TORONTO--(BUSINESS WIRE)--Kew Media Group Inc. (TSX: KEW.A, KEW.WT) (“Kew”) today announced that its shareholders have overwhelmingly approved its qualifying acquisition (the “Qualifying Acquisition”) of six leading content companies to create a global media platform.
Over 98% of the votes cast by Kew’s shareholders were in favour of each of the Qualifying Acquisition, the shareholder rights plan and the advance notice by-law. A copy of the complete report on voting at the shareholder meeting will be made available under Kew’s profile on SEDAR at www.sedar.com.
The Qualifying Acquisition is scheduled to close on March 20, 2017, subject to the satisfaction of certain conditions as set out in the purchase agreements for the Qualifying Acquisition.
Goodmans LLP is Kew’s legal counsel. TD Securities Inc. is Kew’s exclusive financial advisor for the Qualifying Acquisition and sole agent on the private placement. Grant Thornton LLP, Industry Media Limited and Evra Media Solutions Inc. are also assisting Kew with the Qualifying Acquisition. Stikeman Elliott LLP is legal counsel to TD Securities Inc.