MONTREAL, Aug. 4 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec (the "Caisse") announces that it has acquired, on the Toronto Stock
Exchange, 67,119 common shares of Nova Chemical Corp (TSX:NCX) ("Nova") or
0.08% of such shares outstanding at an average price of 25.81$ per share.
Before this transaction, Caisse held 7,998,151 common shares of Nova as
well as 2,500 options to acquire 250,000 common shares of Nova (the "Options")
at an exercise price of 25$ per share, on or before January 16, 2009.
Through this transaction, and if Caisse were to exercise the Options that
it holds, the total number of Nova common shares that it would own would be
8,315,270, or 10.00% of such shares outstanding on a partially diluted basis.
This transaction was made for investment purposes and the Caisse could
increase or reduce its investment in the Company according to market
conditions or other relevant factors.
For further information:
For further information: Mark Boutet, Public Affairs, Caisse de dépôt et
placement du Québec, (514) 847-5949