Examples of PCLCH in a sentence
The directors of both PCLEH and PCLCH have unanimously approved this proposal.
To view a chart setting out the number of shares held by each of the directors and executive officers of both PCLEH and PCLCH, either directly or through their holdings companies, click here.
The directors of PCLEH and PCLCH believe that the Arrangement and subsequent deregistration with the SEC are consistent with the principle of employee share ownership and are in the best interests of PCLEH and its shareholders.
Those directors of PCLCH who are residents of the United States will be affected by the Arrangement in the same way as all other shareholders of PCLEH who are residents of the United States.
The directors of PCLEH and PCLCH also believe that the process set out for approval of the Arrangement Resolution is fair because: • all shareholders – whether they hold voting or non-voting shares – will be entitled to vote on the Arrangement Resolution, • approval will require approval by 75% of the votes cast in respect of each Class of shares, and • approval by a Justice of the Court of Queen’s Bench of Alberta will be required, after consideration of the issue of fairness to shareholders.
The boards of directors and PCLEH and PCLCH recommend that shareholders vote in favor of this proposal.
Except as set out in the chart noted above, none of the directors of PCLEH or PCLCH is a security holder or a creditor of PCLEH.
All of the members of the board of directors of PCLCH were present at this meeting and also expressed their unanimous support for this decision.
PCLCH owns a number of subsidiary companies currently carrying out operations in both the United States and Canada in the construction industry (the “PCL family of companies”).