Montréal, July 20, 2010 – As part of a previously announced normal course issuer bid, GBO Inc. has agreed to purchase for cancellation from the Fonds de solidarité FTQ (“Fonds”) 14,847,617 common shares for an aggregate purchase price of $2,969,523.40.
After the repurchase, the Fonds will own 4,490,880 common shares, representing approximately 25.38% of GBO’s issued and outstanding shares and 38,000 stock options for 38,000 common shares or .21% of the issued and outstanding common shares of the company on July 20, 2010, the whole representing a total of approximately 25.6% (factoring in the Fonds’ stock options). The Fonds’ participation prior to the repurchase was approximately 59%.
GBO Inc. is a Canadian manufacturer or doors and windows.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $7.3 billion as at May 31, 2010, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help further Québec's economic growth. The Fonds is a partner, either directly or through its network members, in 2,052 companies. With its 577,511 owner-shareholders, the organization has helped, on its own or with other financial partners, to create, maintain and protect 180,934 jobs. For more information, visit www.fondsftq.com.
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For further information:
Note: The telephone numbers provided below are for journalists and other media representatives only.
Source:
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Josée Lagacé
Senior Advisor, Press Relations and Communications
Fonds de solidarité FTQ
Telephone: 514 850-4835
E-mail: jlagace@fondsftq.com |