Parkland Fuel Corporation Adopts Shareholder Rights Plan

Parkland Fuel Corporation Adopts Shareholder Rights Plan 
The new plan updates Parkland's previous shareholder rights plan, and
is similar to other shareholder rights plans adopted by Canadian
publicly listed companies 
RED DEER, ALBERTA -- (Marketwired) -- 03/20/14 --   Parkland Fuel
Corporation ("Parkland" or the "Corporation") (TSX: PKI), Canada's
largest independent fuel distributor and marketer, today announced
that its Board of Directors has adopted a shareholder rights plan
(the "Rights Plan"). The Rights Plan will be submitted to
shareholders of Parkland ("Shareholders") at the next annual and
special meeting of shareholders to take place on May 6, 2014 (the
"Meeting"). A copy of the agreement establishing the Rights Plan is
available by accessing the Corporation's profile on SEDAR at
www.sedar.com. 
The Rights Plan is similar to other shareholder rights plans adopted
by Canadian publicly listed companies. The Rights Plan is intended to
ensure that in the context of an unsolicited take-over proposal for
the common shares of Parkland, the Board of Directors has sufficient
time to explore and develop strategic alternatives that are in the
best interests of Parkland's investors. The Rights Plan also seeks to
ensure the fair treatment of Shareholders and to provide them with
adequate time to properly assess any potential take-over bid without
undue pressure. 
The Rights Plan has not been adopted in response to, or in
contemplation of, any specific proposal to acquire control of
Parkland. The Rights Plan is effective immediately although subject
to acceptance by the Toronto Stock Exchange and ratification by
Shareholders at the Meeting.  
The Board of Directors has authorized the issuance of one right in
respect of each common share of the Corporation outstanding at the
close of business on March 18, 2014 and each share issued thereafter.
The rights will become exercisable if a person, together with its
affiliates, associates and joint actors, acquires or announces an
intention to acquire beneficial ownership of common shares which,
when aggregated with its current holdings, total 20 per cent or more
of the outstanding common shares of the Corporation (determined in
the manner set out in the Rights Plan). Following the acquisition of
20 per cent or more of the outstanding common shares, each right held
by a person other than the acquiring person and its affiliates,
associates and joint actors would, upon exercise, entitle the holder
to purchase the common shares at a substantial discount to the market
price of the common shares at that time. 
The Board has the discretion to defer the time at which the rights
become exercisable to a later date determined by the Board and to
waive the application of the Rights Plan or redeem the rights if the
Board determines it is in the best interests of Parkland to do so. 
The Rights Plan permits the acquisition of control of Parkland
through a "permitted bid", a "competing permitted bid" or a
negotiated transaction. A permitted bid is one that, among other
things, is made to all holders of common shares for all of their
shares, is open for a minimum of 60 days and is subject to an
irrevocable minimum tender condition of at least 50 per cent of the
common shares held by independent Shareholders. 
About Parkland Fuel Corporation 
Parkland Fuel Corporation is an independent marketer of petroleum
products in North America, empowered by a continent-wide logistics,
supply and trading platform. We provide motorists, businesses,
consumers and wholesale customers with a safe and dependable source
of gasoline, diesel, propane, lubricants, heating oil and other
products through a network of locations across North America that are
run by community based operators who care. 
For investor and media inquiries please contact Glen Nelson, Manager
of Investor Relations at 1-800-662-7177 ext. 2533. To sign up for
Parkland's investor information services, please go to
http://bit.ly/PKI-Info or visit www.parkland.ca. 
Cautionary Forward-Looking Information 
Certain statements included herein that contain words such as
"believe", "expects", "expected", "will", "intends", "anticipates",
"estimates", "continues", and similar expressions and statements that
are not related to historical facts constitute forward-looking
information or statements under securities laws. In particular, the
forward-looking information and statements herein include, but are
not limited to, statements regarding the implementation of the Rights
Plan, the terms of the rights, the separation of the rights,
regulatory and Shareholder approval and effect of the Rights Plan.
Parkland believes the expectations reflected in such forward-looking
statements are reasonable but no assurance can be given that these
expectations will prove to be correct and such forward-looking
statements should not be unduly relied upon. Forward-looking
statements are not guarantees of future performance and involve a
number of risks and uncertainties, some of which are described in
Parkland's annual information form and other continuous disclosure
documents. Such forward-looking statements necessarily involve known
and unknown risks and uncertainties and other factors, which may
cause Parkland's actual performance in future periods to differ
materially from performance or results expressed or implied by such
forward-looking statements. Such factors include, but are not limited
to: whether the Rights Plan will receive the necessary Shareholder
approval, the timing and conditions under which the rights issued
under the Rights Plan will become exercisable, the timely receipt of
required regulatory approvals and other factors, many of which are
beyond the control of Parkland. Any forward-looking statements are
made as of the date hereof and Parkland does not undertake any
obligation, except as required under applicable law, to publicly
update or revise such statements to reflect new information,
subsequent or otherwise. 
Contacts:
For investor and media inquiries please contact
Parkland Fuel Corporation
Glen Nelson
Manager of Investor Relations
1-800-662-7177 ext. 2533
www.parkland.ca
 
 
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