Yellow Pages Limited Reports on Voting Results and Announces Approval of the Arrangement at its Annual General and Special Meeting of Shareholders
Yellow Pages Limited Reports on Voting Results and Announces Approval of the Arrangement at its Annual General and Special Meeting of Shareholders |
| [11-June-2026] |
MONTREAL, June 11, 2026 /CNW/ - Yellow Pages Limited (TSX: Y) (the "Company"), a leading Canadian digital media and marketing company, today announced that all resolutions presented at its Annual General and Special Meeting of the Shareholders (the "Meeting") held virtually today were duly passed, and specifically that the shareholders of the Company (the "Shareholders") approved the Company's previously announced arrangement under the Business Corporation Act (British Columbia) (the "Arrangement").
Under the Arrangement, the Company will repurchase from Shareholders pro rata an aggregate of 2,037,489 common shares at a purchase price of $12.27 per share, which represents the volume weighted average price for the five consecutive trading days ending the trading day immediately prior to The Arrangement remains subject to the receipt of the approval of the Supreme Court of British Columbia (the "Court"). The Court hearing for obtaining a final order approving the Arrangement is currently scheduled to take place on June 15, 2026 and the Arrangement is expected to close on June 22, 2026. Additional information regarding the terms of the Arrangement is set out in the Company's management proxy circular dated May 1, 2026, which is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.corporate.yp.ca. About YellowPagesLimited Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada's leading local online properties including YP.ca, Canada411 and 411.ca. The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca. CautionConcerningForward-LookingStatements This press release contains certain forward-looking statements about the Arrangement within the meaning of applicable securities laws. Completion of the Arrangement is subject to a number of risks. Risks that could impact the Arrangement are discussed in section 5 of our May 13, 2026 Management's Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. SOURCE Yellow Pages Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company Codes: Toronto:Y | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
