AgJunction Inc. Announces Court Approval for Plan of Arrangement
30 Novembro 2021 - 10:30AM
AgJunction Inc. (TSX: AJX) ("
AgJunction" or the
"
Corporation") is pleased to announce that on
November 29, 2021, it received final approval from the Court of
Queen’s Bench of Alberta for the previously announced plan of
arrangement (the "
Arrangement") pursuant to which
Kubota Canada Ltd., a wholly-owned subsidiary of Kubota
Corporation, will acquire all outstanding common shares of
AgJunction ("
AgJunction Shares") for cash
consideration of CAD $0.75 per AgJunction Share. The Arrangement is
expected to be completed on December 7, 2021. Following completion
of the Arrangement, the AgJunction Shares are expected to be
delisted from the Toronto Stock Exchange.
About AgJunctionAgJunction is a
global leader of advanced guidance and autosteering solutions for
precision agriculture applications. Its technologies are critical
components in over 30 of the world’s leading precision Ag
manufacturers and solution providers and it owns or licenses over
200 patents and patents pending. AgJunction markets its solutions
under leading brand names including Novariant®, Wheelman®, Whirl™
and Handsfreefarm® and is committed to advancing its vision by
bringing affordable hands-free farming to every farm, regardless of
terrain or size. AgJunction is headquartered in Scottsdale,
Arizona, and is listed on the TSX under the symbol "AJX." For more
information, visit www.agjunction.com
Media RelationsEmail: press@agjunction.com
Investor Relations Gateway Investor
RelationsCody Slach or Cody CreeE-mail: AJX@gatewayir.comPhone:
1-949-574-3862
Cautionary Statement Regarding
Forward-Looking Information This press release contains
forward-looking information and forward-looking statements within
the meaning of applicable securities laws and is based on the
expectations, estimates and projections of management of AgJunction
as of the date of this press release, unless otherwise stated. The
use of any of the words "expect", "anticipate", "continue",
"estimate", "objective", "ongoing", "may", "will", "project",
"should", "believe", "plans", "intends" and similar expressions are
intended to identify forward-looking information. In particular,
this press release contains, without limitation, forward-looking
information and statements pertaining to: the expected closing date
of the Arrangement, the ability of the parties to satisfy the
conditions to, and to complete, the Arrangement and delisting of
the AgJunction Shares.
With respect to the forward-looking statements
contained in this press release, AgJunction has made assumptions,
including but not limited to expectations and assumptions that all
necessary conditions will be met for the completion of the
Arrangement. Although AgJunction believes that the expectations
reflected in the forward-looking statements contained in this press
release, and the assumptions on which such forward-looking
statements are made, are reasonable, there can be no assurance that
such expectations will prove to be correct. Readers are cautioned
not to place undue reliance on forward-looking statements included
in this press release, as there can be no assurance that the plans,
intentions or expectations upon which the forward-looking
statements are based will occur.
By their nature, forward-looking statements
involve numerous assumptions, known and unknown risks and
uncertainties that contribute to the possibility that
forward-looking statements will not occur. These risks and
uncertainties include, without limitation, the failure of
AgJunction and Kubota Canada to satisfy the conditions to
completion of the Arrangement, in a timely manner, or at all. The
forward-looking statements contained in this press release are made
as of the date hereof and AgJunction does not undertake any
obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
Readers are cautioned that the forgoing lists of
factors are not exhaustive. Additional information on these and
other factors are included in reports on file with Canadian
securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com) and at AgJunction's website
(AgJunction.com). Furthermore, the forward-looking statements
contained in this press release are made as at the date of this
press release and AgJunction does not undertake any obligation to
update publicly or to revise any of the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws.