Financial Personal
STEP Energy Services Ltd. Announces Commencement of Delivery and Filing of Circular for Special Meeting of Shareholders to Approve Arrangement
Shareholders will receive $5.00 per share in cash, a substantial 40.4% premium to the trading price of Shares on November 1, 2024, being the last trading day prior to the execution of the Arrangement Agreement Shareholders are encouraged to vote well
CALGARY, Alberta -- STEP Energy Services Ltd. ("STEP" or the "Company") is pleased to announce the commencement of delivery of its management information circular (the "Circular") and related documents for the special meeting of STEP shareholders (the "Meeting") in connection with the previously announced plan of arrangement (the "Arrangement") under section 193 of the Business Corporations Act (Alberta) involving the Company and 2659160 Alberta Ltd. (the "Purchaser"), a newly-formed entity that is wholly-owned by the limited partnerships comprising ARC Energy Fund 8, as more particularly described in the Circular. Read More
