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NEWS
PRIMO WATER ANNOUNCES SHAREOWNER APPROVAL OF MERGER WITH BLUETRITON BRANDS
Closing expected to occur on or about Friday, November 8, 2024
Combined company name announced as "Primo Brands Corporation"
Trading on the NYSE as "PRMB" expected on November 11
TAMPA, Fla. and STAMFORD, Conn., Nov. 4, 2024 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that at the special meeting of shareowners (the "Special Meeting") held earlier today, the Company's shareowners voted to approve the resolutions related to the previously announced business combination transaction (the "Transaction") with an affiliate of BlueTriton Brands, Inc. ("BlueTriton Brands").
At the Special Meeting, approximately 99.9% of the shares voted were voted in favor of the Transaction resolution, which represented approximately 89.2% of the total outstanding shares of Primo Water as of October 1, 2024, the record date for voting at the Special Meeting. The Company's full report of voting results will be filed under Primo Water's SEDAR+ profile at www.sedarplus.ca and on EDGAR on Form 8-K at www.sec.gov.
The Transaction is expected to close on or about November 8, 2024, subject to final court approval of the plan of arrangement for the Transaction and satisfaction of certain other customary closing conditions set forth in the Arrangement Agreement and Plan of Merger, dated June 16, 2024, as amended.
In connection with the anticipated closing, the Company announced that it will change its name to Primo Brands Corporation ("Primo Brands") and will use the ticker symbol "PRMB" following the closing. At closing, Primo Water common shares will be exchanged for Class A common stock of Primo Brands at an exchange ratio of one common share to one share of Class A common stock of Primo Brands. The Class A common stock of Primo Brands is expected to begin trading on the New York Stock Exchange ("NYSE") on Monday, November 11, 2024.
Combined company name announced as "Primo Brands Corporation"
Trading on the NYSE as "PRMB" expected on November 11
TAMPA, Fla. and STAMFORD, Conn., Nov. 4, 2024 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that at the special meeting of shareowners (the "Special Meeting") held earlier today, the Company's shareowners voted to approve the resolutions related to the previously announced business combination transaction (the "Transaction") with an affiliate of BlueTriton Brands, Inc. ("BlueTriton Brands").
At the Special Meeting, approximately 99.9% of the shares voted were voted in favor of the Transaction resolution, which represented approximately 89.2% of the total outstanding shares of Primo Water as of October 1, 2024, the record date for voting at the Special Meeting. The Company's full report of voting results will be filed under Primo Water's SEDAR+ profile at www.sedarplus.ca and on EDGAR on Form 8-K at www.sec.gov.
The Transaction is expected to close on or about November 8, 2024, subject to final court approval of the plan of arrangement for the Transaction and satisfaction of certain other customary closing conditions set forth in the Arrangement Agreement and Plan of Merger, dated June 16, 2024, as amended.
In connection with the anticipated closing, the Company announced that it will change its name to Primo Brands Corporation ("Primo Brands") and will use the ticker symbol "PRMB" following the closing. At closing, Primo Water common shares will be exchanged for Class A common stock of Primo Brands at an exchange ratio of one common share to one share of Class A common stock of Primo Brands. The Class A common stock of Primo Brands is expected to begin trading on the New York Stock Exchange ("NYSE") on Monday, November 11, 2024.
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