Mr. Ron Ozols reports
EVITRADE ANNOUNCES FINAL SHARE RECORD DIVIDEND DATE FOR SUBSIDIARIES
Evitrade Health Systems Corp. has set the final share record dividend date for the remaining C&C Cosmeceuticals Corp., trials division and data security subsidiary companies at Wednesday, April 26, 2017. The company will be trading ex dividend of the remaining subsidiary companies as of Monday, April 24, 2017. For C&C Cosmeceuticals, the record date was initially set to be April 24, 2017, subject to being finalized and an exchange bulletin confirmation. The share dividend record date for C&C Cosmeceuticals has now been amended to be April 26, 2017. An exchange bulletin will be released to confirm the details.
As per the shareholder- and court-approved plan of arrangement, the subsidiary companies are to be distributed pro rata to shareholders of record on the share record distribution dates, and the ratio of the distribution to existing shares held is to be determined by management. Management has decided that the distribution shall be on a 1:1 basis.
The purpose as per the plan of arrangement for the subsidiary companies is to be divested from the parent company and operate as independent business units and acquire any assets as determined by any definitive agreements that the companies may enter into.
For further information, shareholders can reference the information circular dated Feb. 6, 2017.
We seek Safe Harbor.
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