Press release from CNW Group
Element senior management buys shares valued at $19 million
Wednesday, July 03, 2013
Element senior management buys shares valued at $19 million09:07 EDT Wednesday, July 03, 2013
TORONTO, July 3, 2013 /CNW/ - Element Financial Corporation (TSX: EFN) ("Element" or the "Company"), one of North America's leading independent equipment finance companies, today announced that members of the Company's senior management team purchased approximately $19 million worth of Element's common shares in the open market on Friday, June 28, 2013.
"This investment by Element's senior management team is a testament to our confidence in the long term value of this company and in the market opportunities that we see emerging in the segments of the equipment finance industry where we have positioned Element for growth," noted Steven K. Hudson, Element's Chairman and CEO.
About Element Financial Corporation
With total assets of approximately C$2.4 billion, Element Financial Corporation is one of North America's leading independent equipment finance companies. Element operates across North America in three verticals of the equipment finance market - Element Capital provides large ticket equipment leasing, Element Finance serves the mid-ticket equipment finance market and Element Fleet provides vehicle fleet leasing and management solutions.
SOURCE: Element Financial Corporation
For further information:
Senior Vice President
Corporate Affairs & Investor Relations
(416) 386-1067 ext. 2313
Chief Financial Officer
(416) 386-1067 ext. 2225