Stichting Oikocredit International Share Foundation to Postpone Reporting Annual Financial Results Due to COVID-19 Related Delays
Toronto, ON - April 29 2020 - Stichting Oikocredit International Share Foundation (the “Foundation”) announced today that due to delays to operations caused by the Covid-19 virus, it is relying on the exemption provided in Ontario Instrument 51502 Temporary Exemption from Certain Corporate Finance Requirements (and similar exemptions provided by other Canadian securities regulators) (the “Extension Instrument”) to postpone the filing of the audited annual financial statements for the twelve-month period ended December 31, 2019 and notice of use of proceeds (together the “Documents”).
The Extension Instrument provides the Foundation with an additional 45 days from the deadline otherwise applicable under securities laws to make the filing. The Foundation expects to file the Documents as soon as possible, and in any event within the 45-day relief period provided by the Extension Instrument.
The Foundation is required to file the Documents in British Columbia, Alberta, Ontario, New Brunswick and Nova Scotia, and deliver the Documents in British Columbia, Alberta, Ontario, New Brunswick and Nova Scotia as it previously filed a Report of Exempt Distribution in those provinces under section 2.9 (the Offering Memorandum exemption) of National Instrument 45-106 Prospectus Exemptions in those jurisdictions.
Forward-Looking Information
The information contained in this press release contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof, and the Foundation does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Foundation’s expectations or projections.
For more information, please contact:
General Inquiries:
Brigid McQuaid, Administrative Assistant, 647-546-2393 bmcquaid@oikocredit.org
Investor Inquiries:
Lydia Tomitova, Investor Relations Manager, ltomitova@oikocredit.org, +31 625695729