Ontario Teachers' Pension Plan Board sells shares of Softchoice Corp.

TORONTO, Jan. 13, 2012 /CNW/ - Ontario Teachers' Pension Plan Board ("OTPPB") today announced that it has sold 5,093,700 common shares of Softchoice Corp. (TSX:SO) ("Common Shares"). After this transaction, OTPPB's beneficial ownership and control of Common Shares will be reduced from approximately 25.67% to nil. This news release is being issued under the early warning provisions of Canadian provincial securities legislation.

Proceeds to be received by OTPPB from the sale of Common Shares shall be $50,937,000 in the aggregate, representing $10.00 per Common Share.

Depending on market conditions and other factors that OTPPB may deem material to its investment decisions, OTPPB may in the future reacquire shares, debentures, options or other derivative securities related to the Common Shares, in the open market or in privately negotiated purchases to the extent then permitted by applicable law and regulation.

With $107.5 billion in net assets as of December 31, 2010, OTPPB is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 295,000 active and retired teachers in Ontario.

A copy of an early warning report of Teachers' that will be filed with the applicable securities commissions can be obtained by contacting:

Deborah Allan
Communications
Ontario Teachers' Pension Plan
(416) 730-5347
deborah_allan@otpp.com

SOURCE Ontario Teachers' Pension Plan

For further information:

Deborah Allan
Communications
Ontario Teachers' Pension Plan
(416) 730-5347
deborah_allan@otpp.com


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.