KP Tissue Inc. To Trade On Toronto Stock Exchange
KP Tissue Inc. - An application has been granted for the original listing in the Industrial category of 53,254,200 common shares (the “Shares”) of KP Tissue Inc. (the “Company”), of which 8,000,001 Shares will be issued and outstanding and 45,254,199 Shares will be reserved for issuance upon completion of an initial public offering (the “Offering”).
Listing of the Shares will become effective at 5:01 p.m. on December 12, 2012, in anticipation of the Offering closing on December 13, 2012. The Shares, other than those which have not been distributed to the public, will be posted for trading at the opening of business on December 13, 2012 upon confirmation of the closing of the Offering.
The Shares will at all times be represented by a global certificate issued in registered form to be held by CDS Clearing and Depository Services Inc. (“CDS”). Individual Share certificates will not be issued. Shares must be purchased, transferred or sold directly through a participant in the CDS book-entry system.
Additional information on the Shares may be found in the final prospectus dated December 5, 2012 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Stock Symbol: “KPT”
CUSIP: 48265Y 10 4
Trading Currency: CAD $
Maker:W.D. Latimer Co. Limited
Address:1900 Minnesota Court
Mississauga, Ontario L5N 5R5
Email Address: firstname.lastname@example.org
Investors Relations:Mario Gosselin
Incorporation:The Company was incorporated under the Canada Business Corporations Act on October 1, 2012.
Fiscal Year End:December 31
Chief Financial Officer:Mark Holbrook
Corporate Secretary:Wendy Kelley
Nature of Business:The Company was created to acquire, and its business will be limited to holding, a limited partnership interest in Kruger Products L.P. (“KPLP”). The principal business of KPLP is to produce, distribute, market and sell a wide range of disposable tissue products, including bathroom tissue, facial tissue, paper towels and napkins, for both the consumer and the away-from-home markets, in North America. KPLP's brands include Cashmere®, Purex®, Scotties® (under long-term license), SpongeTowels®, White Cloud® and White Swan®.
Transfer Agent &
Registrar:Equity Financial Trust Company at its principal offices in Montréal and Toronto.
Dividends:Dividends on the Shares will be at the discretion of the board of directors of the Company. If the Company receives a regular annual distribution from KPLP on a quarterly basis and an initial distribution on the dates and in the amounts set forth in the Prospectus, it will pay a corresponding dividend in an amount of $0.72 per Share per annum to be paid on a quarterly basis ($0.18 per Share) on the 15th day (or, if such day is not a business day, the immediately following business day) of January, April, July and October in each year, with an expected initial dividend of $0.217 per Share payable on April 15, 2013. There can be no guarantee that this policy will be implemented or will remain in effect.
Public Offering:Pursuant to the terms of the Prospectus, 8,000,000 Shares are being offered to the public by Scotia Capital Inc., National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., CIBC World Markets Inc., Desjardins Securities Inc. HSBC Securities (Canada) Inc. and Canaccord Genuity Corp., as underwriters, at a price of $17.50 per Share.