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Dominion Citrus Announces Completion of Arrangement

TORONTO, Jan. 02, 2018 (GLOBE NEWSWIRE) -- Dominion Citrus Limited (“Dominion Citrus” or “DCL”) is pleased to announce that effective as of December 31, 2017, DCL and Dominion Subco Inc. (“Subco”) completed the previously announced acquisition by Subco of all of the 1,021,150 issued and outstanding Series A Preference Shares of Dominion Citrus (the “Preference Shares”) for $1.75 per Preference Share, following which DCL and Subco amalgamated to continue as Dominion Citrus Limited (the “Arrangement”). 

Shareholders of DCL were overwhelmingly supportive of the Arrangement, with 99.98% of the votes cast at a special meeting of the shareholders held on November 28, 2017 being voted in favour.

A Final Order was granted by the Ontario Superior Court of Justice (Commercial List) on November 30, 2017 approving the Plan of Arrangement pursuant to which the Arrangement was implemented.

For further information, please contact:

Paul Scarafile
Chief Executive Officer
Dominion Citrus Limited
165 The Queensway, Suite 302
Toronto, Ontario, M8Y 1H8.
Tel: (416) 259-6328 x 250

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