MONTREAL, Dec. 10 /CNW Telbec/ - Capital régional et coopératif
Desjardins today announced that the 2007 issue has been completely sold out.
In only three days, the Desjardins caisse network sold out all the shares that
had been available since December 5.
Once again, this achievement is the result of the unflagging support of
the Desjardins caisse network. "The caisses' mobilization and will to win
deserve the highest praise," stated André Lachapelle, Chairman of the Board of
Capital régional. "I'd like to add that the government's recognition of the
concrete actions of Capital régional in all regions of Québec and the adoption
of new measures that are advantageous for shareholders are also factors that
have contributed to our Company's renewed success, and I'm really proud of
it," he continued.
On December 5, when sales resumed, remaining capitalization for the 2007
issue was $50 million. The next capitalization period beginning in March 2008
will be $150 million, reflecting the new provisions.
Note that sales of the securities had been interrupted November 9, 2007,
when the Minister of Finance announced the tabling of new measures, namely:
- The provincial tax credit rising from 35% to 50%;
- The maximum annual subscription amount increasing from $2,500 to
- The duration of the Fund; the December 31, 2010 limit has been lifted,
securing the Fund's continuity.
Capital régional et coopératif Desjardins
Founded in 2001, Capital régional et coopératif Desjardins is a publicly
traded company managed by Desjardins Venture Capital. With over 120,000
shareholders, the Company contributes to Québec's economic development while
driving the growth of cooperatives and the resource regions. Capital régional
et coopératif Desjardins currently supports 215 companies and cooperatives in
various industries spanning all Québec regions.
For further information:
For further information: Sylvie Audet, Vice-President, Strategic
Planning and Communications, Desjardins Venture Capital, (514) 281-7799,
email@example.com; Danièle Routhier, Manager, Public Affairs,
Desjardins Venture Capital, (514) 281-2211,