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The Article 6 Marital Trust Created Under The Jerry Zucker Revocable Trust Purchases Shares of Supremex Inc.
The Article 6 Marital Trust Created Under The Jerry Zucker Revocable Trust Purchases Shar...
About this update from Supremex Inc.
[{"type":"text","content":"\n \n \n \n The Article 6 Marital Trust Created Under The Jerry Zucker Revocable Trust Purchases Shares of Supremex Inc.\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 NORTH CHARLESTON, S.C.\n \n ,\n \n May 17, 2021\n \n /CNW/ - The Article 6 Marital Trust created under the First Amended and Restated Jerry Zucker Revocable Trust dated\n \n 4-2-07\n \n (the \"\n \n Trust\n \n \") announced today that it has purchased 100,000 common shares (the \"\n \n Acquired Shares\n \n \") of Supremex Inc. (\"\n \n Supremex\n \n \") (TSX: SXP) through the facilities of the TSX (the \"\n \n Transaction\n \n \"). The purchase price amounted to\n \n Cdn$2.30\n \n per share.\n \n Anita G. Zucker\n \n is the trustee of the Trust. The Acquired Shares represent approximately 0.36% of the issued and outstanding common shares of Supremex.\n \n \n Prior to the Transaction, the Trust owned 5,994,585 common shares, or approximately 21.9% of the issued and outstanding common shares of Supremex. As a result of the Transaction, the Trust owns 6,094,585 common shares, or approximately 22.23% of the issued and outstanding common shares of Supremex.\n \n \n The Transaction is subject to the take-over bid rules found under National Instrument 62-104 –\n \n Take-Over Bids and Issuer Bids\n \n (\"\n \n NI 62-104\n \n \"). However, in purchasing the Acquired Shares, the Trust relied on the \"normal course purchase exemption\" under section 4.1 of National Instrument 62-104 –\n \n Take-Over Bids and Issuer Bids\n \n .\n \n \n The Trust acquired the Acquired Shares for investment purposes. The Trust will continue to review the performance of and prospects for this investment and investment alternatives. As part of the ongoing review of the investment in Supremex, the Trust may explore from time to time a variety of alternatives, including the acquisition of additional securities of Supremex or the disposition of securities of Supremex in the open market or in privately negotiated transactions. The Trust may also explore other alternatives with respec...