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BRIEF-Kinder Morgan Canada Shareholders Vote To Approve Reduction In Stated Capital & Share Consolidation

Published 2018-11-29, 03:02 p/m
© Reuters.  BRIEF-Kinder Morgan Canada Shareholders Vote To Approve Reduction In Stated Capital & Share Consolidation
KMI
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Nov 29 (Reuters) - Kinder Morgan (NYSE:KMI) Canada Ltd KML.TO :

* SHAREHOLDERS VOTE TO APPROVE REDUCTION IN STATED CAPITAL AND SHARE CONSOLIDATION

* KINDER MORGAN CANADA - SHAREHOLDERS VOTE TO APPROVE REDUCTION OF STATED CAPITAL ACCOUNT OF RESTRICTED VOTING SHARES BY TOTAL AMOUNT EQUAL TO $1.45 BILLION

* KINDER MORGAN CANADA - VOTING IN FAVOR OF SPECIAL RESOLUTION APPROVING REDUCTION IN STATED CAPITAL WERE 322.9 MILLION (OR 99.9986 PERCENT) OF SHARES VOTED

* KINDER MORGAN CANADA LTD - KML BOARD DECLARED A RETURN OF CAPITAL IN AMOUNT OF $11.40 PER RESTRICTED VOTING SHARE

* KINDER MORGAN CANADA LTD - KML EXPECTS RESTRICTED VOTING SHARES TO COMMENCE TRADING ON A "DUE BILL" BASIS AT OPENING ON DECEMBER 13, 2018

* KINDER MORGAN CANADA - SHAREHOLDERS VOTE TO APPROVE A CONSOLIDATION OF ISSUED & OUTSTANDING RESTRICTED VOTING SHARES AND SPECIAL VOTING SHARES OF CO

* KINDER MORGAN CANADA - RETURN OF CAPITAL IS PAYABLE OUT OF KML'S PORTION OF NET PROCEEDS FROM ITS SALE OF TRANS MOUNTAIN PIPELINE SYSTEM

* KINDER MORGAN CANADA LTD - KML ALSO SET EFFECTIVE DATE FOR SHARE CONSOLIDATION ON JANUARY 4, 2019.

* KINDER MORGAN CANADA - SHARE CONSOLIDATION TO BE EFFECTED ON BASIS OF 1 POST-CONSOLIDATION SHARE FOR EVERY 3 PRE-CONSOLIDATION SHARES

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