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Fiera Capital L.P. acquires 5,556,201 Class A subordinate voting shares from CGOV Asset Management
Fiera Capital L.P. acquires 5,556,201 Class A subordinate voting shares from CGOV Asset Ma...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\n\nFiera Capital L.P. acquires 5,556,201 Class A subordinate voting shares from CGOV Asset Management\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Oct. 25, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n MONTREAL, Oct. 25, 2018 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) (\"Fiera Capital\" or the \"Firm\"), a leading independent asset management firm, announced that Fiera Capital L.P. (\"Fiera LP\") exercised its option and acquired, on October 24, 2018, 5,556,201 Class A subordinate voting shares of Fiera Capital (the \"Class A Shares\") from CGOV Asset Management (\"CGOV\"). The option had been granted by CGOV to Fiera LP concurrently with the acquisition by Fiera Capital of the business of CGOV on May 31, 2018, pursuant to which Fiera Capital had issued the Class A Shares to CGOV in partial satisfaction of the purchase price. The Class A Shares acquired by Fiera LP remain subject to the escrow arrangements described in the news release of Fiera Capital issued in connection with the acquisition of CGOV.\nThe purchase price per Class A Share acquired by Fiera LP was $12.47 and was satisfied by Fiera LP issuing units of Fiera LP to CGOV. Such purchase is exempt from the applicable take-over bid requirements under the private agreement exemption.\nImmediately prior to the purchase of the Class A Shares, Fiera LP owned 719,087 Class A Shares, representing 0.92% of the issued and outstanding Class A Shares, and 19,412,401 Class B special voting shares of Fiera Capital (the \"Class B Shares\"), representing all of the issued and outstanding Class B Shares. Following the purchase of the Class A Shares, Fiera LP owns 6,275,288 Class A Shares, representing approximately 8.03% of the issued and outstanding Class A Shares, and 19,412,401 Class B Shares. Assuming the conversion of the 19,412,401 Class B Shares owned by Fiera LP into Class A Shares, Fiera LP would own 25,687,689 Class A Shares, representing in the aggregate approx...