Earlier this week, snowmobile maker BRP Inc. reported that two institutional shareholders, Bain Capital Luxembourg Investments S.a r.l. and Caisse de dépôt et placement du Québec, are going to sell a total of 8,700,000 subordinate voting shares at $30 per share through a bought deal arrangement. The transaction is expected to close near the end of the month subject to a number of customary conditions. We have also seen senior officers selling some stock. This week, three officers sold a combined 52,400 subordinate voting shares between the prices of $30.03 and $30.25.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.