AEF Acasta Enterprises

Acasta Enterprises Announces Issuance of Shares to ECN Capital and Director Appointment

TORONTO--(BUSINESS WIRE)--

Acasta Enterprises Inc. (TSX: AEF) (“Acasta” or the “Company”) announced today that 500,000 Class B shares in the capital of Acasta (the “ECN Shares”) were issued to a wholly-owned subsidiary of ECN Capital Corp. (“ECN”) at a deemed issuance price of $2.01 per share. As previously announced, the ECN Shares were issued in satisfaction of the remaining purchase price relating to Acasta’s acquisition of ECN’s commercial aviation business. The ECN Shares are subject to a four-month hold period, expiring August 6, 2018.

In addition, Acasta today announced the appointment of Ian Kidson, the Company’s Interim Chief Executive Officer, to the Board of Directors of the Company.

EN
05/04/2018

Underlying

AEFAcasta Enterprises

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Acasta Enterprises

 PRESS RELEASE
Free
AEF Acasta Enterpri...

Acasta Announces Monetization of its Profit Participating Notes

TORONTO--(BUSINESS WIRE)-- Acasta Enterprises Inc. (TSX:AEF) (“Acasta” or the “Company”) announced today that it has monetized its interest in the profit participating notes (“PPNs”) that were retained by Acasta following the sale of its Stellwagen business unit. The net proceeds from the monetization of the PPNs were approximately $28.5 million which amount was used by Acasta to further pay down indebtedness. These proceeds exclude the additional U.S.$5 million due from the purchaser of the Stellwagen business unit pursuant to the sa...

May 15, 2018 1 EN
 PRESS RELEASE
Free
AEF Acasta Enterpri...

Acasta Announces Revised Notice of Release of First Quarter 2018 Resul...

TORONTO--(BUSINESS WIRE)-- Acasta Enterprises Inc. (TSX: AEF) (“Acasta” or the “Company”) announced today that Acasta will release its first quarter 2018 financial results after market close on Tuesday, May 15, 2018 instead of Thursday, May 10, 2018, as previously announced. First Quarter 2018 Results Conference Call: Acasta’s senior management will host a conference call on Wednesday, May 16, 2018 at 9:00 a.m. (E.D.T.) to discuss the Company’s financial and operating results. Please dial +1 (416) 406-0743 or toll-fr...

May 10, 2018 1 EN
 PRESS RELEASE
Free
AEF Acasta Enterpri...

Acasta Enters into Definitive Agreement to Sell JemPak Corporation

TORONTO--(BUSINESS WIRE)-- Acasta Enterprises Inc. (TSX: AEF) (“Acasta” or the “Company”) announced today that it has entered into a definitive agreement with Henkel Canada Corporation, a wholly-owned subsidiary of Henkel AG & Co. KGaA, (“Henkel”) to sell JemPak Corporation (“JemPak”) at a purchase price of $118 million on a cash free and debt free basis, subject to customary working capital adjustments and indemnities. “This transaction further improves the capital structure of Acasta as we look to significantly pay down our...

May 10, 2018 1 EN
 PRESS RELEASE
Free
AEF Acasta Enterpri...

Acasta Provides Notice of Release of First Quarter 2018 Results and Co...

TORONTO--(BUSINESS WIRE)-- Acasta Enterprises Inc. (TSX: AEF) (“Acasta” or the “Company”) is pleased to announce that it will release its first quarter 2018 results on Thursday, May 10, 2018, after normal trading hours. First Quarter 2018 Results Conference Call: Acasta’s senior management will host a conference call on Friday, May 11, 2018 at 9:00 a.m. (Toronto time) to discuss the Company’s financial and operating results. Please dial +1 (416) 406-0743 or toll-free (Canada / US) +1 (800) 806-5484 with passcode 3696...

April 23, 2018 1 EN
 PRESS RELEASE
Free
AEF Acasta Enterpri...

Acasta Enterprises Announces Issuance of Shares to ECN Capital and Dir...

TORONTO--(BUSINESS WIRE)-- Acasta Enterprises Inc. (TSX: AEF) (“Acasta” or the “Company”) announced today that 500,000 Class B shares in the capital of Acasta (the “ECN Shares”) were issued to a wholly-owned subsidiary of ECN Capital Corp. (“ECN”) at a deemed issuance price of $2.01 per share. As previously announced, the ECN Shares were issued in satisfaction of the remaining purchase price relating to Acasta’s acquisition of ECN’s commercial aviation business. The ECN Shares are subject to a four-month hold period, expiring August 6...

April 5, 2018 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch