June 16, 2017
Lumenpulse Inc., the parent company of the Lumenpulse Group is pleased to announce that its shareholders have approved the previously-announced statutory plan of arrangement under the provisions of the Canada Business Corporations Act involving the Company and 10191051 Canada Inc., pursuant to which a group led by Mr. François-Xavier Souvay, the Founder, President and CEO of Lumenpulse, several other existing shareholders of the Company and Power Energy Corporation, a wholly-owned subsidiary of Power Corporation of Canada, will indirectly acquire all of the issued and outstanding common shares of Lumenpulse for $21.25 per share in cash.
The plan of arrangement was approved by 99.9% of the votes cast by shareholders and by 99.9% of the votes cast by shareholders other than interested shareholders at the special meeting of shareholders of Lumenpulse held earlier today.
The plan of arrangement remains subject to the approval of the Superior Court of Québec. The hearing in respect of the final order approving the plan of arrangement is scheduled to take place on June 20, 2017. Subject to obtaining the requisite Court approval, the transactions contemplated by the plan of arrangement are expected to close on or about June 21, 2017.
For more information, visit www.lumenpulsegroup.com.
This year Salex has welcomed a wide range of new and expanded partnerships in lighting and controls to service the GTA and Southwestern Ontario region. Most recently, Salex has announced the addition of OSRAM Digital Lumens to their list of brand offerings. This new partnership includes representation from Windsor to Belleville and Smooth Rock Falls.
The IES knows you want to take your knowledge with you. In this special webinar, IES staff will guide you through The Lighting Library® – a giant step forward in how we create and deliver standards. This new online subscription-based platform allows access to our full set of standards from anywhere with an internet connection, updates automatically, and allows for more regular revisions of the standards to keep up with the times. 
