TORONTO, Dec. 18 /CNW/ - Ontario Teachers' Pension Plan Board ("OTPPB") today announced that it has entered into a share purchase agreement ("Agreement") with Callisto Capital III LP and Callisto Capital (US) III LP, (collectively the "Purchasers") to sell 1,872,100 common shares of AlarmForce Industries Inc. ("Common Shares"). After closing of the transaction, OTPPB's beneficial ownership and control of Common Shares would be reduced from approximately 15.3% to nil. This private transaction is expected to close on January 7, 2010 and is subject to certain customary closing conditions. 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 $11,232,600 in the aggregate, representing $6.00 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 $87.4 billion in net assets as of December 31, 2008, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 284,000 active and retired teachers in Ontario.
SOURCE Ontario Teachers' Pension Plan
For further information: For further information: A copy of the Early Warning Report that will be filed with the applicable securities commissions can be obtained by contacting: Deborah Allan, Communications Ontario Teachers' Pension Plan, (416) 730-5347, firstname.lastname@example.org; Ontario Teachers' Pension Plan, 5650 Yonge Street, Toronto, Ontario, M2M 4H5