MONTREAL, Oct. 17, 2013 /CNW Telbec/ - Jane Silverstone Segal, the
Chairman and Chief Executive Officer of Le Château Inc. (TSX: CTU.A) ("Le Château") announced today that she acquired beneficial ownership of, and
control and direction over, 44,900 Class A subordinate voting shares of
Le Château ("Class A Shares"). The 44,900 acquired Class A Shares were acquired for investment
purposes and purchased through the facilities of the Toronto Stock
Exchange at an average purchase price of $4.16 per acquired Class A
With this acquisition and previous acquisitions of Class A Shares, the
number of Class A Shares beneficially owned and over which control and
direction is exercised by Ms. Silverstone Segal increased by 2.0% since
acquisitions of Class A Shares were last reported by Ms. Silverstone
Segal on October 12, 2012.
Ms. Silverstone Segal currently beneficially owns and exercises control
and direction over, in aggregate, 5,964,800 Class A Shares representing
approximately 26.2% of the issued and outstanding Class A Shares,
160,000 Class B voting shares of Le Château ("Class B Shares"), representing approximately 3.51% of the issued and outstanding
Class B Shares, and options to purchase 605,000 Class A Shares. Ms.
Silverstone Segal may, in the ordinary course, acquire additional
securities of the Corporation or otherwise trade in securities of the
Corporation for investment purposes.
Ms. Silverstone Segal relied on the exemption set forth in section 4.1
of Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids ("MI 62-104") as: (i) the acquired Class A Shares represent not more than 5% of the
issued and outstanding Class A Shares; (ii) the aggregate number of
Class A Shares acquired in reliance on such exemption by Ms.
Silverstone Segal or any person acting jointly or in concert with Ms.
Silverstone Segal within any 12-month period, when aggregated with
acquisitions otherwise made by Ms. Silverstone Segal and any person
acting jointly or in concert with Ms. Silverstone Segal within the same
12-month period, represent not more than 5% of the issued and
outstanding Class A Shares at the beginning of such 12-month period;
(iii) there is a published market for the Class A Shares; and (iv) the
value of the consideration paid for any of the acquired Class A Shares
is not in excess of the market price at the date of acquisition, as
determined in accordance with section 1.11 of MI 62-104, plus
reasonable brokerage fees or commissions actually paid.
This press release is issued pursuant to the early warning requirements
of applicable Canadian securities laws which also requires an early
warning report to be filed on SEDAR containing additional information
with respect to the foregoing matters.
SOURCE: LE CHATEAU INC.
For further information:
or a copy of the early warning report, please contact Johnny Del Ciancio, Vice-President, Finance, LE CHATEAU INC., at 514-738-7000 or visit www.sedar.com.