Business
GROUPE DYNAMITE ANNOUNCES CLOSING OF SECONDARY OFFERING OF SUBORDINATE VOTING SHARES AND SHARE BUYBACK
Groupe Dynamite Inc. ("Groupe Dynamite" or the "Company") (TSX: GRGD) is pleased to announce the closing of the offering announced on April 20, 2026, consisting of 2,700,000 subordinate voting shares (the "Offered Shares") offered by 4370368 Canada Inc., a company controlled by Mr. Andrew Lutfy, our Chief Executive Officer (the "Selling Shareholder") at an offering price of $93.00 per Offered Share (the "Offering Price") for aggregate gross proceeds to the Selling Shareholder of approximately $2
About this update from Groupe Dynamite Inc.
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"MONTRÉAL, April 27, 2026 /CNW/ - Groupe Dynamite Inc. ("Groupe Dynamite" or the "Company") (TSX: GRGD) is pleased to announce the closing of the offering announced on April 20, 2026, consisting of 2,700,000 subordinate voting shares (the "Offered Shares") offered by 4370368 Canada Inc., a company controlled by Mr. Andrew Lutfy, our Chief Executive Officer (the "Selling Shareholder") at an offering price of $93.00 per Offered Share (the "Offering Price") for aggregate gross proceeds to the Selling Shareholder of approximately $251 million (the "Offering").","length":631,"tagName":"p"},{"type":"text","content":"The Offering was made by a syndicate of underwriters led by BMO Capital Markets, as lead joint bookrunner and manager, and including Desjardins Capital Markets, National Bank Capital Markets, RBC Capital Markets, and TD Securities Inc., as joint bookrunners, and Canaccord Genuity, Stifel, Barclays, CIBC Capital Markets, Goldman Sachs, Raymond James, Scotiabank and UBS, as co-managers, on a bought deal basis pursuant to a short form base shelf prospectus dated April 20, 2026 (the "Shelf Prospectus") and a prospectus supplement dated April 22, 2026 (the "Prospectus Supplement"). Each of the Shelf Prospectus and the Prospectus Supplement has been filed and is available under the Company's profile on SEDAR+ at www.sedarplus.ca. The Offered Shares were also offered by way of private placement in the United States.","length":854,"tagName":"p"},{"type":"text","content":"Groupe Dynamite did not receive any proceeds from the sale of the Offered Shares by the Selling Shareholder.","length":108,"tagName":"p"},{"type":"text","content":"Groupe Dynamite is also pleased to announce that it has completed the previously announced repurchase for cancellation of subordinate voting shares from the Selling Shareholder at the Offering Price, for total consideration of approximately $51 million (the "Buyback") pursuant to an exemption order granted by the Autorité des marchés financiers.","length":362,"tagName":"p"},{"type":"text","content":"The securities offered have not been...