Imvescor Restaurant Group Inc. (the “Company”), formerly PDM Royalties Income Fund is a Canadian public company headquartered in
Moncton,
New Brunswick. The Company operates franchised and corporate restaurants under the brand names of Pizza Delight®, Mikes®, Scores® and Baton Rouge®.
PDM Royalties Income Fund
On June 8, 2004, the PDM Royalties Income Fund purchased, through its then 90% investment in the PDM Royalties Limited Partnership, the trademarks, trade names, operating procedures and systems and other intellectual property and proprietary right sand all goodwill associated therewith owned by Imvescor Inc., formally Pizza Delight Corporation Ltd., and Imvescor Restaurants Inc., formally Mikes Restaurants Inc., a wholly owned subsidiary of Imvescor, used in connection with the operation of all restaurants operated by Imvescor, their subsidiaries and their franchisees.
Reorganization of PDM Royalties Income Fund (the “Plan of Arrangement”):
On October 10, 2009, by way of a Plan of Arrangement (the “Arrangement”) Imvescor Restaurant Group Inc. became the successor to PDM Royalties Income Fund and acquired Imvescor Inc. On September 4, 2009, unitholders of the Fund voted and approved, the reorganization of the Fund, by way of the “Arrangement” under the Canada Business Corporations Act (the “CBCA”) into a public corporation to be named Imvescor Restaurant Group Inc. The Arrangement involved the Company, the Fund and other parties and became effective October 10, 2009. The purpose of the Arrangement was to convert the Fund’s income trust structure into a corporate structure and to acquire Imvescor Inc.
The Arrangement resulted in unitholders receiving Imvescor Restaurant Group Inc. common shares in exchange for Fund units on a one-for-one basis and has been accounted for as a continuity of interest of PDM Royalties Income Fund since Imvescor Restaurant Group Inc. continued to operate the business of the Fund. As a result of this reorganization, the Fund was dissolved with its assets and liabilities assumed by the Company.
Imvescor Restaurant Group Inc.trades on the Toronto Stock Exchange under the stock symbol IRG.
The Company elected for a fiscal year that ends on the last Sunday in October. Consequently for 2009, its reporting period is for 10 months ending October 25, 2009. As a result, the fiscal year is usually 52 weeks but results in a duration of 53 weeks every five to six years.
CORPORATE COUNSEL
McInnes Cooper
REGISTERED AND RECORDS OFFICE
Purdy's Wharf Twr.
II
1969 Upper Water Street, Suite 2008
Halifax, Nova Scotia B3J 3R7
TRANSFER AGENT
Computershare Trust Company of
Canada
STOCK EXCHANGE LISTING
Toronto Stock Exchange
IRG and
IRG.DB
