ZoomerMedia Limited: A New Chapter Unfolds with Plan of Arrangement

ZoomerMedia Limited, a leading Canadian media company, has announced the closing of its Plan of Arrangement. This strategic move, approved by the Supreme Court of British Columbia, paves the way for a new era in the company's history. The Plan of Arrangement involves the acquisition of ZoomerMedia's shares by Northbridge Financial Corporation and Omri Tintpulver, with Moses Znaimer retaining a significant stake. This article explores the implications of this transaction and its potential impact on the company's future.

The Plan of Arrangement, valued at approximately CAD 12.5 million, offers ZoomerMedia shareholders CAD 0.08 in cash for each share held. This represents a premium of approximately 15% over the closing price of ZoomerMedia's shares on the TSX Venture Exchange on the date of the announcement. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions.



The acquisition by Northbridge Financial Corporation and Omri Tintpulver signals a shift in ownership that could potentially impact ZoomerMedia's content strategy and target audience. With Moses Znaimer retaining a significant stake, the company's focus on creating content for Canada's most powerful audiences, the 18.1 million people aged 45-plus and the 15.1 million Millennials and Gen Zs, is likely to continue. However, the new ownership may bring fresh perspectives and resources, potentially leading to expanded content offerings or new distribution channels. The company's diverse portfolio of TV, radio, print, and digital properties provides a solid foundation for growth and adaptation to changing market dynamics.



The delisting of ZoomerMedia's shares from the TSX Venture Exchange may impact the liquidity and value of minority shareholders' investments. While the cash consideration of CAD 0.08 per share provides immediate liquidity, the lack of public trading may make it more difficult for minority shareholders to sell their shares in the future. Additionally, the termination of public reporting obligations may limit transparency and make it more challenging for minority shareholders to monitor the company's performance.

In conclusion, the closing of the Plan of Arrangement marks a significant milestone for ZoomerMedia Limited. The acquisition by Northbridge Financial Corporation and Omri Tintpulver brings new opportunities and challenges, as the company navigates a changing media landscape. While the delisting may impact minority shareholders' liquidity and value, the transaction offers a premium and a clear path forward for the company. As ZoomerMedia enters this new chapter, investors should closely monitor the company's progress and the potential impact of the Plan of Arrangement on its long-term prospects.