BEV.H-V new 52 week high, $1.91
Difference Capital (DCF-T) acquires 7.22 million Benev Capital shares
March 24, 2014 - NR
Difference Capital Financial Inc. has acquired ownership and control of 7,220,300 common shares of Benev Capital Inc. On March 21, 2014, DCF purchased the Benev shares in a single transaction at a price of $1.91 per Benev share. The Benev shares were purchased through the Omega ATS market. The Benev shares acquired by DCF as part of the transaction represent an aggregate of approximately 18.6 per cent of the current issued and outstanding Benev shares. DCF relied upon the exemption under Section 100.1(1) of the Securities Act (Ontario) to make this purchase.
Immediately following the completion of the transaction, DCF owned and controlled 11,027,900 Benev shares, representing approximately 28.4 per cent of the total outstanding Benev shares.
DCF acquired the Benev shares for investment and potentially strategic purposes. DCF may in the future take such actions in respect of its holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional Benev shares through open market purchases or privately negotiated transactions, and engaging in discussions with the board of directors of Benev regarding Benev, its prospects and potential means for enhancing shareholder value, including, without limitation, with respect to a potential change in the composition of the board of directors of Benev or the sale of all or a portion of its holdings in the open market, or in privately negotiated transactions to one or more purchasers. |
