Nuuvera’s Shareholders Approve Arrangement Deal with Aphria

Nuuvera (TSXV:NUU) announced its special meeting of shareholders voted in favor of Aphria (TSX:APH; OTC:APHQF) acquiring all of the issued and outstanding shares of Nuuvera not already owned by it.

As quoted in the press release:

The Arrangement required approval by: (i) 66⅔ [percent] of the votes cast by shareholders present in person or represented by proxy at the Meeting; and (ii) a simple majority of the votes cast by shareholders present in person or represented by proxy at the Meeting, excluding the votes cast by such shareholders as are required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“).

A total of 60,129,430 Nuuvera shares, representing approximately 67.15 [percent] of the outstanding Nuuvera shares, were represented in person or by proxy at the Meeting. Of the votes cast with respect to the Arrangement, an aggregate of 60,073,288 Nuuvera shares were voted in favor of the Arrangement, representing approximately 99.90% of the votes cast on the resolution.  In addition, an aggregate of 47,193,288 Nuuvera shares, representing approximately 99.88 [percent] of the votes cast on the resolution excluding such shareholders as are required to be excluded pursuant to MI 61-101, were voted in favor of the Arrangement.

Click here to read the full press release.

Source: www.newswire.ca