ENP Newswire -
Release date- 26062014 -
The Offering was completed through a syndicate of underwriters (the 'Underwriters') led by
The Offering consisted of 2,847,000 Common Shares issued at a price of
The net proceeds of the Offering will be used to reduce all outstanding indebtedness under the Corporation's
Based on its agreements with its
The Corporation estimates an annualized payout ratio of 82% based on current income and expenses and with an annualized dividend of
The Corporation provides alternative financing to a diversified group of
Management of Alaris believes that
Annualized Payout Ratio: The term 'annualized payout ratio' is a financial measure used in this press release that is not a standard measure under International Financial Reporting Standards. Annualized Payout Ratio means Alaris' total annualized dividend per share expected to be paid over the next twelve months divided by the net cash from operating activities per share Alaris expects to generate over the same twelve month period (after giving effect to the impact of all information disclosed to date).
This news release contains forward-looking statements as defined under applicable securities laws.
Statements other than statements of historical fact contained in this news release may be forward-looking statements under applicable securities legislation, including, without limitation, management's expectations, intentions and beliefs concerning: the use of proceeds of the Offering; the indebtedness under the Facility; Alaris' cash on hand; Alaris' revenues for the next twelve months; the payout ratio; expectations regarding adding additional revenue streams and the timing thereof.
Many of these statements can be identified by looking for words such as 'believe', 'expects', 'will', 'intends', 'projects', 'anticipates', 'estimates', 'continues' or similar words or the negative thereof.
To the extent any forward-looking statements herein constitute a financial outlook, they were approved by management as of the date hereof and have been included to provide an understanding with respect to Alaris' financial performance and are subject to the same risks and assumptions disclosed herein. There can be no assurance that the plans, intentions or expectations upon which these forward looking statements are based will occur.
By their nature, forward-looking statements require Alaris to make assumptions and are subject to inherent risks and uncertainties. Assumptions about the performance of the Canadian and U.S. economies in 2014 and how that will affect Alaris' business and that of its
Key assumptions include, but are not limited to, assumptions that the Canadian and U.S. economies will grow moderately over the next 12 months, that interest rates will not rise in a material way over the next 12 to 24 months, that the
Management of Alaris has also assumed that capital markets will remain stable and that the Canadian dollar will remain in a range of approximately plus or minus 10% of par relative to the U.S. dollar. In determining expectations for economic growth, management of Alaris primarily considers historical economic data provided by the Canadian and U.S. governments and their agencies.
There can be no assurance that the assumptions, plans, intentions or expectations upon which these forward looking statements are based will occur. Forward looking statements are subject to risks, uncertainties and assumptions and should not be read as guarantees or assurances of future performance.
The actual results of the Corporation and the
Additional risks that may cause actual results to vary from those indicated are discussed under the heading 'Risk Factors' in the Corporation's Annual Information Form for the year ended
Accordingly, readers are cautioned not to place undue reliance on any forward-looking information contained in this news release as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.
Statements containing forward-looking information reflect management's current beliefs and assumptions based on information in its possession on the date of this news release. Although management believes that the assumptions reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that such expectations will prove to be correct.
The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date of this news release and Alaris does not undertake or assume any obligation to update or revise such statements to reflect new events or circumstances except as expressly required by applicable securities legislation.
Tel: (403) 221-7305
Most Popular Stories
- Prosecutor to Investigate Walmart Police Shooting
- GM to Announce New Jobs in Tennessee
- Michael Brown Funeral: Can Americans Change the Script of Violence?
- Emirates Hit Libyan Targets With Airstrikes
- Smith & Wesson Misses Target
- American Killed With ISIS Fighters in Syria
- Marco Rubio Warns Obama on Deportations
- Ford Hires 300 at Louisville Lincoln Plant
- Surf's Up! SoCal Prepares for Big Storm Surf
- Hamas Claims Gaza Ceasefire as Victory Over Israel