Press Releases

  • Tuesday, July 31, 2012
    GENIVAR obtains Court approval for previously announced transaction with WSP Group PLC
     

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

    MONTREAL, July 31, 2012 - GENIVAR Inc. (TSX: GNV) ("GENIVAR" or the "Corporation") is pleased to announce that the High Court of Justice in England and Wales (the "Court") has made an order today sanctioning the scheme of arrangement under Part 26 of the U.K. Companies Act 2006 (the "Scheme") pursuant to which GENIVAR will acquire all of the issued and outstanding shares (the "Transaction") of WSP Group PLC ("WSP"). The Court also confirmed the related capital reduction of WSP to effect the Transaction.

    The Scheme and capital reduction will become effective upon delivery of the order made by the Court and the statement of capital approved by the Court to the U.K. Registrar of Companies. Such delivery is expected to occur on August 1, 2012, at which point the Transaction will close.

    The listing of WSP shares on the London Stock Exchange is expected to be cancelled on August 2, 2012.

    Forward-looking information

    Certain information regarding GENIVAR contained herein may constitute forward-looking statements. Forward-looking statements may include statements with respect to, among other things, the Transaction, estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although GENIVAR believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. GENIVAR's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and GENIVAR does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.

    ABOUT GENIVAR

    GENIVAR is a leading Canadian professional consulting services firm providing private and public-sector clients with a broad diversity of services in planning, engineering, surveying, environmental sciences, and projects and construction management, as well as architecture through strategic alliances. The Corporation is a fee-for-service professional consultants firm and it reports in one reportable segment, which is commonly referred to as consulting services. GENIVAR is one of the largest professional services firms in Canada by number of employees, with more than 5,500 managers, professionals, technicians, technologists, and support staff in over 100 cities in Canada and abroad. www.genivar.com

    GENIVAR INC.

    Alexandre L'Heureux
    Chief Financial Officer
    GENIVAR Inc.
    Phone: (514) 343-0773 x5310

    Isabelle Adjahi
    Director, Communications and Investor Relations
    GENIVAR Inc.
    Phone: (514) 343-0773 x5648