TORONTO, Jan. 23, 2023 /CNW/ – Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ) announces that following a delisting review by the Toronto Stock Exchange (“TSX“), the Company’s class B subordinated voting shares (the “SVS Shares“) will be delisted effective close of market on February 21, 2023.

Trading of the SVS Shares has been suspended since January 12, 2023 as a result of the Company filing for protection under the Companies’ Creditors Arrangement Act (“CCAA“) and this suspension will continue until the delisting takes effect.

Shareholders retain their legal rights and equity interest and are advised to contact their brokerage where SVS Shares are held regarding retention policies for unlisted shareholdings and potential for SVS Shares to trade in over-the-counter markets.

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More than 80 unionized workers with a high-end officer furniture and equipment manufacturer in Holland Landing arrived to work Friday morning to find out they were on permanent layoff.

Inscape, which has been around in various forms for more than 100 years, filed for creditor protection under the company’s Creditors Arrangement Act.

In a statement to CTV News, East Gwillimbury Mayor Virginia Hackson noted, “Inscape has been a key employer in our community and has had a strong relationship with the town. Our team has reached out to their owners to provide support where possible with this transition.”

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HOLLAND LANDING, Ontario, Jan. 03, 2023 (GLOBE NEWSWIRE) — Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), announces that, following the successful take-over bid by HUK 121 Limited, Neil McDonnell, Tracy Tidy, Tania Bortolotto, and David LaSalle resigned from the board of directors of the Company effective 5:00 p.m. (Toronto time) on December 23, 2022.

Inscape would like to express its sincere gratitude to the outgoing directors for their contribution to the board of directors and the Company.

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