Welcome to our dedicated page for Zoomermedia news (Ticker: ZUMRF), a resource for investors and traders seeking the latest updates and insights on Zoomermedia stock.
ZoomerMedia Ltd (ZUMRF) delivers trusted multimedia content through television, radio, print, and digital platforms. This news hub provides investors and industry observers with essential updates about Canada’s leading mature-audience media company.
Find consolidated access to official announcements including financial results, content partnerships, and strategic initiatives. Our repository features press releases covering programming updates across ZUMRF’s TV networks, radio station developments, digital platform expansions, and print media innovations.
Key updates include earnings disclosures, leadership changes, regulatory filings, and cross-platform advertising partnerships. Bookmark this page for timely notifications about new original programming launches, digital audience growth metrics, and corporate governance updates.
All content undergoes strict verification to ensure accuracy and compliance with financial reporting standards. Visit regularly to stay informed about ZUMRF’s evolving role in Canada’s media ecosystem through its flagship brands like VisionTV and MZ Media.
ZoomerMedia has announced the closing of its plan of arrangement, effective December 13, 2024. Under the arrangement, 16431771 Canada Inc., owned by Northbridge Financial and Omri Tintpulver, acquired all outstanding minority shares at $0.08 per share in cash. The arrangement received shareholder approval on December 6, 2024, and court approval on December 11, 2024.
Following the completion, ZoomerMedia will be delisted from the TSX Venture Exchange and will apply to cease being a reporting issuer. Registered minority shareholders must submit their share certificates with a completed Letter of Transmittal to receive payment, while beneficial shareholders' intermediaries will handle the documentation process.
ZoomerMedia (TSXV: ZUM) announced that shareholders have approved the proposed going private transaction through a plan of arrangement. The special resolution was approved by 99.52% of votes cast at the special meeting. The arrangement involves 16431771 Canada Inc., Moses Znaimer, Olympus Management , and OZ Media Holdings Inc.
The approval required a two-thirds majority vote and a simple majority from minority shareholders, excluding shares held by Moses Znaimer, Olympus Management , Omri Tintpulver, and Northbridge Financial The arrangement is expected to be effective after December 11, 2024, subject to final court approval and other conditions. Following completion, ZoomerMedia shares will be delisted from the TSX Venture Exchange.
ZoomerMedia (TSXV: ZUM) has rescheduled its special shareholders meeting from November 29, 2024, to December 6, 2024, at 9:00 a.m. (Toronto time). The meeting, which will consider a proposed arrangement to take the Company private, will be held in a hybrid format, both in-person at 70 Jefferson Avenue, Toronto, and virtually via live audio webcast. The Company has mailed an addendum to the management information circular updating the meeting date and related references. Virtual attendees will have full participation rights, including the ability to ask questions and vote in real-time.
ZoomerMedia (TSXV: ZUM) announced the mailing of meeting materials and receipt of an interim order for its going-private transaction. The company will hold a special meeting on November 29, 2024, where shareholders will vote on a proposed arrangement involving the acquisition of outstanding shares by 16431771 Canada Inc. for $0.08 per share. The transaction requires approval from two-thirds of shareholders and a majority of minority shareholders, excluding Continuing Shareholders. The board of directors unanimously recommends shareholders vote in favor of the arrangement. The completion remains subject to shareholder approval, final court order, and regulatory approvals.
ZoomerMedia has announced a definitive agreement for a going-private transaction. The company's Shareholder Group, led by Moses Znaimer, will acquire all outstanding minority shares for $0.08 per share, representing a 167% premium to the closing price on October 10, 2024. The transaction, valued at approximately $6.7 million, is supported by Fairfax Financial Holdings and Omri Tintpulver.
The deal requires approval from two-thirds of shareholders and a majority of minority shareholders. If approved, the transaction is expected to close in December 2024. The company's board, following the recommendation of an independent Special Committee, unanimously supports the transaction as being in the best interests of ZoomerMedia and fair to minority shareholders.
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