Early Warning News Release Issued and Filed Under Section 7.2 of OSC Rule 62-504 and Equivalent Provisions of Canadian Securities Laws
TORONTO, Feb. 7, 2012 /CNW/ -
(a) | Name of the acquiror. |
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GAMCO Investors, Inc. One Corporate Center Rye, NY 10580 |
Collectively, GAMCO Investors, Inc. and other entities managed or controlled by such entity, the "Filer". | |
(b) | The number of securities of the offeree issuer that were beneficially acquired, or over which the power to exercise control or direction was acquired, in the transaction that gave rise to the requirement to issue the news release. On January 30, 2012, the Filer acquired in separate transactions in the open market 663,000 common shares of RuggedCom Inc. (the "Issuer"). These common shares were acquired for investment purposes in the normal course of the Filer's investment management business. The Filer does not seek to control or influence in any manner the strategic direction of the Issuer. |
(c) | The beneficial ownership of, and the control and direction over, any of the securities of the offeree issuer, by the acquiror and all persons and companies acting jointly or in concert with the acquiror, immediately after the acquisition described in paragraph (b). After giving effect to the transactions referred to in paragraph (b), the Filer owned a total of 882,200 common shares of the Issuer, representing approximately 6.62% of the total issued and outstanding common shares on a fully-diluted basis of the Issuer. |
(d) | The number of securities of the offeree issuer that were beneficially acquired, or over which the power to exercise control or direction was acquired, by the acquiror and all persons and companies acting jointly or in concert with the acquiror, since the commencement of the bid. |
As at January 30, 2012, since the commencement of the take-over bid for the Issuer on December 19, 2011, the Filer had acquired in separate open market purchases in the normal course of its business a net total of 852,200 common shares of the Issuer. As of the date hereof, since January 30, 2012, the Filer has acquired in separate open market purchases in the normal course of its business an additional net total of 246,400 common shares of the Issuer. All such common shares were acquired for investment purposes in the normal course of the Filer's investment management business. After giving effect to such common shares, as of the date hereof, the Filer owns a total of 1,128,600 common shares of the Issuer, representing approximately 8.47% of the total issued and outstanding common shares on a fully-diluted basis of the Issuer. | |
(e) | The name of the market in which the acquisition described in paragraph (b) took place. |
Toronto Stock Exchange. | |
(f) | The purpose of the acquiror and all persons and companies acting jointly or in concert with the acquiror in making the acquisition described in paragraph (b), including any intention of the acquiror and all persons and companies acting jointly or in concert with the acquiror to increase the beneficial ownership of, or control or direction over, any of the securities of the offeree issuer. |
As an investment manager, the Filer purchases and sells securities, including common shares of the Issuer, for investment purposes in the normal course of its business. The acquisitions described in paragraphs (b) and (d) were for investment purposes. The Filer may continue to purchase or sell common shares of the Issuer in the open market or in private transactions. The Filer does not seek to control or influence in any manner the strategic direction of the Issuer. The Filer is not and does not intend to be an offeror with respect to any formal take-over bid for the Issuer. | |
DATED February 7, 2012. | |
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please contact David Goldman at (914) 921-7793
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