Brief: Simpson Oil Limited Calls For Strategic Review At Parkland Corporation

Parkland

13/04/2024 24:45

April 12 (Reuters) - Parkland Corp  PKI.TO :
    * SIMPSON OIL LIMITED CALLS FOR STRATEGIC REVIEW AT PARKLAND
CORPORATION
    * SIMPSON OIL: CALLING ON PARKLAND BOARD TO START REVIEW OF
STRATEGIC ALTERNATIVES, INCLUDING POTENTIAL TRANSITION OF CO TO
NEW OWNERSHIP
    * SIMPSON OIL: BELIEVE PARKLAND CORP HAS STOPPED PURSUING
ITS
PREVIOUS STRATEGIES THAT MADE IT SUCH A COMPELLING INVESTMENT
    * SIMPSON OIL: HOLDS 34.4 MILLION COMMON SHARES IN CAPITAL
OF
PARKLAND, REPRESENTING ABOUT 19.72% OF ISSUED AND OUTSTANDING
COMMON SHARES
    * SIMPSON OIL:WOULD BE OPEN TO PARTICIPATING IN DEAL TO
PROVIDE
PARKLAND SHAREHOLDERS WITH OPPORTUNITY TO EXCHANGE SHARES FOR
SHARES OF ANOTHER OPERATOR

Source text for Eikon:  ID:nCNWhckqha 
Further company coverage:  PKI.TO 

 ((Reuters.Briefs@thomsonreuters.com;))