Press Releases

All Posts Term: 2023
2 post(s) found
2023

Smart Employee Benefits Inc. Files Management Information Circular for Special Meeting of Shareholders

INFORMATION CONFERENCE CALL ON FRIDAY JANUARY 27 AT 3:30 PM

 January 25, 2023 – Mississauga, ON

Smart Employee Benefits Inc. (TSXV: SEB) (OTCQB: SEBFF) (“SEB” or the “Company”) announced today that it has filed and is in the process of mailing the management information circular (the “Circular”) and related materials (collectively, the “Meeting Materials”) for the special meeting (the “Meeting”) of the Company’s shareholders (the “Shareholders”) to be held in connection with the previously announced proposed plan of arrangement pursuant to which Co-operators Financial Services Limited (“Co-operators”) will, indirectly through its wholly-owned subsidiary 1000391399 Ontario Inc., acquire all of the issued and outstanding common shares of SEB (the “SEB Shares”) for $0.30 in cash per SEB Share by way of a statutory plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (Ontario) (the “Transaction”). The Meeting Materials have been filed under the Company’s profile at www.sedar.com.

2023

Co-operators Financial Services Limited to Acquire Smart Employee Benefits Inc.

January 3, 2023 – Toronto, ON

Co-operators Financial Services Limited (“Co-operators”), a wholly owned subsidiary of The Co-operators Group Limited, and Smart Employee Benefits Inc. (TSXV: SEB) (OTCQB: SEBFF) (“SEB”) announced today that they have entered into an arrangement agreement (the “Arrangement Agreement”) dated January 3, 2023 pursuant to which Co-operators will, indirectly through its wholly-owned subsidiary, acquire all of the issued and outstanding common shares of SEB (“SEB Shares”) by way of a statutory plan of arrangement (“Plan of Arrangement”) under the Business Corporations Act (Ontario) (the “Transaction”).