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Day: October 29, 2022

Inscape announces all cash offer of $0.007 per share

Written by Customer Service on . Posted in Dividend Reports And Estimates.

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 the Offer, certain shareholders of the Company (the “Locked Up Shareholders”) who collectively represent over 80% of the Shares, have entered into “hard” Lock-Up Agreements with the Offeror under which such shareholders have agreed to support the Offer and to deposit their Shares under the Offer (the...

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