PERFORMANCE SPORTS GROUP LTD. (OTCMKTS:PSGLQ) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
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Amendments to Articles of Incorporation or Bylaws.
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Ltd. (the Company) completed a short form vertical amalgamation
with its direct and indirect wholly-owned subsidiaries Bauer
Hockey Corp., KBAU Holdings Canada, Inc. and BPS Canada
Intermediate Corp. to the Business Corporations Act (British
Columbia) (the Amalgamation). As a result of the Amalgamation,
the Notice of Articles of the Company has been updated but
remains substantively the same as the Companys Notice of
Articles before the Amalgamation.
The foregoing does not purport to be complete and is
qualified in its entirety by reference to the full text of the
Second Amended and Restated Articles, a copy of which is attached
hereto as Exhibit 3.1 and is incorporated herein by reference.
The Certificate of Amalgamation is attached hereto as Exhibit
3.2.
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Item 8.01
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Other Events.
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announcing that after consideration and consultation with its
professional advisors and Sagard Holdings Inc. and Fairfax
Financial Holdings Limited, the Company has agreed to extend the
closing date to February 27, 2017 for the sale of substantially
all of the assets of the Company and its North American
subsidiaries and announcing the completion of the Amalgamation.
The press release also provided a bi-weekly status update in
accordance with the Companys obligations under the alternative
information guidelines set out in National Policy 12-203 – Cease
Trade Orders for Continuous Disclosure Defaults.
this Current Report on Form 8-K and is incorporated herein by
reference.
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Item9.01
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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3.1
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Second Amended and Restated Articles, effective as of
February 20, 2017. |
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3.2
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Certificate of Amalgamation dated February 20, 2017.
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99.1
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Press Release, dated February 22, 2017.
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About PERFORMANCE SPORTS GROUP LTD. (OTCMKTS:PSGLQ)
Performance Sports Group Ltd. is engaged in the design, manufacture and distribution of performance sports equipment for ice hockey, roller hockey, baseball and softball, lacrosse, as well as related apparel and accessories, including soccer apparel. The Company’s segments include Hockey, Baseball/Softball and Other Sports. The Hockey segment includes the Bauer and Mission brands. The Baseball/Softball segment includes the Easton and Combat brands. Its Other Sports includes the Lacrosse and Soccer operating segments, which includes the Maverik and Cascade brands for Lacrosse, and the Inaria brand for Soccer. The ice hockey products include skates, helmets, protective gear, sticks, team apparel and accessories. The roller hockey products include skates, helmets, protective gear, sticks and accessories. The baseball and softball products include bats, gloves, helmets, protective gear, apparel and accessories. The lacrosse products include sticks, helmets, protective gear and apparel. PERFORMANCE SPORTS GROUP LTD. (OTCMKTS:PSGLQ) Recent Trading Information
PERFORMANCE SPORTS GROUP LTD. (OTCMKTS:PSGLQ) closed its last trading session up +0.010 at 0.890 with 47,476 shares trading hands.
