10-2722

10-2722. Information statement

A. Not later than ten days after a control share acquisition, the acquiring person
shall deliver to the issuing public corporation at its principal executive office an
information statement containing all of the following:

1. The identity of the acquiring person, including the identity of each member of
any partnership, syndicate or other group constituting the acquiring person and the
identity of each affiliate and associate of the acquiring person, including the identity
of each affiliate and associate of each member of such partnership, syndicate or other
group.

2. A reference that the information statement is made under this section.

3. The number and class or series of shares of the issuing public corporation
beneficially owned, directly or indirectly, before the control share acquisition by each
of the persons identified pursuant to paragraph 1.

4. The number and class or series of shares of the issuing public corporation
acquired or proposed to be acquired pursuant to the control share acquisition by each of
the persons identified pursuant to paragraph 1 and specification of which of the
following ranges of voting power in the election of directors that, except for this
section, the acquiring person in good faith believes resulted or would result from
consummation of the control share acquisition:

(a) At least twenty per cent but less than thirty-three and one-third per cent.

(b) At least thirty-three and one-third per cent but less than or equal to fifty
per cent.

5. The terms of the control share acquisition or proposed control share
acquisition, including the source of monies or other consideration and the material terms
of the financial arrangements for the control share acquisition, plans or proposals of
the acquiring person, including plans or proposals under consideration, to liquidate or
dissolve the issuing public corporation, to sell all or a substantial part of its assets
or merge or consolidate it or exchange its shares with any other person, to change the
location of its principal place of business or its principal executive office or of a
material portion of its business activities, to change materially its management or
policies of employment, to change materially its charitable or community contributions or
its policies, programs or practices relating thereto, to change materially its
relationship with suppliers or customers or the communities in which it operates or to
make any other material change in its business, corporate structure, management or
personnel and such other objective facts as would be substantially likely to affect the
decision of a shareholder with respect to voting on the control share acquisition.

B. If any material change occurs in the facts set forth in the information
statement, including any material increase or decrease in the number of shares of the
issuing public corporation acquired or proposed to be acquired by the persons identified
pursuant to subsection A, paragraph 1, the acquiring person shall promptly deliver to the
issuing public corporation at its principal executive office an amendment to the
information statement containing information relating to such material change. An
increase or decrease or proposed increase or decrease equal, in the aggregate for all
persons identified pursuant to subsection A, paragraph 1, to one per cent or more of the
total number of outstanding shares of any class or series of the issuing public
corporation is deemed material for purposes of this subsection. An increase or decrease
or proposed increase or decrease of less than this amount may be material, depending on
the facts and circumstances.