ARC Resources Ltd./ARC Energy Trust Announce the June 2008 increase to the ARX Exchangeable Shares Exchange Ratio
Wed Jul 2, 8:25 PMCALGARY, July 2 /CNW/ - (AET.UN and ARX - TSX) ARC Resources Ltd. along with ARC Energy Trust announces the increase to the exchange ratio of the exchangeable shares of the corporation from 2.36758 to 2.38563. Such increase will be effective on July 15, 2008.
The following are the details on the calculation of the exchange ratio:
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10 day
weighted
average Effective
Record trading date of
date of ARC Energy price of the Exchange
ARC Energy Trust AET.UN increase ratio
Trust Opening distrib- (prior to Increase in as of
distrib- exchange ution the end in exchange exchange effective
ution ratio per unit the month) ratio(xx) ratio date
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June 30, July 15,
2008 2.36758 $0.24 $31.4796 0.01805 2008 2.38563
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(xx) The increase in the exchange ratio is calculated by dividing the ARC
Energy Trust distribution per unit by the 10 day weighted average
trading price of AET.UN and multiplying by the opening exchange
ratio.
A holder of ARC Resources Ltd. exchangeable shares can exchange all or a portion of their holdings at any time by giving notice to their investment advisor or Computershare Investor Services at its principal transfer office in Suite 600, 530 - 8th Avenue SW, Calgary, Alberta, T2P 3S8, their telephone number is 1-800-564-6253 and their website is www.computershare.com.
ARC RESOURCES LTD.
John P. Dielwart,
President and Chief Executive Officer
Contactsabout ARC Energy Trustplease visit our website www.arcenergytrust.com or contact: Investor Relations
E-mail: ir@arcresources.com
Telephone: (403) 503-8600
Fax: (403) 509-6417
Toll Free 1-888-272-4900
ARC Resources Ltd.
2100
440 - 2nd Avenue S.W.
Calgary
AB
T2P 5E9
2.28 (0.02%)