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Clarke Inc. announces investment in Holloway Lodging Corporation
Clarke Inc. announces investment in Holloway Lodging Corporation Canada NewsWire ...
About this update from Clarke Inc.
[{"type":"text","content":"\n\n\n\nClarke Inc. announces investment in Holloway Lodging Corporation\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\nCanada NewsWire\nHALIFAX, Jan. 9, 2019\n\n\n\nHALIFAX, Jan. 9, 2019 /CNW/ - Clarke Inc. (\"Clarke\") (TSX: CKI) announces that between December 19, 2018 and January 3, 2019, Clarke Inc. Master Trust acquired $420,000 principal amount of the 6.25% Series B Debentures of Holloway Lodging Corporation (\"Holloway\") through the facilities of the Toronto Stock Exchange at a price of $981.30 per $1,000 principal amount. The 6.25% Series B Debentures are convertible into 12,000 common shares of Holloway, representing 0.07% of the issued and outstanding common shares. \nPursuant to the Securities Act (Ontario), Clarke is presumed to be acting jointly or in concert with Clarke Inc. Master Trust. Immediately after the transactions described above, Clarke owns 7,952,715 common shares of Holloway and Clarke Inc. Master Trust owns $1,649,000 principal amount of the 6.25% Series B Debentures of Holloway. On an as converted basis, Clarke and Clarke Inc. Master Trust own 7,999,830 common shares of Holloway, representing approximately 46.5% of Holloway's outstanding common shares.\nClarke Inc. Master Trust acquired the 6.25% Series B Debentures for investment purposes. Clarke and/or Clarke Inc. Master Trust may, from time to time, acquire additional shares and debentures of Holloway, dispose of some or all of the existing or additional shares and debentures of Holloway, or continue to hold the shares and debentures of Holloway in the normal course of Clarke's investment activities.\nAbout Clarke\nHalifax-based Clarke invests in a variety of private and publicly-traded businesses and participates actively where necessary to enhance the performance of such businesses and increase its return. Clarke's securities trade on the Toronto Stock Exchange (CKI); for more information about Clarke Inc., please visit our website at www.clarkeinc.com.\nForward-Looking Statements\nThis press release contains certain forward-looking statements relating, but not limited, to Clark...