Auto Service World
News   July 9, 2010   by Auto Service World

Magna Files Supplemental Disclosure As Required by OSC


agna International Inc. has filed supplemental information required a disclosure supplement to Magna’s Management Information Circular/Proxy Statement with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission as ordered by the Ontario Securities Commission.
The original circular, dated May 31, 2010, had been mailed to shareholders. The circular, as amended and with the supplement, relates to the proposed plan of arrangement and related transactions involving the proposed elimination of Magna’s dual class share structure. The supplement contains all additional disclosure that Magna is required to make pursuant to an order issued on June 24, 2010 by the Ontario Securities Commission that followed a public hearing held on June 23 and June 24, 2010.
The Supplement is in the process of being mailed to Magna’s shareholders of record as at May 25, 2010, and is available on Magna’s website at www.magna.com; on the SEDAR website administered by the Canadian securities regulatory authorities at www.sedar.com; and on the EDGAR website administered by the U.S. Securities and Exchange Commission at www.sec.gov.
Magna’s board of directors has set a date of Friday, July 23, 2010 for the previously postponed special meeting of shareholders to consider and vote on the arrangement transaction.

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