Iplayco Announces Results of Special Meeting of Shareholders

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(TheNewswire)



Langley, BC / TheNewswire / September 17, 2018 - Iplayco Corporation Limited (TSX VENTURE: IPC) (“Iplayco” or the “Corporation”) is pleased to announce that shareholders have voted in favour of all items of business brought before them at the Corporation's Special Meeting of Shareholders (the “Meeting”) held in Toronto, Ontario on September 13, 2018.

At the Meeting, minority Shareholders approved an ordinary resolution approving the repurchase by the Corporation for cancellation of 10,650,000 of its common shares from its majority Shareholder, FAS Entertainment B.C. Ltd., pursuant to a Share Purchase Agreement between the Corporation, Iplayco Canada Inc., FAS Entertainment B.C. Ltd., Saudi FAS Holding Company, and Billy Games Company Ltd. dated July 18, 2018 (the “Share Purchase Agreement”), all as more particularly described in the management information circular (the “Management Information Circular”) for the Meeting dated August 1, 2018. The transactions contemplated by the Share Purchase Agreement are expected to close on or about September 19, 2018 and remain subject to final approval of the TSX Venture Exchange. A copy of the Share Purchase Agreement and Management Information Circular can be viewed at www.sedar.com.

The Shareholders also approved an ordinary resolution ratifying, confirming and approving an amendment made to By-law No. 1 of the Corporation to include provisions requiring advance notice of director nominees from Shareholders (the “Advance Notice Provisions”). A copy of the Advance Notice Provisions can be viewed at www.sedar.com.

 

About Iplayco Corporation Limited

Iplayco is a global leader in the design and supply of premium-quality, fun, safe and durable indoor playgrounds for children. In its 19-year history, Iplayco has supplied playgrounds to over 60 countries worldwide. For more information, please visit www.iplaycoltd.com.

 

Follow Iplayco Online

Twitter:        https://twitter.com/IPLAYCO

Facebook:        https://www.facebook.com/IPLAYCO

YouTube:        https://www.youtube.com/user/Iplayco       

LinkedIn:        https://www.linkedin.com/groups/4119194

RSS: http://www.iplaycoltd.com/Rss.html

 

Cautionary Note Regarding Forward-looking Statements

This news release contains “forward-looking statements” and certain “forward-looking information”, within the meaning of applicable Canadian securities legislation, concerning the business, operations, financial performance and condition of the Corporation. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expected to”, “intend”, “continue”, “plans”, or similar terminology.

Forward-looking statements and information are based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of the Corporation to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Iplayco will operate in the future including but not limited to statements with respect to the completion of the transactions contemplated by the Share Purchase Agreement, the requisite regulatory approvals in respect thereof, and the expected timing of the closing of the transactions contemplated by the Share Purchase Agreement.

Forward-looking statements and information are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Iplayco to be materially different from those expressed or implied by such forward-looking statements and information, including but not limited to: risks related to the requirement for regulatory approvals for the transactions contemplated by the Share Purchase Agreement and adoption of advance notice by-law, risks related to the transactions contemplated by the Share Purchase Agreement not being completed in the event that the conditions precedent thereto are not satisfied. Although Iplayco has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements and information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements or information. Iplayco does not undertake to update any forward-looking information that are contained or are incorporated by reference, except in accordance with applicable securities laws.

Important factors that could cause actual results to differ materially from the Corporation’s expectations are disclosed elsewhere in documents that are available to the public.

For more information, please contact:

Iplayco Corporation Limited

Max Liszkowski

Chief Financial Officer and Corporate Secretary

Tel: 604-607-1111

[email protected]

 

This announcement is for informational purposes only and does not constitute an offer to purchase, a solicitation of an offer to sell the shares or a solicitation of a proxy.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Copyright (c) 2018 TheNewswire - All rights reserved.