HALIFAX, Nova Scotia--(BUSINESS WIRE)--
Late on Thursday, April 11, 2019, the Nova Scotia Legislature passed
Bill 135, amending the NS Power Privatization Act (1992) and the NS
Power Reorganization Act (1998). These amendments were introduced by the
Government of Nova Scotia on April 3, 2019.
Upon receipt of Royal Assent, Bill 135 removes the legislative
restriction preventing non-Canadian residents from holding more than 25
per cent of Emera’s voting shares, in aggregate. This would enable Emera
to amend its articles of association to remove this restriction by
approval of a special resolution of its shareholders.
Forward Looking Information
This news release contains forward‐looking information within the
meaning of applicable securities laws. By its nature, forward‐looking
information requires Emera to make assumptions and is subject to
inherent risks and uncertainties. These statements reflect Emera
management’s current beliefs and are based on information currently
available to Emera management. There is a risk that predictions,
forecasts, conclusions and projections that constitute forward‐looking
information will not prove to be accurate, that Emera’s assumptions may
not be correct and that actual results may differ materially from such
forward‐looking information. Additional detailed information about these
assumptions, risks and uncertainties is included in Emera’s securities
regulatory filings, including under the heading “Enterprise Risk and
Risk Management” in Emera’s annual Management’s Discussion and Analysis,
and under the heading “Principal Financial Risks and Uncertainties” in
the notes to Emera’s annual financial statements, which can be found on
SEDAR at www.sedar.com.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company
headquartered in Halifax, Nova Scotia, with approximately $32 billion in
assets and 2018 revenues of more than $6.5 billion. The company
primarily invests in regulated electricity generation and electricity
and gas transmission and distribution with a strategic focus on
transformation from high carbon to low carbon energy sources. Emera has
investments throughout North America, and in four Caribbean countries.
Emera’s common and preferred shares are listed on the Toronto Stock
Exchange and trade respectively under the symbol EMA, EMA.PR.A,
EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts
representing common shares of Emera are listed on the Barbados Stock
Exchange under the symbol EMABDR and on The Bahamas International
Securities Exchange under the symbol EMAB. Additional Information can be
accessed at www.emera.com
or at www.sedar.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190412005242/en/
Emera Inc. Investor Relations
Ken McOnie, 902-428-6945
Kenneth.McOnie@emera.com
or
Erin
Power
902-428-6760
Erin.Power@emera.com
Media
Jeff Myrick
902-428-7172
Source: Emera Inc.