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Organto Announces Consolidation of Common Shares

Organto Announces Consolidation of Common Shares

Organto宣佈合併普通股
Accesswire ·  2023/09/18 20:55

TORONTO, ON and BREDA, THE NETHERLANDS / ACCESSWIRE / September 18, 2023 / Organto Foods Inc. (TSX-V:OGO)(OTCQB:OGOFF)(FSE:OGF) ("Organto" or "the Company"), an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products announces on a 10:1 basis (the "Consolidation") the consolidation of its common shares ("Shares"). The Consolidation is set to be effective as of the close of business on September 28, 2023 (the "Record Date") and the Shares are expected to begin trading on a consolidated basis on the TSX Venture Exchange ("TSX-V") on September 29, 2023. The Consolidation was approved at a meeting of Organto's Board of Directors on September 13, 2023. Pursuant to Organto's constating documents, the Consolidation does not require shareholder approval.

多倫多,安大略省和佈雷達,荷蘭/ACCESSWIRE/2023年9月18日/Organto Foods Inc.(多倫多證券交易所股票代碼:OGO)(OTCQB:OGOFF)(法蘭克福證券交易所:OGF)(“Organto”或“The Company”),一家品牌、自有品牌和散裝分銷有機和非轉基因水果和蔬菜產品的綜合供應商以10:1的基礎宣佈(整固“)合併其普通股(”股票)。合併將於2023年9月28日營業結束時生效(記錄日期“),預計股票將在多倫多證券交易所創業板進行綜合交易(”多倫多證券交易所-V2023年9月29日。合併在2023年9月13日的Organto董事會會議上獲得批准。根據Organto的持續檔案,合併不需要股東批准。

As per the approved terms of the Consolidation, the Company's shareholders will receive one post-Consolidation Share for every ten pre-Consolidation Shares held. No fractional post-Consolidation Shares will be issued as a result of the Consolidation and fractional interests will be rounded to the nearest whole number of post-Consolidation Shares without any consideration payable therefor in the case of rounding down. Shareholders with fewer than five pre-Consolidation Shares are advised that their holdings will be reduced to zero without consideration. Such shareholders may wish to dispose of their Shares prior to the Record Date, or, if they wish to remain shareholders of Organto after the Consolidation, acquire additional pre-Consolidation Shares to ensure that they hold five or more pre-Consolidation Shares as of the Record Date.

根據經批准的合併條款,每持有10股合併前股份,公司股東將獲得1股合併後股份。不會因合併而發行合併後零碎股份,零碎權益將四捨五入至合併後股份的最接近整數,而在四捨五入的情況下,不會為此支付任何代價。建議持有少於五股合併前股份的股東,他們的持股將在沒有對價的情況下減至零。這些股東可能希望在記錄日期之前出售他們的股份,或者,如果他們希望在合併後仍是Organto的股東,則購買額外的合併前股份,以確保他們在記錄日期持有五股或更多合併前股份。

Following the Record Date, as a result of the Consolidation, the number of issued and outstanding post-Consolidation Shares will be reduced to approximately 28,562,382 from 285,623,826, subject to the treatment of fractional shares. Each shareholder's percentage ownership in the Company and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares. The new CUSIP number for the post-Consolidation Shares is 68621J401 and the new ISIN number is CA68621J4019. Organto's post-Consolidation Shares will continue to trade on the TSX-V under the symbol OGO, on the OTCQB under the symbol OGOFF and on the Frankfurt Stock Exchange under the symbol OGF. Organto's name will not change.

在記錄日期之後,由於合併的結果,合併後的已發行和已發行股份數量將從285,623,826股減少到約28,562,382股,但須受零碎股份的處理。各股東在公司的持股比例和比例投票權將保持不變,但因處理零碎股份而產生的細微調整除外。合併後股票的新CUSIP編號為68621J401,新ISIN編號為CA68621J4019。Organto合併後的股票將繼續在多倫多證券交易所以OGO代碼交易,在OTCQB以OGOFF代碼交易,在法蘭克福證券交易所以OGF代碼交易。Organto的名字不會改變。

Beneficial shareholders who hold their pre-Consolidation Shares in brokerage accounts or in "street name" are not required to take any action to effect an exchange of their pre-Consolidation Shares and are encouraged to contact their intermediary with any questions. Registered shareholders as of the effective date who hold pre-Consolidation Shares represented by a physical certificate or direct registration advice will receive a letter of transmittal from Computershare Investor Services Inc., the Corporation's transfer agent. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates or direct registration advices representing pre-Consolidation Shares for new certificates or direct registration advices representing post-Consolidation Shares. Until surrendered, each share certificate or direct registration advice representing pre-Consolidation Shares will represent the number of whole post-Consolidation Shares to which the holder is entitled as a result of the Consolidation rather than the number of pre-Consolidation Shares indicated on the certificate or advice.

實益股東如以經紀賬戶或“街頭名義”持有其合併前股份,則無須採取任何行動以交換其合併前股份,並鼓勵他們就任何問題與其仲介機構聯絡。自生效之日起,持有實物證書或直接註冊通知所代表的合併前股票的登記股東將收到本公司的轉讓代理ComputerShare Investor Services Inc.發出的傳送函。遞交函將載有關於登記股東如何將其股票或代表合併前股份的直接登記通知換成新股票的指示,或代表合併後股份的直接登記通知。除非交回,每張代表合併前股份的股票或直接登記通知將代表持有人因合併而有權持有的合併後股份總數,而不是股票或通知上顯示的合併前股份數目。

The Consolidation will not have any effect on the number of issued and outstanding common share purchase warrants, stock options, restricted share units or convertible debentures of the Corporation. However, as a result of the Consolidation, the number of post-Consolidation Shares issuable upon the exercise of each warrant or stock option will be reduced on a 10:1 basis and their exercise prices will be increased on a 10:1 basis. The number of post-Consolidation Shares issuable on the conversion of each restricted share unit or convertible debenture will be reduced on a 10:1 basis.

合併將不會對本公司的已發行及已發行普通股認購權證、股票期權、限制性股份單位或可換股債券的數目產生任何影響。然而,由於合併的結果,在行使每份權證或股票期權時可發行的合併後股份的數量將按10:1的基準減少,其行使價將按10:1的基準增加。每個限制性股份單位或可轉換債券轉換後可發行的合併後股票數量將按10:1的比例減少。

The Company believes that the Consolidation is prudent and that it will provide the Company with a share structure that will better attract new shareholder interest and capital financing to provide for future growth opportunities. The Consolidation is subject to final approval from the TSX Venture Exchange.

本公司相信,合併是審慎的,將為本公司提供一種將更好地吸引新股東興趣和資本融資的股權結構,以提供未來的增長機會。合併還有待多倫多證券交易所創業板的最終批准。

ON BEHALF OF THE BOARD,

我代表董事會,

Steve Bromley
Chair and Co-Chief Executive Officer

史蒂夫·布羅姆利
主席兼聯席首席執行官

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

For more information contact:

如需更多資訊,請聯繫:

Investor Relations

投資者關係

info@organto.com
John Rathwell, Senior Vice President, Corporate Development and Investor Relations
647 629 0018

郵箱:Info@Organto.com
約翰·拉斯韋爾,高級副總裁,公司發展與投資者關係
647 629 0018

ABOUT ORGANTO

關於ORGANTO

Organto is an integrated provider of branded, private label, and distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people, and its shareholders.

Organto是一家品牌、自有品牌和經銷有機和非轉基因水果和蔬菜產品的綜合供應商,採用戰略性的輕資產商業模式,為全球日益增長的具有社會責任感和健康意識的消費者提供服務。Organto的商業模式植根於對專注於環境責任的可持續商業實踐的承諾,以及對其運營所在社區、其員工和股東的承諾。

FORWARD LOOKING STATEMENTS

前瞻性陳述

This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements respecting Organto's business model and markets; Organto's belief that a share consolidation is prudent and will attract new shareholder interest and capital financing that will provide for future growth opportunities; management's beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto will execute and implement the Consolidation; Organto's business model will be implemented and product supply will be increased; cost increases; dependence on suppliers, partners, and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws, and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors, and partners. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.

本新聞稿可能包括法律所界定的某些前瞻性資訊和陳述,包括但不限於加拿大證券法和美國1995年私人證券訴訟改革法中的“安全港”條款(“前瞻性陳述”)。特別是,但不限於,本新聞稿包含前瞻性陳述,涉及Organto的商業模式和市場;Organto相信股票整合是謹慎的,將吸引新的股東興趣和資本融資,這將為未來的增長機會提供;管理層的信念、假設和預期;以及總體商業和經濟狀況。前瞻性陳述基於一些可能被證明是不正確的假設,包括但不限於以下假設:Organto執行和實施合併的能力和時間框架;Organto的商業模式將得到實施和產品供應將增加;成本增加;對供應商、合作夥伴和合同對手方的依賴;Organto業務或前景的變化;不可預見的情況;與有機農產品業務有關的總體風險,包括惡劣天氣、不利的生長條件、低作物產量、作物質量變化、腐敗、進出口法律和類似風險;運輸成本和風險;一般業務和經濟狀況;以及與分銷商、客戶、員工、供應商、顧問、承包商和合作夥伴的持續關係。上述清單並非詳盡無遺,除非法律另有規定,否則Organto不承擔更新上述任何內容的義務。

SOURCE: Organto Foods Inc.

資料來源:奧格託食品公司


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