TORONTO, ONTARIO--(Marketwire - March 23, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Morneau Shepell Inc. ("Morneau Shepell") (TSX:MSI) announced today that, pursuant to the underwriting agreement dated March 13, 2012 between Morneau Shepell and a syndicate of underwriters led by National Bank Financial Inc. and TD Securities Inc. (the "Underwriters"), the Underwriters have exercised in full their option to purchase $5,000,000 aggregate principal amount of convertible unsecured subordinated debentures. The closing of the over-allotment option is intended to be completed on March 27, 2012, at the same time as the closing of the original offering. The total amount of the offering is now $75,000,000.
These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any other state securities laws and may not be offered or sold in the United States.
About Morneau Shepell Inc.
Morneau Shepell Inc. is the largest Canadian based human resources consulting and outsourcing firm focused on pension, benefit, employee assistance programs and other workplace health and productivity solutions. It offers solutions to assist employers in supporting the financial security, health and productivity of their employees. With approximately 2,600 employees in offices across North America, Morneau Shepell Inc. provides services to organizations across Canada, in the United States and around the globe.
Contact Information:
Investor Relations
(416) 445-2700