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Leading Independent Proxy Advisory Firm ISS Recommends IMAX China Shareholders Vote "FOR" the Privatization Transaction with IMAX Corporation

September 27, 2023
Source: jimmyspost.com jimmyspost.com
News Snapshot:
Highlights the Long-Term Benefits of the Deal, Including the Ability to Fuel New Growth in China While Reducing Operation Costs NEW YORK, Sept. 26, 2023 /PRNewswire/ — IMAX Corporation (NYSE: IMAX) today announced that leading independent proxy advisory firm Institutional Shareholder Services, Inc. (“ISS”) has recommended that shareholders of IMAX China (HKSE:1970), a Hong Kong-listed subsidiary established by IMAX Corporation to oversee its business in Greater China, vote “FOR” the Company’s previously announced privatization transaction with IMAX. In making its recommendation, ISS stated in its September 26, 2023 report that1: “A vote FOR these resolutions is warranted given that the...
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