Voting interest

Fastly Announces Conversion of Class B Common Stock into Class A Common Stock

Retrieved on:

Monday, July 12, 2021

Technology, Networks, Internet, Data management, Financial markets, Equity securities, Financial economics, Finance, Corporate finance, Stock market, Preferred stock, Common stock, Stock, New York Stock Exchange, Fastly, Voting interest

Fastly, Inc. (NYSE: FSLY), provider of an edge cloud platform, today announced that all outstanding shares of its Class B common stock automatically converted into Class A common stock on a one-for-one basis, effective at 5:00 p.m.

Key Points:

Fastly, Inc. (NYSE: FSLY), provider of an edge cloud platform, today announced that all outstanding shares of its Class B common stock automatically converted into Class A common stock on a one-for-one basis, effective at 5:00 p.m.
The conversion had no effect on the economic rights of holders of shares of Class A common stock or Class B common stock, except for the elimination of the different voting powers of the two classes of stock.
The conversion occurred automatically pursuant to Fastly's certificate of incorporation as a result of the number of outstanding shares of Class B common stock representing less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A common stock and Class B common stock as of October 12, 2020, nine months prior to the date of conversion.
The former holders of Class B common stock now have Class A common stock with the same voting powers, preferences, rights and qualifications, limitations and restrictions as the Class A common stock.

Brookfield Renewable Corporation Announces Results of Annual Meeting of Shareholders

Retrieved on:

Tuesday, June 22, 2021

Financial economics, Equity securities, Stock market, Finance, Corporations, Corporate finance, Common stock, Voting interest, Shareholder, Board of directors, Voting, Brookfield, Connecticut

BROOKFIELD, NEWS, June 22, 2021 (GLOBE NEWSWIRE) -- Brookfield Renewable Corporation (the Corporation) (TSX, NYSE: BEPC) today announced that all nine nominees proposed for election to the board of directors by holders of class A exchangeable subordinate voting shares (Exchangeable Shares) and holders of class B multiple voting shares (Class B Shares) were elected at the companys annual meeting of shareholders held on June 22, 2021 in a virtual meeting format.

Key Points:

BROOKFIELD, NEWS, June 22, 2021 (GLOBE NEWSWIRE) -- Brookfield Renewable Corporation (the Corporation) (TSX, NYSE: BEPC) today announced that all nine nominees proposed for election to the board of directors by holders of class A exchangeable subordinate voting shares (Exchangeable Shares) and holders of class B multiple voting shares (Class B Shares) were elected at the companys annual meeting of shareholders held on June 22, 2021 in a virtual meeting format.
Detailed results of the vote for the election of directors are set out below.
In accordance with the Corporations articles, each Exchangeable Share was entitled to one vote per share, representing a 25% voting interest in the Corporation in the aggregate, and the Class B Shares were entitled to a total of 516,630,939 votes in the aggregate, representing a 75% voting interest in the Corporation.
The following is a summary of the votes cast by holders of Exchangeable Shares and Class B Shares, voting together as a single class, in regard to the election of the nine directors:

Brookfield Infrastructure Corporation Announces Results of Annual Meeting of Shareholders

Retrieved on:

Thursday, June 17, 2021

Equity securities, Financial economics, Corporate finance, Finance, Stock market, Common stock, Voting interest, Shareholder, Board of directors, Voting, Class B share

BROOKFIELD, NEWS, June 17, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Corporation (the Corporation) (TSX, NYSE: BIPC) today announced that all eight nominees proposed for election to the board of directors by holders of class A exchangeable subordinate voting shares (Exchangeable Shares) and holders of class B multiple voting shares (Class B Shares) were elected at the Corporations annual meeting of shareholders held on June 17, 2021 in a virtual meeting format.

Key Points:

BROOKFIELD, NEWS, June 17, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Corporation (the Corporation) (TSX, NYSE: BIPC) today announced that all eight nominees proposed for election to the board of directors by holders of class A exchangeable subordinate voting shares (Exchangeable Shares) and holders of class B multiple voting shares (Class B Shares) were elected at the Corporations annual meeting of shareholders held on June 17, 2021 in a virtual meeting format.
Detailed results of the vote for the election of directors are set out below.
In accordance with the Corporations articles, each Exchangeable Share was entitled to one vote per share, representing a 25% voting interest in the Corporation in the aggregate, and the Class B Share was entitled to a total of 134,851,146 votes in the aggregate, representing a 75% voting interest in the Corporation.
The following is a summary of the votes cast by holders of Exchangeable Shares and Class B Shares, voting together as a single class, in regard to the election of the eight directors:

Nuvei Announces US$500 Million Bought Deal Secondary Offering

Retrieved on:

Tuesday, June 1, 2021

Financial markets, Financial economics, Finance, Stock market, Corporate finance, Equity securities, Shares outstanding, Security, Share, Common stock, Voting interest

Novacap currently holds 33,231,979multiple voting shares, representing approximately 24.0% of the issued and outstanding shares and approximately 37.6% of the voting power attached to all of the shares.

Key Points:

Novacap currently holds 33,231,979multiple voting shares, representing approximately 24.0% of the issued and outstanding shares and approximately 37.6% of the voting power attached to all of the shares.
Following the closing of the Offering, Novacap will hold30,555,132 multiple voting shares, representing approximately 22.0% of the issued and outstanding shares and approximately 37.1% of the voting power attached to all of the shares.
The Offering is expected to close on or about June 7, 2021, subject to customary closing conditions.
This press release contains forward-looking information within the meaning of applicable securities laws, including statements regarding the proposed Offering, participants in the Offering, terms of the Offering and closing of the Offering.

Aritzia Announces $91 Million Secondary Offering of Subordinate Voting Shares

Retrieved on:

Thursday, May 13, 2021

Corporate finance, Financial economics, Equity securities, Finance, Stock market, Voting interest, Common stock, Voting

Proceeds from the Offering will be paid to the Selling Shareholders and the Company will not receive any proceeds from the Offering.

Key Points:

Proceeds from the Offering will be paid to the Selling Shareholders and the Company will not receive any proceeds from the Offering.
The subordinate voting shares represent approximately 0.9% of the outstanding subordinate voting shares and the multiple voting shares represent approximately 100.0% of the outstanding multiple voting shares, in each case, on a non-diluted basis.
In addition, Mr. Hill holds 220,913 options to acquire subordinate voting shares (each an \xe2\x80\x9cOption\xe2\x80\x9d).\nFollowing closing of the Offering (assuming no exercise of the over-allotment option), the Hill Entities will hold no subordinate voting shares and 21,937,349 multiple voting shares representing an equity interest of approximately 19.9%, and a voting interest of approximately 71.3%, in each case, on a non-diluted basis.
The multiple voting shares will represent approximately 100.0% of the outstanding multiple voting shares.

Lightspeed Announces Automatic Conversion of All Outstanding Multiple Voting Shares

Retrieved on:

Tuesday, December 1, 2020

Corporate finance, Financial markets, Finance, Financial economics, Stock market, Equity securities, Corporate law, Mergers and acquisitions, Issued shares, Common stock, Shares outstanding, Voting interest

MONTREAL, Dec. 1, 2020 /PRNewswire/ -Lightspeed POS Inc. ("Lightspeed" or the "Company") (NYSE: LSPD)(TSX:LSPD) today announced that as a result of the issuance by the Company from treasury of subordinate voting shares in the capital of Lightspeed ("Subordinate Voting Shares") as partial consideration for the acquisition of Upserve, Inc. ("Upserve") announced by Lightspeed today, all of the outstanding multiple voting shares in the capital of Lightspeed ("Multiple Voting Shares") have been automatically converted into Subordinate Voting Shares, on a one-for-one basis as a result of the automatic conversion ownership threshold attached to the Multiple Voting Shares having been crossed, all in accordance with their terms.

Key Points:

MONTREAL, Dec. 1, 2020 /PRNewswire/ -Lightspeed POS Inc. ("Lightspeed" or the "Company") (NYSE: LSPD)(TSX:LSPD) today announced that as a result of the issuance by the Company from treasury of subordinate voting shares in the capital of Lightspeed ("Subordinate Voting Shares") as partial consideration for the acquisition of Upserve, Inc. ("Upserve") announced by Lightspeed today, all of the outstanding multiple voting shares in the capital of Lightspeed ("Multiple Voting Shares") have been automatically converted into Subordinate Voting Shares, on a one-for-one basis as a result of the automatic conversion ownership threshold attached to the Multiple Voting Shares having been crossed, all in accordance with their terms.
As a result of the automatic conversion, Lightspeed now has one class of shares issued and outstanding, namely the Subordinate Voting Shares.
Immediately prior to giving effect to the issuance of 5,895,365 Subordinate Voting Shares in connection with the Upserve acquisition and the resulting automatic conversion of the Multiple Voting Shares to Subordinate Voting Shares, Mr. Dasilva owned or controlled, directly or indirectly, no Subordinate Voting Shares and 14,429,466 Multiple Voting Shares (representing approximately 12.88% of all of the Company's issued and outstanding shares and approximately 37.16% of the voting power attached to all of the Company's issued and outstanding shares).
Immediately after giving effect to the issuance of Subordinate Voting Shares in connection with the Upserve acquisition and the resulting automatic conversion of the Multiple Voting Shares, Mr. Dasilva owns or controls, directly or indirectly, 14,429,466 Subordinate Voting Shares and no Multiple Voting Shares (representing approximately 12.24% of all of the Company's issued and outstanding shares and approximately 12.24% of the voting power attached to all of the Company's issued and outstanding shares).

Lightspeed Launches Bought Deal Offering of Subordinate Voting Shares

Retrieved on:

Tuesday, February 18, 2020

Financial markets, Corporate finance, Financial economics, Finance, Stock market, Equity securities, Shares outstanding, Lightspeed, Greenshoe, Voting interest, Common stock

Under the agreement,4,695,000 subordinate voting shares will be issued from treasury and offered by Lightspeed for aggregate gross proceeds of C$175 million and an aggregate of2,016,000 subordinate voting shares will be offered by the Selling Shareholders for aggregate gross proceeds of C$75 million.672,000 subordinate voting shares will be offered by Caisse,672,000 subordinate voting shares will be offered by IQ, and672,000 subordinate voting shares will be offered by Inovia.

Key Points:

Under the agreement,4,695,000 subordinate voting shares will be issued from treasury and offered by Lightspeed for aggregate gross proceeds of C$175 million and an aggregate of2,016,000 subordinate voting shares will be offered by the Selling Shareholders for aggregate gross proceeds of C$75 million.672,000 subordinate voting shares will be offered by Caisse,672,000 subordinate voting shares will be offered by IQ, and672,000 subordinate voting shares will be offered by Inovia.
The over-allotment option is comprised of335,550 subordinate voting shares from Caisse,630,964 subordinate voting shares from IQ,40,136 subordinate voting shares from Inovia.
Caisse currently holds 26,943,769 subordinate voting shares of the Company, representing approximately 30.8% of the issued and outstanding shares and approximately 20.5% of the voting power.
IQ currently holds 6,948,779 subordinate voting shares representing approximately 7.9% of the issued and outstanding shares and approximately 5.3% of the voting power.

GE Announces Details for Anticipated Completion of Spin-Off and Subsequent Merger of Its Transportation Business

Retrieved on:

Monday, February 4, 2019

No fractional shares of Wabtec common stock will be issued in the merger, and instead GE shareholders will receive cash in lieu of any fractional share.

Key Points:

No fractional shares of Wabtec common stock will be issued in the merger, and instead GE shareholders will receive cash in lieu of any fractional share.
Upon completion of the merger, GE shareholders are expected to collectively own approximately 24.3% of the outstanding shares of Wabtec common stock, and current Wabtec shareholders are expected to collectively own approximately 50.8%.
GE will own Wabtec common stock and Wabtec non-voting convertible preferred stock, which together represent approximately a 24.9% economic interest in Wabtec.
No action is required by GE shareholders to receive their shares of Wabtec common stock in the merger.

The Ocean Link Consortium Secures Blocking Vote in eHi Car Services Take-private Transaction

Retrieved on:

Thursday, August 23, 2018

Finance, Fiction, Equity securities, Money, Corporate finance, Stock market, LINK, Common stock, Voting interest

With the dispute over Ocean Link's share ownership resolved, the Ocean Link Consortium confirms its over 33% voting power in eHi, which represents a blocking vote for approving the take-private transaction at eHi's EGM.

Key Points:

With the dispute over Ocean Link's share ownership resolved, the Ocean Link Consortium confirms its over 33% voting power in eHi, which represents a blocking vote for approving the take-private transaction at eHi's EGM.
On August 16, 2018, the sole arbitrator issued an award dismissing the entirety of eHi's and Crawford's claimsagainst Ocean Link's affiliate CDH Car Rental Service Limited ("CDH Car").
Ocean Link currently beneficially owns (i) 538,764 Class A Common Shares (including 438,764 Class A Common Shares represented by 219,382 ADSs), and (ii) 8,599,211 Class B Common Shares.
Accordingly, the Class A Common Shares and the Class B Common Shares beneficially owned by the Ocean Link Consortium altogether represent over 33% of the aggregate voting power of the total outstanding Common Shares of eHi.

Apptio Announces Conversion of Class B Common Stock into Class A Common Stock

Retrieved on:

Friday, May 11, 2018

Finance, Money, Financial economics, Corporate finance, Stock market, Equity securities, Common stock, Stock certificate, Stock, Shares outstanding, Voting interest, Preferred stock

The conversion had no effect on the economic rights of holders of shares of Class A common stock or Class B common stock, except for the elimination of the different voting powers of the two classes of stock, and Apptio does not expect it to have any material effect on its future operations.

Key Points:

The conversion had no effect on the economic rights of holders of shares of Class A common stock or Class B common stock, except for the elimination of the different voting powers of the two classes of stock, and Apptio does not expect it to have any material effect on its future operations.
The conversion occurred automatically pursuant to Apptio's certificate of incorporation as a result of the number of outstanding shares of Class B common stock representing less than twenty-five percent of the total number of outstanding shares of Class A and Class B common stock.
The former Class B common stock now has the same voting powers, preferences, rights and qualifications, limitations and restrictions as the Class A common stock.
Any existing stock certificates validly issued for shares of the company's Class B common stock will represent shares of the Class A common stock, and shares held in brokerage accounts will be automatically adjusted by the broker to reflect the change.