Gaz Métro and Valener complete reorganization

On October 1, 2010, Gaz Métro Limited Partnership (Gaz Métro) and Valener Inc. (Valener) announced that the plan of arrangement providing for the reorganization of Gaz Métro’s public ownership structure into a new dividend-paying publicly listed corporation named “Valener Inc.” has been completed, effective September 30, 2010.

Pursuant to the Reorganization, all of the units held by public unitholders of Gaz Métro were exchanged, on a one-for-one basis, for common shares of Valener. Consequently, former public unitholders of Gaz Métro retain, indirectly through Valener, their proportionate economic interest of approximately 29% in Gaz Métro.
 
The units of Gaz Métro were delisted from the Toronto Stock Exchange. Trading of the common shares of Valener on the Toronto Stock Exchange has commenced on October 1, 2010, under the symbol “VNR”.

To access Valener Inc.’s Web site

Press release

Montreal, October 1, 2010 - Gaz Métro and Valener complete reorganization

The result of a diligent process to address the tax reform of the federal government, the creation of Valener Inc. optimizes payout and maintains stability while providing growth opportunities for public investors

• Video Presentation by Sophie Brochu, President and Chief Executive Officer on the Corporate Reorganization

  
  
  
  

• Information Circular

             PDF Document

• Election form

             PDF Document

• Notice of special meeting of unitholders to be held on September 14, 2010

       PDF Document

• Proxy

             PDF Document

• Press release

       Montreal June 22 2010, Gaz Métro announces Corporate Reorganization
  
  

• Gaz Métro's Response to Tax Fairness Plan (SIFT Rules) : Creation of Valener Inc.

        Investor Presentation (PDF)
  
  

• Proposed corporate reorganization (slide show)
  
  

  
  
  

• Proposed Corporate Reorganization Fact Sheet

       PDF Document
  
  

• Frequently asked questions

  Answers to the most frequent questions regarding the proposed corporate reorganization (PDF).
  You can also consult the Investor's FAQ section.
  
  

Gaz Métro Overview

With over $3.6 billion in assets, Gaz Métro is Quebec's leading natural gas distributor. Operating in this regulated industry for over 50 years, Gaz Métro has become the trusted energy provider to some 182,000 customers in Quebec and 138,000 customers in Vermont while developing the skills and expertise needed to diversify beyond natural gas. Gaz Métro's prudent growth strategy has been marked by the successful entry into electricity distribution in Vermont and development of wind power projects in Quebec. Offering historically strong and stable distributions and showing a competitive spirit, Gaz Métro is committed to its customers, Partners, employees and the community.