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Trisura Group sets implementation date for share consolidation/split

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Trisura Group sets implementation date for share consolidation/split

Trisura Group Ltd. will implement its 1-for-10 share consolidation followed immediately by a 10-to-1 share split prior to market open on Dec. 21.

Shareholders with less than 10 common shares will be eligible to receive cash per share based on the average trading price of the shares on the Toronto Stock Exchange during the 20 consecutive trading days ending on and including Dec. 20. Registered shareholders who hold less than 10 common shares and submitted their letter of transmittal along with a certificate evidencing their shares will be paid by cheque while the non-registered shareholders who hold shares through an intermediary will receive cash proceeds.

Trisura will deposit the aggregate cash proceeds with its transfer agent on or before Dec. 29.