FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For April 8, 2003
EMCO LIMITED
(Translation of registrant's name into English)
620 Richmond Street
London, Ontario, N6A 5J9
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.]
Form 20-F Form 40-F X
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[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.]
Yes No X
--- ---
[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-____.]
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
EMCO LIMITED
(Registrant)
Date: April 8, 2003 By: /s/ Mark F. Whitley
------------------------------
Mark F. Whitley
Vice President, General Counsel
and Secretary
Furnished herewith is a press release issued on April 8, 2003 by Emco Limited:
EMCO LIMITED ANNOUNCES THE REDEMPTION OF ITS 6 1/2%
CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES
LONDON, Ontario (April 8, 2003) - Emco Limited [Toronto: EML; Nasdaq:
EMLTF] announced today that, as a result of the successful completion of
the take-over bid by 2022841 Ontario Inc., Emco will redeem all of its
outstanding 6 1/2% convertible unsecured subordinated debentures on May 9,
2003. The debentures had been scheduled to mature on July 4, 2007. An
aggregate principal amount of $69.11 million of the debentures is currently
outstanding.
The debentures will be redeemed in cash for the amount of Cdn. $1,022.79
per $1,000 principal amount of the debentures, representing a principal
payment of Cdn. $1,000 plus accrued interest thereon of Cdn. $22.79 from
January 1, 2003 to May 8, 2003. Interest due on the debentures has been
paid to debenture holders semi-annually on June 30 and December 31 of each
year prior to January 1, 2003. On and after May 9, 2003, interest will
cease to accrue on the debentures and the debentures will no longer be
outstanding.
Written notice of the redemption is being mailed today to each registered
debenture holder.
Payment will be made to debenture holders after May 9, 2003 on the
surrender of the debentures to Computershare Trust Company of Canada.
Emco Limited is one of Canada's leading distributors and manufacturers of
building products for the residential, commercial and industrial
construction markets.
For further information please contact:
Gordon E. Currie Daniel J. Boyd
Vice President, Treasurer & CFO Director, Investor Relations & Tax
(519) 645-3905 (519) 645-3911
This press release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. Investors are cautioned that such
forward-looking statements with respect to revenues, earnings, performance,
strategies, prospects and other aspects of the businesses of Emco are based
on current expectations that are subject to risks and uncertainties. A
number of factors could cause actual results or outcomes to differ
materially from those indicated by such forward-looking statements. These
factors include, but are not limited to, risks and uncertainties set forth
in Emco's filings with the U.S. Securities and Exchange Commission,
including risks and uncertainties relating to: delays in obtaining or
adverse conditions contained in any required regulatory approvals, changes
in laws or regulations, economic conditions affecting future sales and
margins, changes in markets, legislative and regulatory changes and
availability and cost of capital and other similar factors. The
forward-looking statements contained in this press release speak only as of
the date of this release. Emco expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statement included in this release to reflect any changes
in Emco's expectations with regard thereto or any changes in events,
conditions, or circumstances on which any such statement is based. Readers
are referred to Emco's reports filed with the U.S. Securities and Exchange
Commission.