DHX Media receives exemption on dual class shares

HALIFAX – DHX Media has received an exemption to treat its common voting shares and variable voting shares as a single class for the purposes of applicable take-over bid and related early warning reporting requirements under Canadian securities laws.DHX said that it applied for the exemption with a view to reducing apprehension of inadvertently triggering takeover bid rules and early warning requirements and to facilitate investment in its shares, particularly variable voting shares by non-Canadians (as defined under the Broadcasting Act (Canada)).The decision takes into account the fact that the common voting shares and variable voting shares have identical terms...