Viterra Announces Application to Cease to Be a Reporting Issuer in Canada - Viterra Announces Application to Cease to Be a Reporting Issuer in Canada - Canada
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REGINA, SASKATCHEWAN--(Marketwired - March 21, 2016) - Viterra Inc. (Viterra) announced today that it has applied to the securities regulatory authorities in each of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador for a decision deeming it to have ceased to be a reporting issuer in such jurisdictions. Viterra has one series of debt securities outstanding, being US$400 million aggregate principal amount of 5.95% unsecured notes due in August 2020, which are fully and unconditionally guaranteed by Glencore plc (Glencore) and Glencore International AG.
As announced in a news release on June 6, 2014, Viterra previously obtained relief from the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission permitting Viterra to satisfy its Canadian public disclosure requirements by filing on the System for Electronic Document Analysis and Retrieval (SEDAR) Glencore's consolidated financial statements, among other of Glencore's UK public disclosure requirements, rather than Viterra's consolidated financial statements. If the requested decision is granted by the securities regulatory authorities, Viterra will cease to be a reporting issuer in any jurisdiction of Canada and, as a result, will no longer be required to file financial statements and other continuous disclosure documents of itself, Glencore or any other entity with any Canadian securities regulatory authority.
Viterra is Canada's grain industry leader, supported by the expertise of its people, a superior network of assets, and unrivalled connections to world markets. Headquartered in Regina, Saskatchewan, our commitment to agriculture goes back over 100 years, partnering with farmers to market and move their crops to areas of need around the world. Our continued focus on operational excellence throughout North America allows us to efficiently handle, process, distribute and transport grains and oilseeds. We provide further value to our partners through a wide variety of contracting and risk management tools to help them realize the full potential of their crops. For more information on Viterra in North America, please visit www.viterra.com. Viterra is part of the Agricultural Business Segment of Glencore.