TORONTO, April 1, 2015 /CNW/ - IBI Group Inc. (the
"Company") (TSX: IBG) announces that the maturity of the
$10 million loan advanced by the IBI
Group Management Partnership (the "Management Partnership") has
been revised to June 30th, 2015.
Subsequent to year-end, the Management Partnership and Board of
Directors of the Company agreed to develop a plan, which could
convert the loan principal outstanding into common shares of IBI
Group Inc. The revised date will provide additional time to
finalize the mechanics of the arrangement.
About IBI Group Inc.
The Company is a TSX listed Corporation and trades under the
symbol "IBG". IBI Group is a globally integrated architecture,
planning, engineering, and technology firm with over 2,700
professionals around the world. For more than 40 years, our
dedicated professionals have helped clients create livable,
sustainable, and advanced urban environments. We are one of the
largest architecture firms in the world, and more than 300 of our
staff architects, planners, designers and engineers are LEED
accredited.
From high-rises to industrial buildings, schools to
state-of-the-art hospitals, transit stations to highways, airports
to toll systems, bike lanes to parks, we design every aspect of a
truly integrated city for people to live, work, and play.
We organize our expertise into three areas:
- Intelligence: systems designer, software development.
- Buildings: building architecture, building engineering
(mechanical, structural, electrical).
- Infrastructure: planning, urban design, landscape architecture,
transportation, and engineering.
Our collaborative and combined approach focuses not only on
creating the best solutions today, but also creating the right
solutions for tomorrow.
We believe cities must be designed with intelligent systems,
sustainable buildings, efficient infrastructure, and a human
touch.
At IBI, we're defining the cities of tomorrow.
SOURCE IBI Group Inc.