Boucherville, December 11, 2014 – Uni-Select Inc. (“Uni-Select”) (TSX: UNS), a major automotive aftermarket product distributor with activities across North America, announces today that it has sent notices of redemption for all of its outstanding 5.9% Extendible Convertible Unsecured Subordinated Debentures due on January 31, 2016 (the “Debentures”).
The entire aggregate principal amount of the $51,750,000 of Debentures outstanding will be redeemed as of February 1, 2015 (the “Redemption Date”), upon payment by Uni-Select of a redemption amount of $1,000 for each $1,000 principal amount of Debentures (the “Redemption Price”). All accrued and unpaid interest on the Debentures up to January 31, 2015, inclusively, will be paid immediately prior to the Redemption Date.
The Redemption Price will be payable upon presentation and surrender of the Debentures called for redemption at Computershare Trust Company of Canada, 1500 University Street, 7th Floor, Montréal, Québec, H3A 3S8.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this press release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Founded in 1968, Uni-Select is a major distributor of replacement parts, equipment, tools, accessories, paint and related products for motor vehicles in North America. Leader in the Canadian industry, Uni-Select is the 5th largest distributor and the leading independent distributor of automotive paint and related products in North America. With its 5,400 employees, Uni-Select efficiently services a wide network of independent installers and wholesalers, including over 6,600 which operate under one of its banner programs in North America. Uni-Select is headquartered in Boucherville, Québec and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.
The information provided in this press release includes some forward-looking information, which includes certain risks and uncertainties which may cause the final results to be significantly different from those listed or implied within this news release. For additional information with respect to risks and uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian securities commissions. The forward-looking information contained herein is made as of the date of this press release, and Uni-Select does not undertake to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.
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Investor Relations and Communications Manager