Latest news with #104
Cision Canada
11-07-2025
- Business
- Cision Canada
PIERRE TURCOTTE FILES AN EARLY WARNING REPORT
, July 11, 2025 /CNW/ - Pierre Turcotte, Chair of the Board of Alithya Group inc. (" Alithya"), filed today an early warning report with respect to his holding of Class B multiple voting shares (" Class B Shares") of Alithya, as required by applicable securities laws. On July 11, 2025, Mr. Turcotte acquired 50,000 Class B Shares from Ghyslain Rivard, also a director of Alithya, for an aggregate purchase price of $120,366.50 (the " Acquisition"). The purchase was made in the context of a sale, for estate planning purposes, of an aggregate of 100,000 Class B Shares from Ghyslain Rivard to Mr. Turcotte and Paul Raymond, President and Chief Executive Officer of Alithya, in equal parts. The price per Class B Share was $2.40733, being the volume weighted average trading price of the Class A subordinate voting shares (" Class A Shares") of Alithya on the Toronto Stock Exchange for the 20 trading days immediately preceding the Acquisition. Before the Acquisition, a total of 7,326,880 Class B Shares and 92,653,272 Class A Shares were issued and outstanding. Mr. Turcotte personally held 315,884 Class B Shares (representing 4.31% of the issued and outstanding Class B Shares) and 9387-1010 Québec inc., a company controlled by Mr. Turcotte, owned 1,468,858 Class B Shares (representing 20.05% of the issued and outstanding Class B Shares). This represented, in aggregate (the " Total Class B Ownership"), 1,784,742 Class B Shares beneficially owned and controlled by Mr. Turcotte (representing 24.36% of the issued and outstanding Class B Shares). Pursuant to the Acquisition, Mr. Turcotte acquired 50,000 Class B Shares, representing 0.68% of the issued and outstanding Class B Shares, resulting in a Total Class B Ownership of 1,834,742 Class B Shares (representing 25.04% of the issued and outstanding Class B Shares). In addition, Mr. Turcotte personally holds 269,300 Class A Shares and 299,400 deferred share units which settle in Class A Shares (all of which are vested, but none of which can be settled within 60 days) and Triaxions Technology Inc., a company controlled by Mr. Turcotte, owns 51,400 Class A Shares. Mr. Turcotte is exempt from the take-over bid requirements set out in National Instrument 62- 104 – Take-Over Bids and Issuer Bids (" NI 62-104"), pursuant to the "private agreement exemption" under Section 4.2 of NI 62-104. Mr. Turcotte is entitled to rely on this exemption as the Acquisition was made from a single seller and the consideration paid for the acquired Class B Shares was not greater than 115% of the value of the Class B Shares. For further information or to obtain a copy of the early warning report filed by Mr. Turcotte (which is available under Alithya's SEDAR+ profile at please contact: Christine Garon Director, Legal Affairs and Assistant Corporate Secretary Alithya Group inc. [email protected] 514-285-5552 SOURCE Alithya Group inc.
TimesLIVE
23-06-2025
- Health
- TimesLIVE
'The pain is indescribable': Grieving SA mom pleads for help after au pair daughter dies in US
The mother of 27-year-old Thobile Tshabalala who died earlier this month in the US where she was working as an au pair is appealing for support to repatriate her body to SA. In a GoFundMe summary which has been set up to help her family bring her home, Tshabalala's mother, Nthabiseng Mnisi, said she was devastated. 'My beautiful daughter, my shining star, left this world far from home, in the US. She went to America last year to work. Unfortunately, she got sick in April and she was let go,' she said. 'The pain of losing her is indescribable, but what's equally unbearable is the financial burden that now weighs me down,' she said. Tshabalala experienced a severe mental health crisis in April, just a few weeks after arriving in the US as part of an au pair programme. 'Thobile joined the au pair programme and was deployed to the US. In April, she experienced a mental breakdown and was coerced into breaking her match while in a compromised mental state, resulting in the termination of her contract,' said family representative Kholekile Mnisi. Mnisi said after the termination, Tshabalala was allegedly left without support. 'The programme allegedly failed to provide Thobile with an immediate place of safety, leaving her vulnerable and without adequate support,' said Mnisi. According to the family, after losing her placement, Tshabalala travelled to Phoenix, Arizona, and later to New Jersey in the hope of returning home through a friend who had promised to help her secure a flight back. While travelling from New Jersey to Ohio, she collapsed and was hospitalised. Her condition deteriorated rapidly. Tshabalala died on June 8. The family has since launched a GoFundMe campaign with a goal of raising R362,104 to cover the costs of bringing her body back home. So far R325,314 has been raised through 483 donations.
The Star
04-06-2025
- Business
- The Star
IOI to benefit from fresh fruit bunch output recovery
HLIB Research said IOI's FFB output has shown month-on-month and year-on-year recovery since March. PETALING JAYA: IOI Corp Bhd expects its continuing fresh fruit bunch (FFB) output recovery will help it beat its own growth guidance of 1% to 2% in the financial year 2025 (FY25). Given the anticipated strong FFB output in the fourth quarter (4Q25), IOI is confident of keeping its crude palm oil (CPO) production cost at RM2,100 per tonne for the full year, said Hong Leong Investment Bank (HLIB) Research. HLIB Research maintained its own FY25 FFB output growth assumption of 2.5%. It said IOI's FFB output has shown month-on-month and year-on-year (y-o-y) recovery since March with weather conditions improving. The output recovery has helped to narrow the group's year-to-date FFB output decline to just 0.3%, for the first 10 months of FY25. Lower FFB output, minimum wage hike effective February and higher windfall profit levy had lifted IOI's 3Q25 CPO production cost by 1.3% y-o-y to RM2,530 per tonne, bringing its nine-month FY25 CPO production cost to RM2,104 per tonne. It said the accelerated replanting programme of 8,000ha to 9,000ha per annum, embarked since FY19, would continue into FY26. This will bring down its average age profile to about 13 years by end-FY26.
New Straits Times
04-06-2025
- Business
- New Straits Times
IOI Corp's FFB growth target maintained at 2.5pct for FY2025
KUALA LUMPUR: IOI Corporation Bhd is maintaining its fresh fruit bunch (FFB) output growth target at 2.5 per cent for the financial year 2025 (FY25), said Hong Leong Investment Bank Bhd (HLIB Research). According to the bank, FFB production has rebounded both month-on-month and year-on-year since March 2025, supported by favourable weather conditions. "The output recovery has helped to narrow the group's year-to-date (YTD) FFB output decline to just 0.3 per cent for the first ten months of FY25. "Management indicated that the recovery trend is likely to continue in the coming months, potentially allowing IOI Corp to exceed its initial FY25 FFB output growth guidance of one to two per cent. "As such, we maintain our FY25 FFB output growth assumption of 2.5 per cent," it said in a note. Meanwhile, HLIB Research noted that several factors, including lower FFB output, the minimum wage hike effective February 2025, and a higher windfall profit levy, contributed to a 1.3 per cent YoY increase in IOI Corp's crude palm oil (CPO) production cost for the third quarter of FY25 (3Q25), raising it to RM2,530 per metric tonne. This brought the average CPO production cost for the first nine months of FY25 to RM2,104 per metric tonne, representing a 1.5 per cent decline compared to the same period last year. Given the anticipated strong FFB output in 4Q25, the firm said management remains confident in keeping the full-year CPO production cost below RM2,100 per metric tonne. Furthermore, HLIB Research said IOI Corp's decent performance in the manufacturing segment is expected to be sustained into 4Q25, if not improved further. It added that earnings at the manufacturing segment improved QoQ in 3Q25, with a profit of RM81.4 million, primarily driven by margin expansion at the refinery sub-segment, which more than mitigated weakness at the oleochemical and speciality fats sub-segments. "Management shared that earnings at the manufacturing segment should at least track 3Q25's performance (if not better), supported by sustained performance at the refining sub-segment arising from stable margins and improving availability of feedstock. "This includes gradual demand recovery for oleochemical products, albeit input prices remained elevated, as well as an improving contribution from the speciality fats sub-segment (as production normalised from the loss of production)," it said. On that note, HLIB Research also highlighted that IOI Corp's accelerated replanting programme, covering 8,000 to 9,000 hectares per annum since FY19, will continue into FY26. This is expected to reduce the group's average age profile to approximately 13 years by the end of FY26. The firm also noted that construction of the zero-waste paper pulp plant, undertaken through Nextgreen IOI Pulp Sdn Bhd (NIP), a 45 per cent owned joint venture unit of IOI Corp, is scheduled to begin in the first half of 2026 (1H26), with completion targeted by the end of 2027. Upon completion, it said the facility will have an initial annual production capacity of 150,000 metric tonnes of chemical bleached pulp.
