Breaking News: Cotec Holdings Corp Takes Action to Alleviate Mailing Delays Caused by Canada Post Strike
Description:
VANCOUVER, BC / ACCESSWIRE / November 20, 2024 / CoTec Holdings Corp. (TSXV:CTH) (the “Corporation”) is providing an update to shareholders on the potential impact of the strike by the Canadian Union of Postal Workers on the Corporation’s ability to comply with its obligations to deliver to shareholders, among others, its financial statements and related disclosure and meeting materials in respect of the Corporation’s special and annual general meeting of shareholders scheduled to be held on December 13, 2024 (the “Meeting”). As a result of the strike, and pursuant to BC Instrument 51-514 Exemption from the requirement to send financial statements and related disclosure to securityholders during a disruption in postal service, the Corporation is advising shareholders that:
Impact on Individuals:
As an individual shareholder of CoTec Holdings Corp, the ongoing strike by the Canadian Union of Postal Workers may delay the delivery of important financial statements and meeting materials related to the upcoming special and annual general meeting of shareholders. However, the Corporation is taking proactive measures to ensure that electronic copies of the necessary documents are available on their SEDAR+ profile at www.sedarplus.com. Shareholders also have the option to request copies of the documents via email or by contacting Computershare’s Shareholder Services Call Center. Once regular postal services resume, physical copies of the documents will be mailed to shareholders promptly.
Impact on the World:
The actions taken by CoTec Holdings Corp in response to the Canada Post strike demonstrate a commitment to transparency and communication with their shareholders. By providing electronic copies of financial statements and meeting materials, the Corporation is ensuring that crucial information is still accessible to investors during this period of disruption. This proactive approach may set a positive example for other companies facing similar challenges in the future.
Conclusion:
In conclusion, the efforts made by Cotec Holdings Corp to alleviate mailing delays caused by the Canada Post strike reflect a dedication to shareholder communication and transparency. By providing alternative methods of document delivery and ensuring timely distribution once postal services resume, the Corporation is effectively mitigating the impact of the strike on its obligations to shareholders. This proactive response sets a standard for corporate responsibility and adaptability in the face of unforeseen challenges.
