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Héroux-Devtek announces shareholder approval of proposed capital reduction and repayment

Héroux-Devtek announces shareholder approval of proposed capital reduction 
and repayment 
LONGUEUIL, QC, Dec. 18, 2012 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX) 
("Héroux-Devtek" or the "Corporation"), a leading Canadian manufacturer of 
aerospace products, is pleased to announce that its shareholders voted in 
favour of a special resolution to reduce the amount of the Corporation's 
issued share capital by $2.70 per share and repay such amount on December 19, 
2012 to shareholders of record on November 20, 2012. This approval was 
obtained at a special shareholder meeting held earlier today in Montréal, 
Québec. 98.83% of the proxies received by the Corporation were voted in 
favour of the capital reduction and repayment. 
Therefore, the previously announced special cash distribution of $5.00 per 
share ($157,494,525) will be composed of a capital reduction and repayment of 
$2.70 per share ($85,047,044) and a special cash dividend of $2.30 per share 
($72,447,481). As a result, a shareholder will, under certain circumstances, 
not be subject to tax on the amount of the capital reduction and repayment or, 
at the very least, be able to treat the amount of the capital reduction and 
repayment that is in excess of the shareholder's cost base in the shares as a 
capital gain. 
The shares will commence trading on an ex-distribution basis (i.e. without an 
attached "due bill" entitlement to the special distribution) from the opening 
of trading on December 20, 2012, the first trading day following the payment 
date. Investors who enter into trades to purchase shares on or after December 
20, 2012 will not be entitled to the special distribution. The due bills will 
be redeemed on December 24, 2012 once all the trades with attached due bills 
entered into up to and including December 19, 2012 have settled. 
About Héroux-Devtek Inc.
Héroux-Devtek Inc. (TSX: HRX) is a Canadian company specializing in the 
design, development, manufacture and repair and overhaul of landing gear 
systems and components for the Aerospace market. The Corporation is the third 
largest landing gear company in the world, supplying both the commercial and 
military sectors of the Aerospace market with new landing gear systems and 
components, as well as aftermarket products and services. Approximately 70% of 
the Corporation's sales are outside Canada, mainly in the United States. The 
Corporation's head office is located in Longueuil, Québec with facilities in 
the Greater Montreal area (Longueuil, Laval and St-Hubert); Kitchener and 
Toronto, Ontario; as well as Springfield and Cleveland, Ohio. 
Forward-Looking Statements
Except for historical information provided herein, this press release may 
contain information and statements of a forward-looking nature concerning the 
future performance of the Company. These statements are based on suppositions 
and uncertainties as well as on management's best possible evaluation of 
future events. Such factors may include, without excluding other 
considerations, fluctuations in quarterly results, evolution in customer 
demand for the Company's products and services, the impact of price pressures 
exerted by competitors, and general market trends or economic changes. As a 
result, readers are advised that actual results may differ from expected 
results. 
From: Héroux-Devtek Inc. Gilles Labbé President and Chief Executive Officer 
Tel.: (450) 679-3330  Contact: MaisonBrison Martin Goulet, CFA Tel.: (514) 
731-0000 
SOURCE: HEROUX-DEVTEK INC. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2012/18/c9985.html 
CO: MAISON BRISON - ENGLISH
ST: Quebec
NI: ARO LOAN MNA ACC  
-0- Dec/18/2012 15:31 GMT
 
 
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