Savaria President and CEO Completed Previously Announced Securities Distribution
19 Dezembro 2022 - 07:50PM
Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the
accessibility industry, announces today that Mr. Marcel
Bourassa, President and CEO of Savaria has filed today an early
warning report with respect to his shareholdings in Savaria further
to the completion of his previously announced proposed distribution
of 1,700,000 common shares of Savaria (“Common Shares”),
representing 2.64% of the issued and outstanding Common Shares.
On December 19, 2022, Mr. Bourassa
completed (i) the sale of 886,467 Common Shares beneficially owned
by 9302-0071 Québec Inc. (representing 1.38% of the issued and
outstanding Common Shares) through the Toronto Stock Exchange,
which were sold at a price of $ 14.00 per share and, (ii) the
sale of 813,533 Common Shares beneficially owned by Les Élévateurs
Savaria Inc. (representing 1.26% of the issued and outstanding
Common Shares) through the Toronto Stock Exchange, which were sold
at a price of $ 14.00 per share (collectively the
“Transactions”).
Immediately prior to the Transactions,
Mr. Bourassa: (i) beneficially owned and controlled 32,900
Common Shares (representing approximately 0.0051% of the issued and
outstanding Common Shares), (ii) controlled 13,399,300 Common
Shares beneficially owned by Les Élévateurs Savaria Inc.
(representing approximately 20.81% of the issued and outstanding
Common Shares), (iii) controlled 886,467 Common Shares beneficially
owned by 9302-0071 Québec Inc. (representing approximately 1.38% of
the issued and outstanding Common Shares), (iv) controlled 336,500
Common Shares beneficially owned by 9264-4582 Québec Inc.
(representing approximately 0.053% of the issued and outstanding
Common Shares) and (v) controlled 250,000 Common Shares
beneficially owned by Fondation Bourassa Savaria (representing
approximately 0.039% of the issued and outstanding Common Shares),
representing in the aggregate 14,905,167 Common Shares (or
approximately 23.14% of the issued and outstanding Common
Shares).
Immediately after the Transactions,
Mr. Bourassa: (i) beneficially owns and controls 32,900 Common
Shares (representing approximately 0.0051% of the issued and
outstanding Common Shares), (ii) controls 12,585,767 Common Shares
beneficially owned by Les Élévateurs Savaria Inc. (representing
approximately 19,55% of the issued and outstanding Common Shares),
(iii) controls 336,500 Common Shares beneficially owned by
9264-4582 Québec Inc. (representing approximately 0.053% of the
issued and outstanding Common Shares) and (iv) controls 250,000
Common Shares beneficially owned by Fondation Bourassa Savaria
(representing approximately 0.039% of the issued and outstanding
Common Shares), representing in the aggregate 13,205,167 Common
Shares (or approximately 20.50% of the issued and outstanding
Common Shares).
About Savaria Corporation
Savaria Corporation (savaria.com) is a global
leader in the accessibility industry. It provides accessibility
solutions for the physically challenged to increase their comfort,
their mobility and their independence. Its product line is one of
the most comprehensive on the market. Savaria designs,
manufactures, distributes and installs accessibility equipment,
such as stairlifts for straight and curved stairs, vertical and
inclined wheelchair lifts and elevators for home and commercial
use. It also manufactures and markets a comprehensive selection of
pressure management products for the medical market, medical beds
for the long-term care market, as well as an extensive line of
medical equipment and solutions for the safe handling of patients,
including ceiling lifts and slings. In addition, Savaria converts
and adapts vehicles for personal and commercial uses. The
Corporation operates a sales network of dealers worldwide and
direct sales offices in North America, Europe (UK, The Netherlands,
Switzerland, Italy, Germany, Poland and Czech Republic), Australia
and China. Savaria employs approximately 2,250 people globally and
its plants are located across Canada, the United States, Mexico,
Europe and China.
For further information: |
Marcel BourassaPresident and Chief Executive
Officer1.800.661.5112mbourassa@savaria.com |
www.savaria.comfacebook.com/savariabettermobilitytwitter.com/Mobilityforlife
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