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Acquisition Of Securities Of Coolbrands International Inc.


Business Editors

TORONTO--(BUSINESS WIRE)--Dec. 22, 2000

Michael Michael, archangel
Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence.
 Serruya, Aaron Aaron (âr`ən), in the Bible, the brother of Moses and his spokesman in Egypt, and the first high priest of the Hebrews. He is presented as the instrument of God in performing many signs, such as the turning of his rod into a serpent and  Serruya, Richard Smith Richard Smith is the name of:
  • Richard Smith (journalist), associate editor of Gay Times magazine
  • Richard Smith (screenwriter/director), BAFTA-winning writer of Trauma
 and David Smith announced that they have acquired, through the facilities of The Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
, an aggregate of 426,000 Class A Subordinate Voting Shares Voting Shares

Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors.

Notes:
Different classes of shares, such as preferred stock, sometimes don't allow for voting rights.
 of CoolBrands CoolBrands International (TSX: COB.A) is a company based in Markham, Ontario, Canada, that makes frozen desserts, sold under a variety of brands. It was known for its Eskimo Pie and Chipwich brands, recently sold to the Dreyer's division of NestlĂ©.  International Inc. (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: COB.A)("CoolBrands").

These shares were purchased for investment purposes.

Michael Serruya currently owns 141,200 Class A Subordinate Voting Shares and options to purchase 253,750 Class A Subordinate Voting Shares. If all of Mr. Serruya's options were converted into Class A Subordinate Voting Shares, he would then hold approximately 1.0% of the outstanding Class A Subordinate Voting Shares.

Aaron Serruya currently owns 135,949 Class A Subordinate Voting Shares and options to purchase 253,750 Class A Subordinate Voting Shares. If all of Mr. Serruya's options were converted into Class A Subordinate Voting Shares, he would then hold approximately 1.0% of the outstanding Class A Subordinate Voting Shares.

Richard Smith currently owns 1,419,467 Class B Multiple Voting Noun 1. multiple voting - the act of voting in more than one place by the same person at the same election (illegal in U.S.)
balloting, vote, voting, ballot - a choice that is made by counting the number of people in favor of each alternative; "there were only 17
 Shares, 85,200 Class A Subordinate Voting Shares and options to purchase 100,000 Class A Subordinate Voting Shares. If all of Mr. Smith's Class B Multiple Voting Shares and options were converted into Class A Subordinate Voting Shares, he would then hold approximately 3.9% of the outstanding Class A Subordinate Voting Shares.

David Stein David Stein can refer to more than one person:
  • David Stein (art forger)
  • David Stein (BDSM writer)
  • David Stein (radio host)
 currently owns 45,138 Class B Multiple Voting Shares and options to purchase 174,144 Class B Multiple Voting Shares, 85,200 Class A Subordinate Voting Shares and options to purchase 624,875 Class A Subordinate Voting Shares. If all of Mr. Stein's Class B Multiple Voting Shares and options were converted into Class A Subordinate Voting Shares, he would then hold approximately 2.3% of the outstanding Class A Subordinate Voting Shares.

David Smith currently owns 288,106 Class B Multiple Voting Shares and options to purchase 174,548 Class B Multiple Voting Shares, 85,200 Class A Subordinate Voting Shares and options to purchase 1,009,546 Class A Subordinate Voting Shares. If all of Mr. Smith's Class B Multiple Voting Shares and options were converted into Class A Subordinate Voting Shares, he would then hold approximately 3.8% of the outstanding Class A Subordinate Voting Shares.

Depending upon market conditions and other factors, Michael Serruya, Aaron Serruya, Richard Smith, David Stein and David Smith may each increase or decrease his beneficial ownership, control or direction over Class B Multiple Voting Shares, Class A Subordinate Voting Shares or other securities of CoolBrands through market transactions, private agreements, treasury issuances, exercise of options or convertible securities or otherwise.

A copy of the early warning report filed in respect of the foregoing may be obtained from the Sedar Website at www.sedar.com or by contacting Sarah Oziel at (905) 479-8762.
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Publication:Business Wire
Date:Dec 22, 2000
Words:465
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