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Early Warning Report Issued Pursuant to National Instrument 62-103
Early Warning Report Issued Pursuant to National Instrument 62-103 Canada NewsWire ...
About this update from Ccl Industries Inc. Class A
[{"type":"text","content":"\n \n \n \n Early Warning Report Issued Pursuant to National Instrument 62-103\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX: CCL\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 1, 2023\n \n \n /CNW/ - This news release relates to the shares of CCL Industries Inc. (the \"\n \n Company\n \n \"). 1281228 Ontario Inc.\n \n (\"128\")\n \n announces that on\n \n May 31, 2023\n \n , SHL Subco 15 Corp., a corporation indirectly controlled by 128 transferred 1,544,844 Class B non-voting shares (the \"\n \n Class B\n \n \n Shares\n \n \") of the Company to The Angel Gabriel Foundation and 1,571,340 Class B Shares to The Damascus Road Foundation by way of charitable gifts (collectively, the \"\n \n Gifts\n \n \"). Following completion of the Gifts, 128, together with its affiliates, no longer hold 10% or more of the outstanding Class B Shares of the Company.\n \n \n \n Stuart Lang\n \n , a director of 128, is also a director of the Company, The Angel Gabriel Foundation and The Damascus Road Foundation.\n \n \n Prior to completion of the Gifts, 128, together with its affiliates, directly or indirectly beneficially owned an aggregate of 11,209,400 Class A voting shares of the Company (\"\n \n Class A Shares\n \n \") and 16,772,108 Class B Shares, representing approximately 95.1% and 10.1% of the issued and outstanding Class A Shares and Class B Shares, respectively.\n \n \n Following completion of the Gifts, 128, together with its affiliates, directly or indirectly beneficially own an aggregate of 11,209,400 Class A Shares and 13,655,924 Class B Shares, representing approximately 95.1% and 8.2% of the issued and outstanding Class A Shares and Class B Shares respectively.\n \n \n The Gifts were completed in support of philanthropic endeavors and for estate planning purposes. 128 may, depending on market and other conditions, increase or decrease its holdings in the Company from time to time, as it may determine appropriate for investment and other purposes.\n \n \n This press release is issued pursuant...