4//SEC Filing
ELEPHANT & CASTLE GROUP INC 4
Accession 0001072613-07-000992
CIK 0000899849operating
Filed
Apr 24, 8:00 PM ET
Accepted
Apr 25, 2:25 PM ET
Size
10.2 KB
Accession
0001072613-07-000992
Insider Transaction Report
Form 4
Transactions
- Disposition from Tender
Warrant for Common Shares (right to buy)
2007-04-20$0.21/sh−1,750,000$362,600→ 0 totalExercise: $0.21From: 2004-12-17Exp: 2014-12-17→ Common Shares (1,750,000 underlying) - Disposition from Tender
Common Stock
2007-04-20$0.80/sh−3,258,860$2,601,222→ 0 total - Disposition from Tender
Preferred Shares Series A
2007-04-20$2.39/sh−3,653,972$8,749,801→ 0 total
Footnotes (3)
- [F1]The Issuer entered into an Arrangement Agreement with Repechage Investments Limited and Repechage Restaurant Group Ltd. (collectively, the "Purchaser"), dated January 22, 2007 (the "Arrangement Agreement"), pursuant to which the Purchaser purchased all of the outstanding common shares, preferred shares and warrants of the Issuer. In connection with the Arrangement Agreement, the Reporting Person entered into a Support and Indemnification Agreement with the Purchaser, dated January 22, 2007 (the "Support and Indemnification Agreement"). Pursuant to the Support and Indemnification Agreement, the Reporting Person agreed, among other things, to sell all of its common shares, preferred shares series A and warrant to the Purchaser.
- [F2]Pursuant to the Arrangement Agreement and the Support and Indemnification Agreement, on April 20, 2007, the Reporting Person tendered all of its common shares, preferred shares series A and warrant to the Purchaser.
- [F3]Pursuant to the Arrangement Agreement and the Support and Indemnification Agreement, the per share price paid for the warrant was equal to (i) the per share price of the common stock of $0.7982 minus (ii) $0.5910 (i.e., the per share exercise price under the warrant of CDN$0.667 divided by $1.1286 (the Bank of Canada noon exchange on April 19, 2007).
Documents
Issuer
ELEPHANT & CASTLE GROUP INC
CIK 0000899849
Entity typeoperating
Related Parties
1- filerCIK 0000899849
Filing Metadata
- Form type
- 4
- Filed
- Apr 24, 8:00 PM ET
- Accepted
- Apr 25, 2:25 PM ET
- Size
- 10.2 KB