Trimac Announces Conversion Of Class B Shares
Jeffrey J. McCaig is currently the indirect beneficial owner of, and exercises control or direction over, 3,918,094 Class A Shares and 6,336,168 Class B Shares held through Trimac Holdings Ltd. Control or direction over the remaining Class A Shares held directly and indirectly by Trimac Holdings Ltd. is exercised by shareholders of Trimac Holdings Ltd. other than Jeffrey J. McCaig. Jeffrey J. McCaig is also currently the indirect beneficial owner of, and exercises control or direction over, 2,264,344 Class A Shares held outside of Trimac Holdings Ltd. In the aggregate, Jeffrey J. McCaig is the indirect beneficial owner of, and exercises control or direction over, 6,182,438 Class A Shares, representing 29.57% of all of the issued and outstanding Class A Shares, and 12,518,606 voting shares of Trimac, representing 45.88% of all of the issued and outstanding voting shares of Trimac. Following completion of the transaction, on an aggregate basis, both through and outside of Trimac Holdings Ltd., Jeffrey J. McCaig will directly and indirectly hold and exercise control or direction over 13,246,584 Class A Shares, representing 47.28% of all of the issued and outstanding Class A Shares, an increase of 17.71% over his current holdings of Class A Shares and an increase of 1.4% over his current holdings of voting shares of Trimac.
The registered office of Trimac Holdings Ltd. is 1700, 800 - 5 Avenue SW, Calgary, Alberta, T2P 5A3 and Trimac Holdings Ltd. is relying on the exemption available pursuant to Section 4.2 of National Instrument 62-104 on the basis that it is acquiring the Class A Shares from a single party and the consideration paid is not greater than 115% of the market price of the Class A Shares.
About Trimac: Trimac is Canada's largest provider of bulk trucking services with operations from coast to coast. In addition, through its National Tank Services division, Trimac performs repairs, maintenance and tank-trailer cleaning services for both the Trimac fleet and for third party commercial customers. Trimac also provides third party transportation logistics services in Canada and the United States through its wholly owned subsidiary Bulk Plus Logistics.
SOURCE Trimac Transportation Ltd.
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