Corporate governance relates to the activities of Westport Fuel Systems Board of Directors and Westport Fuel Systems structures, traditions, and processes of leadership and stewardship. It relates to accountability oversight, role definitions, and the assignment of power and responsibilities governing our communications with Shareholders. Corporate governance is about creating a culture of openness among all of our stakeholders. We believe that effective corporate governance is critical to the continued and long-term success of Westport Fuel Systems and contributes to maximized Shareholder value over time.
The following documents provide further insight into our corporate governance policies and practices here at Westport Fuel Systems:
Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders
Enhanced Liquidity and Continued Execution on Stated Goals
To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call on Monday, August 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).
Westport Fuel Systems Inc. announced today the exercise of the underwriters' option from its previously announced offering to purchase an additional 2,425,000 common shares at the Offering price of US$1.50 per share. With the exercise of the option, Westport issued a total of 19,125,000 common shares under the offering for gross proceeds of US$28,687,500.
Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.