What happens to shareholder materials if there is a postal strike?

by Natalie MacLellan on June 2, 2011

in In the News

Staff of the NSSC are aware that the union representing postal workers has given
notice of its intent to strike starting this Thursday (June 2) evening, unless a settlement
is reached.
Our securities rules contain various requirements on delivery of documents to the
shareholders of public companies and community economic-development corporations.
A full postal service work stoppage would affect companies that use regular mail to
send documents in compliance with these requirements.
The NSSC and other Canadian Securities Administrators are monitoring the situation. If
a full postal service work stoppage occurs, we will publicly communicate further
information. In the meantime, we encourage companies to consult with their service
providers and legal advisers as to alternate delivery options for proxy-related materials,
if necessary.

The union representing postal workers has given notice of its intent to strike starting this evening (June 2), unless a settlement is reached.

Nova Scotia securities rules require  public companies and community economic-development corporations to deliver disclosure and voting or proxy materials to shareholders.

A postal strike could affect companies that use regular mail to meet these requirements.

The Nova Scotia Securities Commission and other Canadian Securities Administrators are monitoring the situation. If a full postal service work stoppage occurs, we will respond with more information.

In the meantime, we encourage companies to consult with their service providers and legal advisers as to alternate delivery options.

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