10, 2018, at the Quebec City Convention Centre, 1000 Rene-Levesque Blvd. East, Quebec City, Que., at 2 p.m. Eastern Time.

As previously disclosed, the company entered into an arrangement agreement with iAFC and the board of directors of the company is unanimously recommending that common shareholders vote in favour of a plan of arrangement giving effect to the arrangement that, upon completion, would result in iAFC becoming a holding company as well as the parent corporation holding all outstanding common shares of the company.

The hearing date for the application for the final order of the court has been scheduled to take place at 9:30 a.m. Eastern Time on May 17, 2018. If the court and all necessary statutory and regulatory approvals are obtained and the conditions to completion of the arrangement are satisfied or waived, the company currently expects that the arrangement will close before the end of 2018.

The record date for determining the common shareholders entitled to receive notice of and to vote at the meeting is March 23, 2018. All common shareholders are encouraged to vote in person or by proxy at the meeting. The company intends to mail the notice of meeting and the management proxy circular, together with a form of proxy to common shareholders of record, by April 10, 2018. The meeting materials will be available on SEDAR under the company's profile.

About Industrial Alliance Insurance and Financial Services Inc.

Founded in 1892, iA Financial Group is one of the largest insurance and wealth management companies in Canada. It also operates in the United States. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.

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