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Solium Director Adopts Automatic Securities Disposition Plan
Solium Director Adopts Automatic Securities Disposition Plan Canada NewsWire CAL...
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[{"type":"text","content":"\n\n\n\nSolium Director Adopts Automatic Securities Disposition Plan\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\nCALGARY, Nov. 9, 2018\n\n\n\nCALGARY, Nov. 9, 2018 /CNW/ - Solium Capital Inc. (\"Solium\" or the \"Company\") (TSX: SUM) today announced that Brian Craig, a director of Solium, has adopted an automatic securities disposition plan (\"ASDP\") in accordance with applicable Canadian provincial securities legislation, including the guidance under Ontario Securities Commission's Staff Notice 55-701 (\"Canadian Legislation\"). Generally, Canadian Legislation permits an insider to adopt a written ASDP to sell shares through an independent broker in accordance with a pre-arranged set of instructions, regardless of any subsequent material non-public information the insider may receive, as long as the ASDP satisfies certain requirements. In accordance with Canadian Legislation, sales of shares under the ASDP will be effected by an independent securities broker in accordance with the trading parameters, price and volume limits and other instructions set out in the ASDP. Mr. Craig will not exercise any further discretion or influence over how dispositions will occur under his ASDP, and the broker administering his ASDP is not permitted to consult with him regarding any such dispositions. In addition, Mr. Craig is subject to restrictions on his ability to modify, suspend or terminate his participation in his respective ASDP. In accordance with best practices, the ASDP includes a waiting period of 30 days between the date of adoption of the ASDP and the date that the first disposition can be made under the ASDP.\nThe objective of the ASDP is to facilitate the sale of up to 600,000 common shares of Solium held by Mr. Craig on the open market over a period of up to two years at prevailing market prices and subject to the volume limits and the minimum price thresholds specified in the ASDP. The independent broker will execute the trades in such a way so as to attempt to minimize the price impact on the market and to attempt to maximize the pric...