Mr. Michael Barrett reports
ELEMENT ANNOUNCES UPCOMING EXPIRY OF CONVERSION PRIVILEGE IN CONNECTION WITH THE MATURITY OF THE 4.25% EXTENDIBLE CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES DUE JUNE 30, 2020
Element Fleet Management Corp., in connection with the scheduled maturity of its 4.25 per cent extendible convertible unsecured subordinated debentures due June 30, 2020, and in accordance with Section 6.2 of the trust indenture dated May 29, 2015, between Element and Computershare Trust Company of Canada, governing the terms and conditions of the debentures, has provided the registered holder of the debentures with the notice required under the indenture of the upcoming expiry of the conversion privilege to convert the debentures into common shares in the capital of the company pursuant to the terms of the indenture.
The debenture conversion privilege will expire at 11 a.m. Toronto time on Monday, June 29, 2020, being the last business day prior to the maturity date. Beneficial owners who wish to exercise their debenture conversion privilege should communicate with their broker or other nominee to obtain instructions for exercising such debenture conversion privilege.
About Element Fleet Management
Element Fleet Management is a leading global fleet management company, providing world-class services and financing for commercial vehicle fleets. The company enjoys scale and leadership in key markets, a top-tier client base, strong cash flow and ready access to capital, and an investment-grade balance sheet.
We seek Safe Harbor.
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