Core Viewpoint - Western Forest Products Inc. has announced a share consolidation plan, converting every 30 pre-consolidation common shares into one post-consolidation common share, following shareholder approval at the Annual General and Special Meeting on May 7, 2025 [1][2]. Company Overview - Western Forest Products Inc. is an integrated forest products company focused on building a margin-oriented log and lumber business to compete in global softwood markets [4]. - The company operates primarily on the coast of British Columbia and Washington State, supplying high-value specialty forest products to worldwide markets [4]. - Western has a lumber capacity of 780 million board feet from six sawmills, along with four remanufacturing facilities and two glulam manufacturing facilities [4]. - Timber is sourced from long-term licenses, First Nations arrangements, and market purchases, supplemented by a wholesale program offering a comprehensive range of specialty products [4]. Share Consolidation Details - The company currently has 316,745,557 common shares issued and outstanding, which will be consolidated based on the announced ratio [2]. - Any fractional shares resulting from the consolidation will be rounded to the nearest whole number, as detailed in the Management Information Circular [2]. - The share consolidation is subject to final approval from the Toronto Stock Exchange and other regulatory requirements, with further details to be communicated later [3].
Western Forest Products Inc. Announces Implementation of Share Consolidation
Globenewswireยท2025-07-01 13:15