{"id":454690,"date":"2021-03-10T08:03:38","date_gmt":"2021-03-10T13:03:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454690"},"modified":"2021-03-10T08:03:38","modified_gmt":"2021-03-10T13:03:38","slug":"subversive-acquisition-lp-announces-receipt-of-interim-order-for-plan-of-arrangement-and-acceptance-by-neo-exchange-inc-of-qualifying-transaction","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/subversive-acquisition-lp-announces-receipt-of-interim-order-for-plan-of-arrangement-and-acceptance-by-neo-exchange-inc-of-qualifying-transaction\/","title":{"rendered":"Subversive Acquisition LP Announces Receipt of Interim Order for Plan of Arrangement and Acceptance by NEO Exchange Inc. of Qualifying Transaction"},"content":{"rendered":"
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Canada NewsWire<\/p>\n<\/p><\/div>\n

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\n TORONTO<\/span>, March 10, 2021<\/span> \/CNW\/ – SUBVERSIVE ACQUISITION LP<\/b>\u00a0(TSX: SVX.U) (NEO: SVX.U) (OTCQX: SBVRF) (“SVX<\/b>“) today announced that it has obtained an interim order from the Supreme Court of British Columbia<\/span> authorizing the calling and holding of a special meeting (the “Meeting<\/b>“) of the Unitholders (as defined below), the granting of dissent rights and other matters relating to the conduct of the Meeting. <\/p>\n

At the Meeting, the holders of Restricted Voting Units and Proportionate Voting Units (collectively, the “Unitholders<\/b>“) will be asked to pass a special resolution relating to the proposed plan of arrangement (the “Arrangement<\/b>“) involving SVX. The Arrangement is subject to the approval of at least 662\/3<\/sup>% of the votes cast on such resolution by Unitholders virtually present or represented by proxy at the Meeting, voting together as a single class. In addition, holders of the Restricted Voting Units will be asked to pass a special resolution to extend the date by which SVX has to consummate a qualifying transaction from April 8, 2021<\/span> to up to August 31, 2021<\/span> (the “Extension<\/b>“). SVX may reduce the time period of the Extension by issuing a press release announcing such action. The Extension is subject to the approval of at least a simple majority of the votes cast by holders of Restricted Voting Units virtually present or represented by proxy at the Meeting.<\/p>\n

The Arrangement will be carried out pursuant to the terms of the amended and restated definitive agreement dated February 9, 2021<\/span> (the “Arrangement Agreement<\/b>“) among InterCure Ltd. (“InterCure<\/b>“), Subversive Real Estate Acquisition REIT (GP) Inc., an affiliate of InterCure and certain other parties, pursuant to which all of the issued and outstanding securities of SVX will be acquired by an affiliate of InterCure, by way of a plan of arrangement, in consideration for the issuance of a number of InterCure ordinary shares (the “Qualifying Transaction<\/b>“). <\/p>\n

\n Meeting and Meeting Materials<\/b>\n <\/p>\n

The Meeting, which has been rescheduled to Tuesday April 6, 2021<\/span>, will be held in a virtual only format, commencing at 10:00 a.m.<\/span> (Toronto<\/span> time). <\/p>\n

Meeting materials, including a notice of special meeting of Unitholders, management information circular and form of proxy, are scheduled to be mailed to Unitholders of record as of February 25, 2021<\/span> in advance of the Meeting, in accordance with statutory requirements and the interim order, and will be available under SVX’s SEDAR profile at www.sedar.com<\/a>. <\/p>\n

Unitholders should carefully review all Meeting materials as they contain important information concerning the Arrangement and the rights and entitlements of the Unitholders. <\/p>\n

\n NEO Acceptance of Qualifying Transaction <\/b>\n <\/p>\n

SVX also announces today that NEO Exchange Inc. (the “NEO<\/b>Exchange<\/b>“) has notified SVX that it does not object to the Qualifying Transaction proceeding under the rules of the Toronto Stock Exchange (the “TSX<\/b>“), subject to the receipt of necessary regulatory and\/or TSX approvals.<\/p>\n

As previously announced by SVX, the Qualifying Transaction investment highlights include:<\/p>\n