Latest news with #TheEarlyWarningSystemandRelatedTake-OverBidandInsiderReportingIssues
Cision Canada
9 hours ago
- Business
- Cision Canada
Early Warning Report Issued Pursuant to National Instrument 62-103 in Connection with the Acquisition of Shares of PUDO Inc.
TORONTO, June 27, 2025 /CNW/ - Richard Cooper (" Mr. Cooper"), announces that he has filed an early warning report (the " Early Warning Report") under National Instrument 62-103 — The Early Warning System and Related Take-Over Bid and Insider Reporting Issues for himself and for a joint actor, Cardinal Couriers Ltd. (" Cardinal" and together with Mr. Cooper, the " Acquirors") in connection with the acquisition of common shares (" Shares") of PUDO Inc. (the " Company"). Mr. Cooper controls Cardinal. Cardinal On March 1, 2023, as a result of an amalgamation (" Amalgamation") of RHC Spitfire Corporation (" Spitfire") and GCC Ferrari Corp. with Cardinal, Cardinal acquired 1,489,314 Shares. No amount was given for the Shares acquired pursuant to the Amalgamation. Prior to the Amalgamation, Cardinal held 2,476,292 Shares representing 9.1 % of the outstanding Shares of the Company. Immediately after Amalgamation, Cardinal held 3,965,606 Shares representing 14.5 % of the outstanding Shares of the Company. On March 7, 2025, the Company settled (" 2025 Settlement") certain debt owed by the Company to Cardinal by issuance of 1,877,511 Shares. The total value of the debt subject to the 2025 Settlement was $253,463, which represented a value of $0.135 per Share. Prior to the 2025 Settlement, Cardinal held 3,965,606 Shares representing 14.5% of the outstanding Shares of the Company. Immediately after Settlement, Cardinal held 5,843,117 Shares representing 17.6% of the outstanding Shares of the Company. Mr. Cooper On November 7, 2019, the Company settled (" 2019 Settlement") certain debt owed by the Company to (i) Cardinal by issuance of Shares resulting in the issuance of 1,715,555 Shares, and (ii) Spitfire by issuance of Shares resulting in the issuance of 111,111 Shares. Immediately prior to November 7, 2019, Mr. Cooper, who controls Spitfire and Cardinal, held directly and indirectly, a total of 670,645 Shares representing 4.0% of the outstanding Shares of the Company . Mr. Cooper then indirectly, through Cardinal and Spitfire pursuant to the 2019 Settlement, acquired 1,826,666 Shares. Immediately after the 2019 Settlement, Mr. Cooper directly and indirectly held 2,497,311 Shares representing 11.6% of the outstanding Shares of the Company. Mr. Cooper, immediately before March 1, 2023, directly and indirectly held a total of 2,803,161 Shares representing 10.3% of the outstanding Shares of the Company. As a result of the Amalgamation, Mr. Cooper indirectly acquired 1,489,314 Shares. Immediately after Amalgamation, Mr. Cooper directly and indirectly held 4,292,475 Shares representing 15.7 % of the outstanding Shares of the Company. Mr. Cooper, immediately before March 7, 2025, directly and indirectly held a total of 4,292,475 Shares representing 15.7% of the outstanding Shares of the Company. Mr. Cooper then indirectly, through Cardinal pursuant to the 2025 Settlement, acquired 1,877,511 Shares. Immediately after the 2025 Settlement, Mr. Cooper directly and indirectly held 6,354,986 Shares representing 19.1 % of the outstanding Shares of the Company. The Acquirors may acquire additional securities of the Company, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions and other relevant factors.
Yahoo
16-04-2025
- Business
- Yahoo
Woodbridge representatives Michael Friisdahl and Paul Sagan nominated to Thomson Reuters' Board of Directors at AGM
TORONTO, April 16, 2025 /CNW/ - The Woodbridge Company Limited ("Woodbridge"), Thomson Reuters' principal shareholder, today announced that Michael Friisdahl and Paul Sagan were nominated for election to the Thomson Reuters' board of directors as representatives of Woodbridge following a search by Woodbridge and Thomson Reuters. Mr. Friisdahl and Mr. Sagan will stand for election at Thomson Reuters' upcoming annual meeting of shareholders to be held on June 4, 2025 (the "AGM"). Information regarding Mr. Friisdahl and Mr. Sagan will be included in Thomson Reuters' management proxy circular for the AGM. Early Warning Disclosure This press release is being issued by Woodbridge pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"), which requires a report to be filed under Thomson Reuters' profile on SEDAR+ ( containing additional information respecting the foregoing matters. Thomson Reuters' head office address is 19 Duncan St., Toronto, Ontario, M5H 3H1, Canada. Woodbridge and Thomson Investments Limited ("TIL"), a holding company of Woodbridge, have filed on SEDAR+ an amended early warning report in compliance with NI 62-103 to disclose changes in certain material facts relating to their ownership of common shares of Thomson Reuters ("Common Shares") as a result of the nomination of Messrs. Friisdahl and Sagan to the Thomson Reuters board. TIL is the beneficial owner of 313,508,841 Common Shares, representing approximately 69.6% of the outstanding Common Shares. Of those Common Shares, Woodbridge is the beneficial owner of 300,551,801 Common Shares, representing approximately 66.7% of the outstanding Common Shares. For further information, including a copy of the corresponding report filed with Canadian securities regulators, please visit or contact The Woodbridge Company Limited, 65 Queen Street West, Suite 2400, Toronto, Ontario, M5H 2M8, Canada, Attention: David Colman (dcolman@ 416.364.8700. About Woodbridge The Woodbridge Company Limited is the primary investment vehicle for the Thomson family of Canada. It has a number of investments, including a majority stake in Thomson Reuters, listed on the Toronto Stock Exchange and the Nasdaq. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS Certain statements in this news release, including, but not limited to, statements relating to the nomination of Messrs. Friisdahl and Sagan to the Thomson Reuters board, are forward-looking. The words "will", "expect", "believe", "target", "estimate", "could", "should", "intend", "predict", "project" and similar expressions identify forward-looking statements. While Woodbridge believes that they have a reasonable basis for making the forward-looking statements in this news release, they are not a guarantee of future outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond Woodbridge's control and the effects of them can be difficult to predict. Except as may be required by applicable law, Woodbridge disclaims any obligation to update or revise any forward-looking statements. SOURCE The Woodbridge Company Limited View original content:
