NORTH CHARLESTON, S.C.,
May 17, 2021 /CNW/ - The Article 6
Marital Trust created under the First Amended and Restated Jerry
Zucker Revocable Trust dated 4-2-07
(the "Trust") announced today that it has purchased 100,000
common shares (the "Acquired Shares") of Supremex Inc.
("Supremex") (TSX: SXP) through the facilities of the TSX
(the "Transaction"). The purchase price amounted to
Cdn$2.30 per share. Anita G. Zucker is the trustee of the Trust. The
Acquired Shares represent approximately 0.36% of the issued and
outstanding common shares of Supremex.
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.
The Transaction is subject to the take-over bid rules found
under National Instrument 62-104 – Take-Over Bids and Issuer
Bids ("NI 62-104"). However, in purchasing the Acquired
Shares, the Trust relied on the "normal course purchase exemption"
under section 4.1 of National Instrument 62-104 – Take-Over Bids
and Issuer Bids.
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 respect to the investment in Supremex, including
but not limited to an extraordinary corporate transaction involving
Supremex, changes in the present board of directors or management
of Supremex, or changes in Supremex's business or corporate
structure. Although the foregoing reflects activities presently
contemplated with respect to Supremex, the foregoing is subject to
change at any time, and there can be no assurance that the Trust
will take any of the actions referred to above.
This press release is being issued pursuant to National
Instrument 62-104 – Take-Over Bids and Issuer Bids.
SOURCE Article 6 Marital Trust