Press Release Issued by Laurent Lemaire in Accordance with the Early Warning System
WARWICK, QC, Nov. 16, 2018 /CNW Telbec/ - This press released is issued in accordance with Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("Regulation 62-103"). Laurent Lemaire, co-founder of Cascades Inc. ("Cascades") hereby announces that, between November 9 and November 14, 2018, through a corporation under his control, Gestion Laurent Lemaire Inc., he purchased 62,633 common shares in Cascades' ordinary share capital on the Toronto Stock Exchange (TSX) for an average price of $10.74 per share, for a total of $672,913.29.
Prior to these transactions, Laurent Lemaire held 12,294,282 common shares in Cascades both directly and indirectly through Gestion Laurent Lemaire Inc.; these shares represented approximately 13.06% of Cascades' common shares outstanding. Subsequent to these transactions, Laurent Lemaire will, directly and indirectly through Gestion Laurent Lemaire Inc., hold 12,356,915 shares, representing approximately 13.12% of the undiluted shares outstanding, and 12.53% on a partially diluted basis.
Laurent Lemaire and Gestion Laurent Lemaire Inc. hold the equity for investment purposes only. Laurent Lemaire could decide to increase or decrease his stake in Cascades or the control over the shares from time in time in the future, as applicable.
Cascades' common shares trade on the Toronto Stock Exchange under the ticker symbol CAS.
A copy of the declaration filed under Regulation 62-103 can be obtained on www.sedar.com or by contacting Laurent Lemaire.
SOURCE Laurent Lemaire
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