ARIO and SISP Process
The AR Initial Order authorizes and directs
In order to participate in the SISP and obtain access to a virtual data room and other information, interested parties must comply with the terms and conditions set forth in the AR Initial Order and other related documents, which are available on the Monitor’s website at: http://cfcanada.fticonsulting.com/dynamicgroup.
Parties interested in participating in the SISP should contact
robert.kleebaum@fticonsulting.com
1 403 454 6035
Interested parties who wish to submit a bid must deliver a non-binding letter of intent to the Monitor and the Company in accordance with the SISP by no later than
At this time there is no certainty as to the outcome of the SISP. Accordingly, it is unclear whether or not there will be any value remaining for holders of Dynamic’s shares at the conclusion of the SISP.
The AR Initial Order also includes, in addition to the Extended Stay Period and approval of the SISP: (i) an increase to the administration charge (the “Administration Charge”) of up to
Transfer to NEX and Suspension of Trading
As a result of the CCAA Process, Dynamic’s listing was transferred to the NEX Board of the
About
Dynamic is a world leader in the design engineering, production, and commissioning of iconic, media-based attractions and ride systems for the global theme park industry and popular tourist destinations. Dynamic leverages its world class, media-based attraction products and attraction development capability on a co-venture ownership basis. The Company also applies its engineering integration and problem-solving skills on special projects in diversified industries such as alternative energy and large optical telescopes and enclosures. Dynamic’s common shares are listed on the NEX Board of the
Executive Chair & CEO | Vice President – Corporate Affairs and Administration |
Phone: (416) 949-7227 | Phone: (204) 589-9301 |
Email: gnelson@dynamictechgroup.com | Email: afrancis@dynamictechgroup.com |
Reader Advisory
This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Dynamic’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, “booked”, ‘‘scheduled’’, “positions”, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’, “believes” or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, “may be”, ‘‘could’’, “should”, ‘‘would’’, ‘‘might’’ or ‘‘will’’, ‘‘occur’’ or ‘‘be achieved’’. Such statements include statements with respect to: (i) the sale of the assets and/or business of the Company under the SISP; (ii) the form or structure of any reorganization of the Company’s business in connection with the SISP; (iii) the Company’s emergence from CCAA as a going concern. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Dynamic believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of the Company. The forward-looking statements contained in this news release represent Dynamic’s expectations as of the date hereof, and are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.
Neither the
Source:
2023 GlobeNewswire, Inc., source