15:37:04 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Axia NetMedia Corp
Symbol AXX
Shares Issued 63,930,064
Close 2016-07-28 C$ 4.24
Market Cap C$ 271,063,471
Recent Sedar Documents

Axia NetMedia completes going-private transaction

2016-07-29 09:57 ET - News Release

Mr. Art Price reports

AXIA NETMEDIA AND PARTNERS GROUP COMPLETE GOING PRIVATE TRANSACTION

Axia NetMedia Corp. and Partners Group AG have completed the plan of arrangement announced on March 9, 2016, involving Axia, the holders of common shares of Axia and Digital Connection (Canada) Corp., an entity owned by investment vehicles managed and/or advised by Partners Group or its affiliates. Pursuant to the arrangement, the purchaser has acquired all of the outstanding shares in exchange for cash consideration of $4.25 per share. It is anticipated that the shares will be delisted from trading at the close of markets on the Toronto Stock Exchange on or about Aug. 2, 2016.

Axia understands that beneficial shareholders can typically expect payment approximately five to seven business days after closing. Beneficial holders hold their shares through an intermediary such as a bank, broker or investment firm.

Registered shareholders who have not already done so should submit their certificates representing shares to Computershare Investor Services Inc., the depositary pursuant to the arrangement, together with a completed letter of transmittal, in accordance with the instructions set out therein, in order to receive the cash consideration that they are entitled to receive pursuant to the arrangement. Registered shareholders hold a certificate representing their shares. Letters of transmittal were previously sent to shareholders and additional copies may be obtained by contacting Computershare Investor Services by telephone at 1-800-564-6253 (North America toll-free) or 1-514-982-7555 (outside of North America) or by e-mail at corporateactions@computershare.com; copies are also available under Axia's profile on SEDAR.

Further details regarding the arrangement can be found in Axia's management information circular dated April 7, 2016, which is filed on Axia's SEDAR profile and is available on Axia's website.

We seek Safe Harbor.

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