This allows the company to show new designs and colors to customers to determine reaction before committing to mass production runs. Under the Business Corporations Act Ontario , the Consolidation requires the approval of two-thirds of the votes cast by shareholders at the Meeting. Concurrent with the completion of the Consolidation, Norwall will apply to have its common shares de-listed from the TSX Venture Exchange. Mitchell , Newco, Albeem B. Along with its other initiatives, Norwall plans to continue focusing on packaging. This is in stark opposition to the flat-color approach typical of most other wallpaper offerings.
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Traditionally, Norwall has launched about 14 new collections each year.
Each cylinder imprints a portion of the design and a particular color on the paper. Forward-looking Statements Certain statements included in this release contain words such as “could”, “expects”, “expectations”, “may”, “anticipates”, “believes”, “intends”, “estimates” and “plans” and similar expressions and constitute “forward-looking statements” within the meaning of applicable securities law.
Easter blasts at Sri Lanka hotels and churches kill at least NGI “Norwall” or the “Corporation” announced today that it intends to seek shareholder approval for a proposal to take the Corporation private. Now it feels well positioned to take advantage of future opportunities.
Critical to this is moving the product away from what people traditionally think of as wallpaper. Comic poised to take over presidency in Ukraine vote. The board of directors of Norwall, with Mr.
As part of the manufacturing process, the company purchases raw paper in inch-wide rolls. Patton and Mitchell collectively own 3, common shares, representing The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. InNorwall expanded into the mass merchant market and experienced a percent increase in sales.
Log in with Facebook Log in with Twitter. These statements, although considered reasonable by Norwall at the date of this press release, may prove to be inaccurate and consequently Norwall’s actual results could differ materially from its expectations as set out or implied in this release.
The residential wallcovering market has experienced a significant decline over the past couple of years. Norwall plans to effect the going-private transaction by way of a share consolidation the “Consolidation” on the basis of one post-Consolidation common share for every 3, common shares held immediately prior to the Consolidation. In order to sell to this expanded market, Norwall began creating wallcovering designs marketed both as collections and as in-stock wallpaper programs.
Norwall designs quality residential wallpapers and borders and distributes them to specialty stores in Canada and through its wholly-owned operating subsidiary, Patton Wallcoverings, in the United States and in 52 countries worldwide.
In addition, Norwall rentssquare feet in Columbus, Ohio, from which goods are shipped to mass merchandisers and distributors in the United States. The reasons for the board’s recommendation of the proposed transaction include: New Strategies Because of its proactive approach, Norwall enjoys good health despite existing in what many would feel is a depressed broup.
The Consolidation is exempt from the formal valuation requirement of MI because Norwall is not listed on a “specified market” within the meaning of section 4. This allows the company to show new designs and colors to customers to determine reaction yroup committing to mass production runs. Graham indicates that faux-textured wallcoverings can achieve the same effect but with a lot less work.
The reasons for the board’s recommendation of the proposed transaction include:. This causes the ink to rise while the paper remains stable and creates a deep high-contrast texture.
However, into increase its presence in high-style and contemporary segments, it expanded its product offering to 20 collections, a 40 percent increase over Still, the company has developed additional strategies to ensure this advantage.
See Norwall’s press release dated June 1, for further details concerning the Ashton Litigation.
Inthe top selling products include faux textures. However, Norwall Group, Inc. Besides mass merchants, customers include home centers and specialty stores. About Norwall Norwall designs quality residential wallpapers and borders and distributes them to specialty stores in Canada and through its wholly-owned operating subsidiary, Patton Wallcoverings, in the United States and in 52 countries worldwide.
Essentially, Norwall wants to change the way people look at wallcoverings. The flavor is suggested by the names of some of the current collections: