TORONTO, Sept. 26, 2016 /CNW/ - Brookfield Capital Partners Ltd. ("BCP") announced that between September 12, 2016, the date of the most recent early warning report filed by 251091708 Delaware LP (the "Acquiror"), a Delaware limited partnership indirectly controlled by BCP, and September 26, 2016, the Acquiror acquired ownership of an additional 1,470,192 common shares (the "Acquired Shares") of Performance Sports Group Ltd. (the "Company"), representing approximately 3.23% of the outstanding common shares of the Company. The Acquired Shares were acquired through the facilities of the New York Stock Exchange at an average price equal to C$5.08 per common share, for aggregate consideration paid that is equal to C$7,465,596.
Prior to the acquisition of the Acquired Shares, the Acquiror owned a total of 4,556,668 common shares of the Company, representing approximately 10% of the Company's currently outstanding common shares. As a result of the acquisition of the Acquired Shares, the Acquiror now owns a total of 6,026,860 common shares of the Company, representing approximately 13.23% of the currently outstanding common shares of the Company. (The calculations of the foregoing percentages are based on 45,566,680 common shares of the Company outstanding as of April 13, 2016, as reported in the Company's Quarterly Report on Form 10-Q filed with Canadian securities regulatory authorities).
The Acquired Shares, along with all other common shares of the Company owned by the Acquiror, were acquired for investment purposes which remain subject to the disclosure set forth in the Acquiror's news release dated September 12, 2016 and filed on that date under the Company's profile on the System for Electronic Document Analysis and Retrieval (SEDAR). Other than as described in the September 12, 2016 news release, the Acquiror does not have any current plans or proposals that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (k) of Item 5 of Form 62-103F1.
The business address of BCP and the Acquiror is located at Brookfield Place, 181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3.
The head office of the Company is located at 100 Domain Drive, Exeter, New Hampshire, U.S.A, 03833-4801.
A copy of the early warning report required to be filed under applicable Canadian securities laws will appear with the Company's documents on the System for Electronic Document Analysis and Retrieval at www.sedar.com.
SOURCE 251091708 Delaware LP
For further information: or to obtain a copy of the related early warning report, please contact: Jennifer Ritchie, Tel: (416) 956-5230, Email: [email protected]