Business
Early Warning Press Release in Respect of Disposition of Common Shares in High Liner Foods Incorporated
Early Warning Press Release in Respect of Disposition of Common Shares in High Liner Foods Incorp...
About this update from Bank Of Montreal
[{"type":"text","content":"\n\n\n\n Early Warning Press Release in Respect of Disposition of Common Shares in High Liner Foods Incorporated\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Oct. 10, 2024\n \n\n /CNW/ - BMO Nesbitt Burns Inc. (\"BMO Nesbitt Burns\") today announced that on\n \n October 10, 2024\n \n , it reduced its holdings of High Liner Foods Incorporated (the \"Company\") by 800,000 common shares (\"Common Shares\"), representing approximately 2.67% of the issued and outstanding Common Shares, through the facilities of the Toronto Stock Exchange at a price of\n \n $13.60\n \n per Common Share for aggregate gross proceeds of\n \n $10,880,000\n \n (the \"Disposition\").\n \n\n\n\n\n\n\n\n\n As announced on\n \n June 6, 2024\n \n , the Company cancelled 2,429,014 Common Shares under the Rubicon Resources, LLC settlement (the \"Settlement Share Cancellation\"). Prior to the Settlement Share Cancellation, BMO Nesbitt Burns beneficially owned or exercised control or direction over 3,200,000 Common Shares representing approximately 9.74% of the issued and outstanding Common Shares (without taking into account the Settlement Share Cancellation).\n \n\n Immediately prior to the Disposition, the number of Common Shares beneficially owned by BMO Nesbitt Burns or over which it exercised control or direction remained unchanged at 3,200,000 Common Shares, representing approximately 10.69% of the issued and outstanding Common Shares as reported by the Company as of August 7, 2024 (which takes into account the Settlement Share Cancellation as well as shares repurchased for cancellation under the Company's normal course issuer bid).\n \n\n Immediately following the Disposition, BMO Nesbitt Burns beneficially owned or exercised control or direction over 2,400,000 Common Shares representing approximately 8.02% of the issued and outstanding Common Shares. Accordingly, BMO Nesbitt Burns is no longer subject to the early warning reporting requirements in respect of the Company, as BMO Nesbitt Burns has fallen below the 10% repo...