NexGen Financial Corporation

NexGen Financial Corporation

December 17, 2014 10:53 ET

NexGen Financial Corporation Announces Shareholder Approval of Plan of Arrangement

TORONTO, ONTARIO--(Marketwired - Dec. 17, 2014) - NexGen Financial Corporation (TSX VENTURE:NFX) (NexGen) is delighted to announce that at today's special meeting its shareholders overwhelmingly approved the previously announced plan of arrangement (the "Arrangement") between a wholly-owned subsidiary of Natixis Global Asset Management, L.P. and NexGen. The Arrangement was approved by 99.97% of the votes cast by NexGen's shareholders and 99.96% of the votes cast by NexGen's shareholders who are not receiving a collateral benefit in connection with the Arrangement. A total of 84.85% of the outstanding common shares of NexGen were voted at the meeting.

Now that the requisite shareholder approvals have been obtained, a final order of the Ontario Superior Court of Justice approving the Arrangement will be sought on December 18, 2014. If the final order is obtained, management anticipates that the Arrangement will be completed on or about December 22, 2014, subject to receiving all necessary regulatory approvals.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of securities legislation and that are based on the expectations, estimates and projections of management of the parties as of the date of this news release unless otherwise stated. Forward-looking statements are generally identifiable by use of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" or the negative of these words or other variations on these words or comparable terminology and include statements with respect to the completion of the arrangement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements indicating the risk that all court and regulatory approvals will not be obtained by December 22, 2014. Readers are cautioned not to put undue reliance on forward-looking statements.

Regulatory Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • NexGen Financial Corporation
    Abe Goenka
    Interim Co-Chief Executive Officer

    NexGen Financial Corporation
    Jeff Young
    Interim Co-Chief Executive Officer