#Ancora restaurant plus#

After the Distribution, IDLE expects to retain approximately CDN$1 million in cash to explore ‎new business opportunities for the economic benefit of its Shareholders, subject to the terms of the Asset Purchase Agreement.

#Ancora restaurant plus#

As consideration for the Purchased Assets, ALCS paid US$55,275,000 to the Company, as further described on the Company's news release of June 24, 2022.Īs a result of completion of the Transaction, the Company no longer has any material property or ‎assets ‎other than cash-on-hand plus the cash proceeds of the Transaction, which amount to ‎approximately CDN$69.2 million after satisfying the Company's obligations and ‎liabilities. (NYSE:MO) for a total purchase price of US$100.5 million, subject to certain ‎adjustments and holdbacks on June 24, 2022, pursuant to a definitive agreement dated (the 'Transaction'). The Distribution follows the completion by the Company, together with Ryan Selby and Ryan Karkairan, of the sale of substantially all of the assets and properties ‎used in the Company's former business (the 'Purchased Assets') to Altria Client Services LLC ('ALCS'), a subsidiary of Altria Group, Inc. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.‎ These dividends are designated by the Company as eligible dividends as defined by the Income Tax Act (Canada) and similar ‎provincial or territorial legislation. The Shareholders will receive CAD$0.41 per each SVS held, being $0.215 in connection with the return of capital, and $0.195 in connection with the dividend payment and CAD$410 per each MVS held, being $56.00 in connection with the return of ‎capital, and $354.00 in connection with the dividend payment‎. The Distribution will be of an aggregate amount of approximately CDN$68.2 million, and comprised of a return of capital of approximately CDN$28 million and dividends of approximately CDN$40.2 million. The Company notes that August 1, 2022, is an optional holiday in Ontario, Canada, and the CSE market will be closed for trading. If you like good wine, allow Maître D' to assist you when choosing the ideal accompaniment for your meal from over 200 Italian and international labels available in our cellars.* Ex-Dividend Date is the date on which the shares start trading without the subsequent Distribution value, therefore only shares acquired on or before August 1, 2022, will entitle the Shareholder to participate in the Distribution. In the evening, relax at the table savouring dishes prepared using carefully selected local produce. And in the winter months, after spending the day outdoors or in our spa, enjoy an afternoon snack in the company of a hot drink and homemade cakes.

Start the day with a smile at the generous breakfast buffet featuring sweet and savoury delicacies. Your journey will also take in the flavours of the traditional products of the Fiemme Valley, and all enhanced by an excellent choice of fine wines. Your gourmet holiday at Ancora Hotel will take you on a journey of gastronomic delights, prepared with passion and dedication by the Chef and the kitchen team. We enhance the genuineness and freshness of the ingredients by treating them with care Sample the specialities of the Fiemme Valley in the heart of the dolomites at our restaurant