An anonymous director reports
5BANC SPLIT INC. ANNOUNCES PARTIAL CALL FOR REDEMPTION
5Banc Split Inc. has called 236,260 preferred shares for cash redemption on Dec. 15, 2015, representing approximately 17.98 per cent of the outstanding preferred shares as a result of holders of 236,260 capital shares exercising their special annual retraction rights. The preferred shares shall be redeemed on a pro rata basis, so that holders of record of preferred shares on the close of business on Dec. 11, 2015, will have approximately 17.98 per cent of their preferred shares redeemed. The redemption price of $10 per preferred share will be paid on Dec. 15, 2015. Holders of preferred shares who have been called for redemption will only be entitled to receive dividends on those which have been declared but remain unpaid up to and including Dec. 15, 2015.
As a result, a total of 236,260 preferred and capital shares, or approximately 17.98 per cent of both classes of shares currently outstanding, will be redeemed.
Payments and delivery of cash and common shares owing as a result of shareholders having exercised their retraction privilege and the above notice of call, will be made by the company on Dec. 15, 2015.
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