CANADIAN WESTERN BANK ANNOUNCES FILING OF CIRCULAR FOR SPECIAL MEETING OF COMMON SHAREHOLDERS
DETAILS OF THE MEETING
The Meeting is scheduled to be held in-person on
THE TRANSACTION
As previously announced on
CWB's board of directors (the "Board"), having taken into account such factors and matters as it considered relevant, including, among other things, the unanimous recommendation of a special committee of independent directors of CWB, and after receiving outside legal and financial advice, unanimously determined that the Transaction is in the best interests of CWB and is fair to CWB Shareholders. After careful consideration of the Transaction, the Board has unanimously approved the Transaction and UNANIMOUSLY recommends that CWB Shareholders vote IN FAVOUR of the resolution relating to the Transaction by voting 'FOR'.
QUESTIONS
If you have any questions about the information contained in this press release in connection with the Meeting, please contact CWB's strategic advisor,
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FORWARD-LOOKING INFORMATION
From time to time, CWB makes written and verbal forward-looking statements. Statements of this type are included in this press release and may be included in filings with Canadian securities regulators or in other communications such as media releases and corporate presentations. Forward-looking statements in this press release may include, but are not limited to, statements regarding the anticipated timing for the Meeting and the mailing of the Circular and other Meeting materials. Forward-looking statements are typically identified by the words "believe", "expect", "anticipate", "intend", "estimate", "may increase", "may impact", "goal", "focus", "potential", "proposed" and other similar expressions, or future or conditional verbs such as "will", "should", "would" and "could".
By their very nature, forward-looking statements involve numerous assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that CWB's predictions, forecasts, projections, expectations, and conclusions will not prove to be accurate, that CWB's assumptions may not be correct, and that CWB's strategic goals will not be achieved.
Forward-looking statements in this press release are based on a number of assumptions and are subject to risk factors, many of which are beyond CWB's control and the impacts of which are difficult to predict. These factors include, but are not limited to, expected timing of completion of the Transaction and the conditions precedent to the closing of the Transaction (including the required approvals); that the Transaction will be completed on the terms currently contemplated; assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information available as of the date hereof; and our ability to anticipate and manage the risks associated with these factors. It is important to note that the preceding list is not exhaustive of possible factors.
Additional information about certain factors can be found in the "Risk Management" section of CWB's 2023 Annual MD&A and in the Circular. These and other factors should be considered carefully, and CWB Shareholders are cautioned not to place undue reliance on these forward-looking statements as a number of important factors could cause CWB's actual results to differ materially from the expectations expressed in such forward-looking statements. Any forward-looking statements contained in this press release represent CWB's views as of the date hereof. Unless required by law, CWB does not undertake to update any forward-looking statement, whether written or verbal, that may be made from time to time by CWB or on CWB's behalf. The forward-looking statements contained in this press release are presented for the purpose of assisting readers in understanding our financial position and results of operations as at and for the periods ended on the dates presented, as well as CWB's strategic priorities and objectives, and may not be appropriate for other purposes.
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