Chc Group Ltd fka HELI

[tob999]

BOD want HELI trading between $10.50 and $14.50.

On December 7, 2015, CHC held an extraordinary general meeting of its shareholders (the “Extraordinary Meeting”) where shareholders voted on a proposal to authorize the board of directors of CHC (the “Board”) to effect a reverse share split by way of consolidation of all of CHC’s ordinary shares, if and when the Board resolves to do so prior to October 1, 2016, at a ratio to be determined by the Board to be sufficient to cause the trading price of CHC’s ordinary shares to be between $10.50 and $14.50 based on the then trading value (the “Reverse Share Split Proposal”).

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