0001193125-18-000274.txt : 20180102 0001193125-18-000274.hdr.sgml : 20180102 20180102090405 ACCESSION NUMBER: 0001193125-18-000274 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180102 FILED AS OF DATE: 20180102 DATE AS OF CHANGE: 20180102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: POTASH CORP OF SASKATCHEWAN INC CENTRAL INDEX KEY: 0000855931 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10351 FILM NUMBER: 18500305 BUSINESS ADDRESS: STREET 1: SUITE 500, 122 - 1ST AVENUE SOUTH CITY: SASKATOON STATE: A9 ZIP: S7K 7G3 BUSINESS PHONE: 3069338500 MAIL ADDRESS: STREET 1: SUITE 500, 122 - 1ST AVENUE SOUTH CITY: SASKATOON STATE: A9 ZIP: S7K 7G3 6-K 1 d693885d6k.htm 6-K 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Issuer

Pursuant to Section 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of: January, 2018

Commission File Number: 001-10351

 

 

POTASH CORPORATION OF SASKATCHEWAN INC.

(Name of registrant)

 

 

Suite 500, 122 – 1st Avenue South

Saskatoon, Saskatchewan, Canada S7K 7G3

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F                    Form 40-F  ☑

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 


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.

 

    POTASH CORPORATION OF SASKATCHEWAN INC.
Date: January 2, 2018     By:   /s/ Robert A. Kirkpatrick
    Name:   Robert A. Kirkpatrick
    Title:   Vice President, Deputy General Counsel and Assistant Corporate Secretary


EXHIBIT INDEX

 

Exhibit

  

Description of Exhibit

99.1    Material Change Report dated January 2, 2018
EX-99.1 2 d693885dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

POTASH CORPORATION OF SASKATCHEWAN INC.

FORM 51-102F3

MATERIAL CHANGE REPORT

 

1. Name and Address of Company:

Potash Corporation of Saskatchewan Inc. (“PotashCorp”)

122 – 1st Avenue South, Suite 500

Saskatoon, Saskatchewan S7K 7G3

 

2. Date of Material Change:

January 1, 2018

 

3. News Release:

A joint news release disclosing the information contained in this material change report was issued by PotashCorp and Agrium Inc. (“Agrium”) on December 27, 2017 and disseminated through the facilities of a recognized news service and, in the normal course of such dissemination, would have been received by the securities commissions or similar authorities in each of the jurisdictions in which PotashCorp is a reporting issuer and by each of the stock exchanges on which PotashCorp’s securities are listed and posted for trading.

 

4. Summary of Material Change:

Effective January 1, 2018, PotashCorp and Agrium completed a court-approved plan of arrangement (the “Arrangement”) under Section 192 of the Canada Business Corporations Act involving, among others, PotashCorp, Agrium and Nutrien Ltd. (“Nutrien”), pursuant to an Arrangement Agreement dated September 11, 2016 (the “Arrangement Agreement”) and the Plan of Arrangement (as defined in the Arrangement Agreement).

Pursuant to the Arrangement, the holders of common shares of PotashCorp (“PotashCorp Shares”) received common shares (“Nutrien Shares”) of Nutrien, the new parent company of PotashCorp and Agrium, at a ratio of 0.40 of a Nutrien Share for each PotashCorp Share (the “PotashCorp Exchange Ratio”) and the holders of common shares of Agrium (“Agrium Shares”) received Nutrien Shares at a ratio of 2.23 Nutrien Shares for each Agrium Share.

As a result of completing the Arrangement, PotashCorp and Agrium are indirect, wholly-owned subsidiaries of Nutrien.

 

5. Full Description of Material Change:

 

5.1 Full Description of Material Change

Effective January 1, 2018, PotashCorp and Agrium completed the Arrangement involving, among others, PotashCorp, Agrium and Nutrien all in accordance with the Arrangement Agreement and the Plan of Arrangement. As a result of completing the Arrangement, PotashCorp and Agrium are indirect, wholly-owned subsidiaries of Nutrien.

Under the Arrangement, the holders of PotashCorp Shares received Nutrien Shares at a ratio of 0.40 of a Nutrien Share for each PotashCorp Share and the holders of Agrium Shares received Nutrien Shares at a ratio of 2.23 Nutrien Shares for each Agrium Share. Pursuant to the Arrangement, an aggregate of 336,088,781 Nutrien Shares were issued to the former holders of PotashCorp Shares.


The Arrangement was previously approved by the holders of PotashCorp Shares at a special meeting held on November 3, 2016 and by the Ontario Superior Court of Justice (Commercial List) on November 7, 2016.

In addition, upon completion of the Arrangement, each equity-based incentive award of PotashCorp was assumed or replaced by Nutrien based on the PotashCorp Exchange Ratio and all other material terms and conditions of each such equity-based incentive award remained substantially similar with their pre-Arrangement terms and conditions.

Effective on closing of the Arrangement, the board of directors of PotashCorp (the “Board of Directors”) was reconstituted to mirror the board of directors of Nutrien, and the Board of Directors is now comprised of the following directors: Jochen E. Tilk, Charles (Chuck) V. Magro, Christopher M. Burley, Maura J. Clark, John W. Estey, David C. Everitt, Russell K. Girling, Gerald W. Grandey, Miranda C. Hubbs, Alice D. Laberge, Consuelo E. Madere, Keith G. Martell, A. Anne McLellan, Derek G. Pannell, Aaron W. Regent and Mayo M. Schmidt.

In connection with the Arrangement, PotashCorp has committed to divest its minority shareholdings in Arab Potash Company and Sociedad Química y Minera de Chile S.A. within 18 months of November 2, 2017 and Israel Chemicals Ltd. within nine months from the closing of the Arrangement.

 

5.2 Disclosure for Restructuring Transactions

Not applicable.

 

6. Reliance on Subsection 7.1(2) of National Instrument 51-102:

Not applicable.

 

7. Omitted Information:

Not applicable.

 

8. Executive Officer:

The name and business telephone number of an executive officer of PotashCorp who is knowledgeable about the material change and this material change report is:

Denita Stann

Senior Vice President, Investor and Public Relations

Phone: (306) 933-8521

 

9. Date of Report:

January 2, 2018