Garda World Security Corporation: Conversion of Debenture
FEBRUARY 9, 2010
NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: GARDA WORLD SECURITY CORPORATION TSX SYMBOL: GW JANUARY 28, 2004 - 15:39 ET Garda World Security Corporation: Conversion of Debenture MONTREAL, QUEBEC--Garda World Security Corporation (TSE: GW) would like to announce that Societe d'Investissements en Participation Inc. ("Sipar"), holder of a convertible debenture (series B) into Class "A" shares of Garda granted on July 11, 2002, has decided to convert, according to the terms of the debenture, the entirety of the outstanding principal sum of $250,000 into 333,334 Class "A" shares of Garda. "SIPAR is pleased to support the growth of Garda", said Serge Leclerc president of SIPAR. SIPAR is a significant shareholder of Garda since 1999. The total outstanding class "A" shares of Garda following the conversion is 23,949,166. Garda World is a well-established leading provider of security services in Canada. The company employs over 5,000 people and is headquartered in Montreal with offices in Toronto, Ottawa, Calgary, Edmonton and Vancouver. Profit Magazine, one of Canada's major business publications, and L'Actualite, Quebec's premier magazine, placed Garda World Number 2 in Quebec on the 100 fastest growing companies list. -30-