reports
Inscape and HUK 121 Announce Expiry of Offer
Inscape and HUK 121 Announce Expiry of Offer HOLLAND LANDING, Ontario, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), and HUK 121 Limited (the “Offeror”), jointly announce that no additional shares were deposited during the mandatory 10-day extension period under the offer dated November 17, 2022 (the “Offer”) made to shareholders of Inscape. The Offer, which initially expired on December 23, 2022 and was subsequently extended until 5:00 p.m. (Toronto time) on January 3, 2023, has now expired and will not be further extended by the Offeror....
Inscape Announces Director Resignations
Inscape Announces Director Resignations HOLLAND LANDING, Ontario, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), announces that, following the successful take-over bid by HUK 121 Limited, Neil McDonnell, Tracy Tidy, Tania Bortolotto, and David LaSalle resigned from the board of directors of the Company effective 5:00 p.m. (Toronto time) on December 23, 2022. Inscape would like to express its sincere gratitude to the outgoing directors for their contribution to the board of directors and the Company. About Inscape Since 1888, Inscape has b...
Inscape and HUK 121 Announce Successful Take-Over Bid and Extension of...
Inscape and HUK 121 Announce Successful Take-Over Bid and Extension of Deposit Period HOLLAND LANDING, Ontario, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), and HUK 121 Limited (the “Offeror”), a subsidiary of Hilco Capital Limited (“Hilco”), are pleased to jointly announce that the Offeror has been successful in its bid to purchase common shares (the “Common Shares”) of Inscape as previously disclosed on October 29, 2022 (the “Offer”). Each of the conditions to the Offer was satisfied or waived by 5:00 p.m. (Toronto time) on December 23, ...
Inscape Announces Second Quarter 2023 Financial Results
Inscape Announces Second Quarter 2023 Financial Results HOLLAND LANDING, Ontario, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Inscape (TSX: INQ), a leading designer and manufacturer of furnishings and movable wall systems for the workplace, today announced its results of operations for the three and six months ended October 31, 2022. “Second quarter fiscal 2023 was disappointing as sales volumes did not achieve expected levels and certain orders were unable to be recognized within the quarter further diminishing revenue levels reported. Management is responding to these challenges appropriately,” ...
Inscape Corporation Will Release Second Quarter Results for the 2023 F...
Inscape Corporation Will Release Second Quarter Results for the 2023 Financial Year HOLLAND LANDING, Ontario, Nov. 29, 2022 (GLOBE NEWSWIRE) -- (TSX:INQ) Inscape Corporation will release its Second Quarter Results for the 2023 Financial Year after the close of business on Thursday, December 8, 2022. About Inscape The Company is an office furniture manufacturer with production at two facilities in Canada and the United States in approximately 343,000 square feet of space. The Company serves its clients through a network of dealers and representatives supported by showrooms across North A...
Inscape announces all cash offer of $0.007 per share
Inscape announces all cash offer of $0.007 per share HOLLAND LANDING, Ontario, Oct. 29, 2022 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), today announced that it has entered into a Support Agreement with HUK 121 Limited (the “Offeror”), a subsidiary of Hilco Capital Limited UK (“Hilco”), under which the Offeror has agreed to initiate a take-over bid to acquire all of the Company’s outstanding subordinated voting shares (the “Shares”) for $0.007 in cash per Share (the “Offer Price”) by way of a friendly take-over bid (the “Offer”). In connection with th...
Inscape Announces 2022 Annual General Meeting Voting Results
Inscape Announces 2022 Annual General Meeting Voting Results HOLLAND LANDING, Ontario, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Inscape Corporation (TSX:INQ) (“Inscape” or the “Company”) is pleased to announce the voting results for the election of its board of directors, which took place at the Company’s 2022 annual general meeting of shareholders held on September 15, 2022 (the “Meeting”). The total number of votes represented at the Meeting was 12,739,261, being 88.59% of the total 14,380,701 votes attached to the outstanding Class B Subordinated Voting Shares of the Company. The nomin...
Inscape Announces First Quarter 2023 Financial Results
Inscape Announces First Quarter 2023 Financial Results HOLLAND LANDING, Ontario, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Inscape (TSX: INQ), a leading designer and manufacturer of furnishings and movable wall systems for the workplace, today announced its results of operations for the first quarter ended July 31, 2022. “First quarter fiscal 2023 sales did not meet our expectations, despite the year over year improvement of 12.7%. Gross margins were unacceptable as a result. Certain investments in sales and marketing resources as well as expenses related to our continuing cost reduction init...
Inscape Corporation Will Release First Quarter Results for the 2023 Fi...
Inscape Corporation Will Release First Quarter Results for the 2023 Financial Year HOLLAND LANDING, Ontario, Aug. 29, 2022 (GLOBE NEWSWIRE) -- (TSX:INQ) -- Inscape Corporation will release its First Quarter Results for the 2023 Financial Year after the close of business on Thursday, September 8, 2022. About Inscape The Company is an office furniture manufacturer with production at two facilities in Canada and the United States in approximately 343,000 square feet of space. The Company serves its clients through a network of dealers and representatives supported by showrooms across North...
Inscape Announces Fourth Quarter and Full Year 2022 Financial Results
Inscape Announces Fourth Quarter and Full Year 2022 Financial Results HOLLAND LANDING, Ontario, July 14, 2022 (GLOBE NEWSWIRE) -- Inscape (TSX: INQ), a leading designer and manufacturer of furnishings and movable wall systems for the workplace, today announced its results of operations for the fourth quarter and full year ended April 30, 2022 and announces the addition of a new Board Member. “Fourth quarter fiscal 2022 sales levels represented our third successive quarter over quarter sales improvement since the beginning of the fiscal year. This remains an encouraging tren...
Inscape announces the successful conclusion of the sale of its surplus...
Inscape announces the successful conclusion of the sale of its surplus real estate HOLLAND LANDING, Ontario, May 02, 2022 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), is pleased to confirm that the sale of its surplus property (the “Surplus Property Transaction””) located at 70 Toll Road, East Gwillimbury, Ontario (the “Property”) to a third-party purchaser (the “Purchaser”) and previously announced via Inscape’s press release of April 27, 2022, was successfully concluded by close of business April 29, 2022. The purchase price was CDN$1,700,000. About...
Inscape announces entering into an agreement for the sale of surplus r...
Inscape announces entering into an agreement for the sale of surplus real estate HOLLAND LANDING, Ontario, April 27, 2022 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), is pleased to announce that the Company has entered into an agreement (the “Agreement”) which was accepted and all conditions waived on April 27, 2022 (the “Acceptance Date”) for the sale of its surplus property (the “Surplus Property Transaction””) at 70 Toll Road, East Gwillimbury, Ontario (the “Property”) to a third-party purchaser (the “Purchaser”). The purchase price is CDN$1,700,000....
Inscape announces the sale process for surplus real estate to continue
Inscape announces the sale process for surplus real estate to continue HOLLAND LANDING, Ontario, March 16, 2022 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), announces that the Proposed Transaction outlined in its press release of February 3, 2022, will not proceed given the Property Condition Precedent detailed in that press release was invoked by the Purchaser. As a result, the expected closing of the Proposed Transaction will not occur on May 31, 2022, as previously announced. The Company will continue its sale process for this property until a suita...
Inscape Announces Third Quarter 2022 Financial Results
Inscape Announces Third Quarter 2022 Financial Results HOLLAND LANDING, Ontario, March 10, 2022 (GLOBE NEWSWIRE) -- Inscape (TSX: INQ), a leading designer and manufacturer of furnishings and movable wall systems for the workplace, today announced its results of operations for the three and nine months ended January 31, 2022. “Third quarter fiscal 2022 sales levels represented our second successive quarter over quarter sales improvement since the beginning of the fiscal year. While these reported sales levels to date are not yet satisfactory or adequate to sustain the business over the ...
Inscape Corporation Will Release Third Quarter Results for the 2022 Fi...
Inscape Corporation Will Release Third Quarter Results for the 2022 Financial Year HOLLAND LANDING, Ontario, Feb. 28, 2022 (GLOBE NEWSWIRE) -- (TSX:INQ) Inscape Corporation will release its Third Quarter Results for the 2022 Financial Year after the close of business on Thursday, March 10, 2022. About Inscape The Company is an office furniture manufacturer with production at two facilities in Canada and the United States in approximately 343,000 square feet of space. The Company serves its clients through a network of dealers and representatives supported by showrooms across North Ameri...
Inscape announces entering into an agreement for the sale of surplus r...
Inscape announces entering into an agreement for the sale of surplus real estate HOLLAND LANDING, Ontario, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), is pleased to announce that the Company has entered into an agreement (the “Agreement”) accepted on February 2, 2022 (the “Acceptance Date”) for the sale of surplus property (the “Proposed Transaction”) at 70 Toll Road, East Gwillimbury, Ontario (the “Property”) to a third-party purchaser (the “Purchaser”). The purchase price is CDN$1,500,000. Pursuant to the Agreement, the Purchaser has f...
Inscape announces the closing and completion of the sale and leaseback...
Inscape announces the closing and completion of the sale and leaseback of the Holland Landing Facility HOLLAND LANDING, Ontario, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Further to our announcement of December 8, 2021, Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), is pleased to announce that the Company has now closed and completed the agreement (the “Agreement”) dated November 8, 2021 (the “Effective Date”) for the sale and leaseback (the “Proposed Transaction”) of the Holland Landing Facility at 67 Toll Road, East Gwillimbury, Ontario (the “Property”) to a third-party purchaser ...
Inscape Announces Second Quarter 2022 Financial Results
Inscape Announces Second Quarter 2022 Financial Results HOLLAND LANDING, Ontario, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Inscape (TSX: INQ), a leading designer and manufacturer of furnishings and movable wall systems for the workplace, today announced its results of operations for the three and six months ended October 31, 2021. “Second quarter fiscal 2022 results are beginning to evidence our improving sales pipeline and the improving economy. Our Walls operation recorded its highest sales revenue to date this fiscal year and an improving financial profile reflecting the efforts by man...
Inscape announces entering into an agreement for the sale and leasebac...
Inscape announces entering into an agreement for the sale and leaseback of the Holland Landing Facility HOLLAND LANDING, Ontario, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), is pleased to announce that the Company has entered into an agreement (the “Agreement”) dated November 8, 2021 (the “Effective Date”) for the sale and leaseback (the “Proposed Transaction”) of the Holland Landing Facility at 67 Toll Road, East Gwillimbury, Ontario (the “Property”) to a third-party purchaser (the “Purchaser”). The purchase price is CDN$32,750,000. Pur...
Inscape Corporation Will Release Second Quarter Results for the 2022 F...
Inscape Corporation Will Release Second Quarter Results for the 2022 Financial Year HOLLAND LANDING, Ontario, Nov. 29, 2021 (GLOBE NEWSWIRE) -- (TSX:INQ) Inscape Corporation will release its Second Quarter Results for the 2022 Financial Year after the close of business on Thursday, December 9, 2021. About Inscape The Company is an office furniture manufacturer with production at two facilities in Canada and the United States in approximately 338,000 square feet of space. The Company serves its clients through a network of dealers and representatives supported by showrooms across North A...
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