Alberta Wheat Pool/Manitoba Pool Elevators acquire shares of United Grain Growers.CALGARY, ALBERTA AND WINNIPEG, MANITOBA--(BUSINESS WIRE)-- Feb. 14, 1997--Alberta Pool Manitoba Pool Alberta Wheat Pool The Alberta Wheat Pool is the first of Canada's wheat farmer co-operatives. History Early years In 1923, the United Farmers of Alberta met with then Premier Brownlee to consider setting up a Wheat Pool just in Alberta. and Manitoba Pool Elevators announced today that on February 12 and 13, 1997 they jointly acquired 255,500 of the limited voting Limited voting is a voting system in which electors have fewer votes than there are positions available. The positions are awarded to the candidates who receive the most votes absolutely. common shares of United Grain Growers United Grain Growers, or UGG, was a Canadian grain distributor. Founded in 1906 in Winnipeg, UGG was active in grain sales, crop inputs and livestock production services. Limited. 3339351 Canada Ltd., a company jointly owned by the Alberta and Manitoba Pools, acquired the shares 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. . 3339351 Canada Ltd. now owns 1,872,200 shares of UGG UGG You Go Girl UGG United Grain Growers, Ltd. (Canada) UGG Urban Golf Gear (clothing brand) UGG Underground Groovement (Finland band) representing approximately 14.98 percent of the issued and outstanding shares. The Pools may acquire additional limited voting common shares or dispose of their investment depending on market conditions. This is an opportunity for the two Pools to take a leading position in working with UGG to shape the future of the grain industry in Western Canada
Western Canada, commonly referred to as the West . The Pools will discuss plans for the future with their delegates within the month. The Alberta and Manitoba Pools are farmer-owned cooperatives that handle and market grain, seeds and oilseeds both domestically and internationally. Fully integrated grain handling, marketing and agri-business services are offered to farmers through a network of grain elevators and agro-centres located throughout the agricultural regions of Western Canada. Griffiths McBurney & Partners is acting as financial advisor to Alberta Pool and Manitoba Pool Elevators. CONTACT: Alberta Wheat Pool Dale Riddell, 403/ 290-4735 403/290-4839 (FAX) or Manitoba Pool Elevators Charles H. Swanson, 204/ 947-1171 204/934-0529 (FAX) |
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