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JEAN-GUY DESJARDINS ACQUIRES APPROXIMATELY $5 MILLION OF SHARES OF FIERA CAPITAL CORPORATION
JEAN-GUY DESJARDINS ACQUIRES APPROXIMATELY $5 MILLION OF SHARES OF FIERA CAPITAL CORPORATION ...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n JEAN-GUY DESJARDINS ACQUIRES APPROXIMATELY $5 MILLION OF SHARES OF FIERA CAPITAL CORPORATION\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 MONTREAL\n \n \n ,\n \n \n Sept. 25, 2023\n \n \n /CNW/ - On\n \n September 22, 2023\n \n , in connection with the exercise of existing divestiture rights by certain unitholders (the \"Transferees\") of Fiera Capital Limited Partnership (\"Fiera LP\") who are current and former employees of Fiera Capital Corporation (\"Fiera Capital\"), Mr.\n \n Jean-Guy Desjardins\n \n (\"Mr. Desjardins\"), who indirectly controls Fiera Holdings Inc., the sole general partner of Fiera LP, exercised its right to purchase, through Fiera International Inc., an entity indirectly wholly-owned by Mr. Desjardins, 871,847 units of Fiera LP (representing the same number of shares of Fiera Capital) from the Transferees at a price of\n \n $5.66\n \n per unit for a total consideration of approximately\n \n $5 million\n \n , the whole under the terms of the limited partnership agreement governing Fiera LP (the \"LPA\"). With respect to the units of the Transferees that were not repurchased by Mr. Desjardins and the other unitholder(s) of Fiera LP that exercised their purchase right(s), Fiera LP will transfer a portion of the Class A subordinate voting shares of Fiera Capital (\"Class A Shares\") representing such units directly to Transferees, and will sell the remainder of the Class A Shares through the facilities of the Toronto Stock Exchange, the whole under the terms of the LPA.\n \n \n \n \n \n \n \n \n \n \"I am pleased to take advantage of this opportunity to exercise my right to acquire shares under the limited partnership agreement\", said Mr. Desjardins. \"As the company's founder and CEO, I remain committed to Fiera Capital and find the opportunity to purchase shares at the current price particularly attractive\".\n \n \n As at\n \n May 12, 2023\n \n , being the date of its last early warning report, Fiera LP owned 2,116,258 Class A Shares, representing approximately 2.53% of the then issued...