Home Capital shareholders ratify Shareholder Rights Plan

Wed May 13, 4:16 PM

TORONTO, May 13 /CNW/ - Home Capital Group Inc. (TSX: HCG.TO) is pleased to announce the ratification of the Shareholder Rights Plan by Home Capital's shareholders at the Company's Annual and Special Meeting held earlier today. The Plan was approved by 97.4% of the voting shareholders.

The purpose of the Shareholder Rights Plan is to provide the Board of Directors of Home Capital with sufficient time to explore and develop alternatives for maximizing shareholder value if a take-over bid is made for the Company and to ensure that every shareholder has an equal opportunity to participate in such a bid. The Shareholder Rights Plan is not intended to deter take-over proposals.

Home Capital is not aware of any pending or threatened take-over bid for the Company.

The Shareholder Rights Plan is available for viewing through the Internet at the Canada System for Document Analysis and Retrieval (SEDAR) at www.sedar.com and on the Company's website at www.homecapital.com.

Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering deposit, mortgage lending, retail credit and payment card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and Quebec.

Contacts

Gerald M. Soloway
CEO

or Nick Kyprianou
President
(416) 360-4663
www.homecapital.com