VANCOUVER, BC,
Aug. 8,
2024 /CNW/ -
Copperleaf Technologies Inc. (TSX: CPLF)
("Copperleaf" or the "Company") is pleased
to announce that on August 7, 2024
the British Columbia Supreme Court issued a final order approving
the previously announced indirect acquisition by Industrial and
Financial Systems, IFS AB ("IFS") of all of the issued and
outstanding common shares in the capital of Copperleaf
pursuant to a statutory
plan of arrangement (the
"Arrangement") under the
Canada Business Corporations Act.
Completion of the Arrangement remains subject to customary conditions and
certain regulatory approvals. Copperleaf and IFS have already
received approval under the Competition Act (Canada) with respect to the Arrangement. It is
anticipated that the Arrangement will be completed in the coming
weeks, upon delivery by the parties of customary deliverables in
accordance with the terms of the arrangement agreement between
Copperleaf and IFS.
Further information regarding the Arrangement
is provided in the Management Information Circular
for the shareholder meeting held on August 2, 2024, at which the Arrangement was
approved by Copperleaf shareholders. The Management
Information Circular is available under the Company's
profile on SEDAR+ at www.sedarplus.ca and
on Copperleaf's website at https://investors.copperleaf.com.
About Copperleaf Technologies Inc.
Copperleaf (TSX:CPLF) provides enterprise decision analytics
software solutions to companies managing critical infrastructure.
Copperleaf leverages operational and financial data to empower its
clients to make investment decisions that deliver the highest
business value. What sets Copperleaf apart is its industry-leading
products and its commitment to providing extraordinary experiences,
shaped by people who care deeply and partnerships that stand the
test of time. Copperleaf is actively involved in shaping and
implementing global industry standards and sustainability
principles through its participation in the United Nations Global
Compact, the Institute of Asset Management, and other
organizations. Headquartered in Vancouver, Canada, Copperleaf's solutions are
distributed and supported by regional staff and partners worldwide.
Together, we are transforming how the world sees value.
About IFS
IFS develops and delivers cloud enterprise software for
companies around the world who manufacture and distribute goods,
build and maintain assets, and manage service-focused operations.
Within IFS's single platform, the company's industry specific
products are innately connected to a single data model and use
embedded digital innovation so that company customers can be their
best when it really matters to their customers—at the Moment of
Service™. The industry expertise of the company's people and of its
growing ecosystem, together with a commitment to deliver value at
every single step, has made IFS a recognized leader and the most
recommended supplier in its sector. IFS's team of over 6,000
employees every day live our values of agility, trustworthiness,
and collaboration in how the company supports its 6,500+
customers.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws
in Canada.
Forward-looking information may relate to our future
business, financial outlook, and anticipated events or results, and
may include information regarding our financial position, business
strategy, growth strategies, addressable markets, budgets,
operations, financial results, taxes, dividend policy, plans and
objectives. Particularly, information regarding our expectations of
future results, performance, achievements, prospects, or
opportunities, or the markets in which we operate, is
forward-looking information. In some cases, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "targets", "expect" or "does not
expect", "is expected", "is poised to", "an opportunity exists",
"budget", "scheduled", "estimates", "outlook", "future", "financial
outlook", "forecasts", "projection", "prospects", "strategy",
"intends", "anticipates", "does not anticipate", "believes", or
variations of such words and phrases, or statements that certain
actions, events, or results "may", "could", "would", "might",
"will" occur or be taken, or "will continue to" or "are poised to"
be achieved. In addition, any statements that refer to
expectations, intentions, projections, or other characterizations
of future events or circumstances contain forward-looking
information. Statements containing forward-looking information are
not historical facts but instead represent management's
expectations, estimates and projections regarding possible future
events or circumstances. Forward looking information in this news
release includes statements relating to the satisfaction of
conditions to closing of the Arrangement and the expectation that
the Arrangement will be completed in the coming weeks.
Forward-looking information is necessarily based on a number
of opinions, estimates and assumptions that we considered
appropriate and reasonable as at the date such statements are made,
and are subject to known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results,
level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to: the possibility that the
Arrangement will not be completed on the terms and conditions or
timing currently contemplated, or at all, due to a failure to
obtain, in a timely manner or otherwise, required regulatory
approvals, the failure to satisfy other conditions of closing or
other circumstances contemplated by the Arrangement; the
possibility of adverse reactions or changes in business
relationships resulting from the announcement, completion or
termination of the Arrangement which could have a material impact
on Copperleaf's business and financial condition during the period
prior to the closing of the Arrangement and upon any termination of
the Arrangement; risks relating to Copperleaf's ability to retain
and attract key personnel in the period prior to the closing of the
Arrangement; contractual restrictions imposed on Copperleaf's
business under the Arrangement in the period prior to the closing
of the Arrangement; the dedication by Copperleaf of significant
resources to pursuing the Arrangement; and the risk factors
described in our 2023 Annual Information Form ("AIF") under
"Risk Factors". A copy of the 2023 AIF can be accessed under our
profile on the System for Electronic Document Analysis and
Retrieval Plus ("SEDAR+") at
www.sedarplus.ca.
There can be no assurance that such forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward-looking information, which speaks only as at the date
made. We are under no obligation (and we expressly disclaim any
such obligation) to update or alter any statements containing
forward-looking information, the risks or assumptions underlying
them, whether as a result of new information, future events or
otherwise, except as required by law. All of the forward-looking
information in this news release is qualified by the cautionary
statements herein.
Source: Copperleaf Technologies Inc.
CPLF-IR
SOURCE Copperleaf Technologies Inc.