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

 

• 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 $5 billion in assets, Gaz Métro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its 10,000 km underground network of pipelines serves 300 municipalities and more than 185,000 customers. Gaz Métro is also present in Vermont, producing electricity and distributing electricity and natural gas to cater to the needs to some 300,000 customers. Gaz Métro is actively involved in the development of innovative, sustainability-oriented energy projects such as the production of wind power, the use of natural gas as a transportation fuel and the development of biomethane as a renewable energy source. Gaz Métro is committed to ensuring the satisfaction of its customers, providing support to businesses, local organizations, families and communities, and meeting the needs of its partners (Gaz Métro inc. and Valener) and employees.