PEA pepper residential securities trust no. 30
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News: PEA Pacific Energy Updates On Acquisition Proposal From QIC Private Capital

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    06/09/19
    17:15
    Post #: 40343443

    Sept 6 (Reuters) - Pacific Energy Ltd (PEA) :

    • UPDATES ON A PROPOSAL FROM QIC PRIVATE CAPITAL TO ACQUIRE 100% OF PACIFIC ENERGY BY WAY OF A SCHEME OF ARRANGEMENT
    • INTENDS TO PAY A SPECIAL DIVIDEND TO SHAREHOLDERS OF 6.5 CENTS PER SHARE, CONDITIONAL UPON SCHEME BECOMING EFFECTIVE
    • DIRECTORS OF PACIFIC ENERGY UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS APPROVE SCHEME IN ABSENCE OF A SUPERIOR PROPOSAL
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