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Copperleaf Technologies Inc. Obtains Interim Order for Proposed Arrangement with IFS AB

Newswire.ca - Fri Jun 28, 6:00AM CDT

VANCOUVER, BC, June 28, 2024 /CNW/ - Copperleaf Technologies Inc. (TSX: CPLF) ("Copperleaf" or the "Company") announced that the Supreme Court of British Columbia issued an interim order (the "Interim Order") in connection with the previously announced indirect acquisition by Industrial and Financial Systems, IFS AB ("IFS") of all the issued and outstanding common shares of Copperleaf (the "Shares") for $12.00 in cash per Share (the "Consideration"), pursuant to a statutory plan of arrangement (the "Arrangement") under the Canada Business Corporations Act. Among other things, the Interim Order authorizes the Company to call, hold and conduct a special meeting (the "Special Meeting") of the holders of Shares (the "Shareholders") on August 2, 2024 at 9:00 a.m. (Pacific time) to consider the Arrangement. The Special Meeting will be a virtual only meeting.

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