Canadian Western Bank (TSX: CWB) (“CWB”) is pleased to announce the voting results from its special meeting of common shareholders (“CWB Shareholders”) conducted today (the “Meeting”) in connection with National Bank of Canada’s (“NBC”) proposal to acquire all of the issued and outstanding CWB common shares (“CWB Shares”) by way of a share exchange (the “Transaction”).
The Transaction requires the approval of 66⅔% of the votes cast by CWB Shareholders present or represented by proxy and entitled to vote at the Meeting (the “Required Shareholder Approval”). At the Meeting, the resolution approving the Transaction was approved by 99.78% of the votes cast by CWB Shareholders. A copy of the report of voting results will be available on CWB’s SEDAR+ profile at www.sedarplus.com and on CWB’s website at www.cwb.com/special-meeting-of-common-shareholders.
In addition to receipt of the Required Shareholder Approval, the completion of the Transaction is subject to the receipt of required regulatory approvals and the satisfaction or waiver of other customary conditions. Assuming that the remaining conditions are satisfied, it is expected that the Transaction will be completed in 2025.
FOR FURTHER INFORMATION CONTACT:
Chris Williams
AVP, Investor Relations
CWB Financial Group
Phone: 780-508-8229
Email: [email protected]
The Transaction requires the approval of 66⅔% of the votes cast by CWB Shareholders present or represented by proxy and entitled to vote at the Meeting (the “Required Shareholder Approval”). At the Meeting, the resolution approving the Transaction was approved by 99.78% of the votes cast by CWB Shareholders. A copy of the report of voting results will be available on CWB’s SEDAR+ profile at www.sedarplus.com and on CWB’s website at www.cwb.com/special-meeting-of-common-shareholders.
In addition to receipt of the Required Shareholder Approval, the completion of the Transaction is subject to the receipt of required regulatory approvals and the satisfaction or waiver of other customary conditions. Assuming that the remaining conditions are satisfied, it is expected that the Transaction will be completed in 2025.
FOR FURTHER INFORMATION CONTACT:
Chris Williams
AVP, Investor Relations
CWB Financial Group
Phone: 780-508-8229
Email: [email protected]