The rescheduled meeting will be held at the offices of
The meeting has been rescheduled to allow Debentureholders additional
time to deposit proxies, vote on the proposed amendments to the
Debentures and elect to receive their preferred consent fee.
Debentureholders who may have voted AGAINST the proposed amendments will have additional time to change their vote
and submit a later dated form of proxy or voting instruction form
voting FOR/Consenting to the proposed amendments by
Other than rescheduling the meeting and the deadline for submitting
proxies, the Company has made no changes to the material contained in
the Management Information Circular dated
The proposed amendments reflect the Company's best efforts to
accommodate those Debentureholders who prefer a larger consent fee and
those who want greater exposure to and participation in the turnaround
underway at IBI. Subject to the passage of the amendments by
Debentureholders, the two attractive options available to
Debentureholders who deliver and do not withdraw valid proxies voting FOR the debenture amendments on or prior to the extended deadline of
•"Option A" Debentureholders receive a consent fee, consisting of an unsecured, non-convertible promissory note equal to
•"Option B" Debentureholders receive a consent fee, consisting of an unsecured, non-convertible promissory note equal to
Should the debenture amendments fail to pass, the Company could be
forced to convert the debentures into common shares which will likely
result in significant adverse consequences for IBI's business. IBI's
ability to retain key personnel, many of whom are currently significant
shareholders of IBI, may be severely diminished.
IBI encourages all debentureholders who have questions regarding the
amendments to contact
How to Vote and Who to Contact for Assistance
Debentureholders who own Debentures as of the close of business on May
28, 2014, which is the record date for the meeting, are entitled to
vote with respect to the Debenture amendments.
Any IBI Debentureholders that has already voted FOR/Consented to the Debenture amendments need not take any action, as
their votes will be counted. Any IBI Debentureholders that have already
voted AGAINST the proposed amendments are encouraged to change their vote and vote FOR the amendments prior to
Debentureholders who wish to receive their consent incentive must mark
the votes FOR/Consent to box on the form of proxy/consent that accompanied the
amended management information circular dated
Debentureholders who require assistance in completing their form of
proxy/consent should immediately contact
The Company is a TSX listed corporation and its common shares trade
under the symbol "IBG".
From high-rises to industrial buildings, schools to state-of-the-art
hospitals, transit stations to highways, airports to toll systems, bike
lanes to parks, we design every aspect of a truly integrated city for
people to live, work, and play.
We organize our expertise into three areas:
Intelligence: systems designer, software development.
Buildings: building architecture, building engineering (mechanical,
Infrastructure: planning, urban design, landscape architecture,
transportation, and engineering.
Our collaborative and combined approach focuses not only on creating the
best solutions today, but also creating the right solutions for
We believe cities must be designed with intelligent systems, sustainable
buildings, efficient infrastructure, and a human touch. At IBI, we're
defining the cities of tomorrow.