|[March 20, 2017]
Kew Media Group Inc. Completes Qualifying Acquisition
Kew Media Group Inc. (TSX: KEW):
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED
Kew Media Group Inc. (TSX: KEW) ("Kew") today announced
the closing of its qualifying acquisition (the "Qualifying Acquisition")
of six leading content companies to create a global media platform.
On closing of the Qualifying Acquisition, Kew becomes one of the most
significant independent content companies in the world, with ten
production companies supporting an international distribution platform
and primary offices in London, Los Angeles, New York and Toronto. The
companies acquired by Kew develop, produce and distribute
multi-platform, mass-audience, returnable content for the global market,
across the following genres: factual, reality, lifestyle, drama, comedy,
documentary, variety and branded content. Kew now owns over 6,000 hours
of premium content sold in over 150 countries on almost every available
Following closing of the Qualifying Acquisition, Kew has approximately
11.5 million Class B Shares and 7.4 million share purchase warrants
outstanding. The Class B Shares are expected to commence trading on the
Toronto Stock Exchange (the "TSX") on March 23, 2017, concurrent
with the delisting of the Class A Restricted Voting Shares.
Goodmans LLP is Kew's legal counsel. TD Securities Inc. acted as Kew's
financial advisor. Grant Thornton (News - Alert) LLP, Industry Media Limited and Evra
Media Solutions Inc. also assisted Kew with the Qualifying Acquisition.
Stikeman Elliott LLP acted as TD's legal counsel.
In connection with closing of the Qualifying Acquisition, the TSX
granted Kew an exemption from the requirement to hold an annual meeting
of shareholders in 2017. Accordingly, Kew's first annual meeting of
shareholders will be held on or before June 28, 2018.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170320006167/en/
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