CALGARY,
AB, Nov. 18, 2022 /CNW/ - ATCO Ltd. (TSX:
ACO.X) (TSX: ACO.Y)
ATCO Ltd. ("ATCO") advises today that the percentage of
outstanding Class B common shares of Canadian Utilities Limited
held by ATCO has increased by 4.52% since May 18, 2022, to 96.73%. The percentage increase
was caused by third parties converting Class B common shares of
Canadian Utilities Limited into Class A non-voting shares and was
not the result of any action taken by ATCO or Canadian Utilities
Limited. The Class B common shares are convertible into Class A
non-voting shares on a one-for-one basis at the option of the
holders.
Additional information regarding this change in ownership
percentage by ATCO is contained in the early warning report filed
on SEDAR under Canadian Utilities Limited's profile.
With approximately 6,400 employees and assets of $23 billion, ATCO is a diversified global
corporation with investments in the essential services of
Structures & Logistics (workforce and residential housing,
innovative modular facilities, construction, site support services,
workforce lodging services, facility operations and maintenance,
defence operations services, and disaster and emergency management
services); Utilities (electricity and natural gas transmission and
distribution, and international electricity operations); Energy
Infrastructure (electricity generation, energy storage and
industrial water solutions); Retail Energy (electricity and natural
gas retail sales); Transportation (ports and transportation
logistics); and Commercial Real Estate. More information can be
found at www.ATCO.com.
For Investor & Analyst Inquiries or a copy of the related
early warning report:
Colin Jackson
Senior Vice President
Finance, Treasury, Risk & Sustainability
Colin.Jackson@atco.com
403 808 2636
Media Inquiries:
Kurt Kadatz
Director, Corporate Communications
Kurt.Kadatz@atco.com
587 228 4571
SOURCE ATCO Ltd.