INSCAPE Announces Delisting of Subordinated Voting Shares from the Toronto Stock Exchange

23 January, 2023

TORONTOJan. 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.




Inscape files for creditor protection

16 January, 2023

TORONTO – Inscape Corp., recently acquired by a subsidiary of Hillco Capital Ltd., announced on Jan. 12 that the Company and its subsidiaries, Inscape Inc. and Inscape (New York) Inc. have initiated creditor protection proceedings in the Ontario Superior Court of Justice under Canada’s Companies’ Creditors Arrangement Act (CCAA).

According to, more than 80 union workers with Inscape’s Holland Landing, Ontario, facilities arrived to work Friday morning, Jan. 13, to find out that they were permanently laid off. Of those, nearly a third had worked for the company for more than 40 years.

The Court granted Inscape Group’s application under the CCAA, which, among various other things: grants a stay of proceedings in favor of Inscape Group up to and including January 20, 2023; and appoints Alvarez and Marsal Canada Inc. (A&M) as a court-appointed monitor of Inscape Group.






Holland Landing manufacturer lays off more than 80 employees

13 January, 2023

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.”




Inscape and HUK 121 Announce Expiry of Offer

4 January, 2023

HOLLAND LANDING, Ontario, Jan. 04, 2023 (GLOBE NEWSWIRE) — Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), and HUK 121 Limited (the “Offeror”), jointly announce that no additional shares were deposited during the mandatory 10-day extension period under the offer dated November 17, 2022 (the “Offer”) made to shareholders of Inscape.

The Offer, which initially expired on December 23, 2022 and was subsequently extended until 5:00 p.m. (Toronto time) on January 3, 2023, has now expired and will not be further extended by the Offeror.



Inscape Announces Director Resignations

3 January, 2023

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.



Financially strapped Inscape furniture sells majority of shares for just $88,000

28 December, 2022

HOLLAND LANDING, Ontario – Canadian office furniture manufacturer Inscape has succeeded in its bid to be taken over by HUK 121, a subsidiary of British private investment firm Hilco Capital. Inscape is now a subsidiary of HUK.

On Dec. 23, 12.6 million common shares – roughly 88% of the company’s outstanding common shares – were deposited to HUK. The aggregate consideration payable for those shares was just $88,631. Remaining shareholders have until Jan. 3 to tender their stock for 7 cents per share.








Inscape Announces Fourth Quarter and Full Year 2021 Financial Results

Thursday, 15 July, 2021

HOLLAND LANDING, Ontario, July 15, 2021 (Inscape) — Inscape (TSX: INQ), a leading designer and manufacturer of furnishings and movable wall systems for the workplace, today announced its results of operations for the fourth quarter and full year ended April 30, 2021.