Clairvest Group Inc. Company Update.TORONTO--(BUSINESS WIRE)--Oct. 1, 1997--Clairvest Group Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CVG CVG Convergys Corp CVG Corporación Venezolana de Guayana CVG Clear Vertical Grain (woodworking) CVG Carrier Group CVG Corporacion Venezolana de Guyana CVG Comprehensive Video Group (South Hackensack, NJ, USA) ) Clairvest announced today that it has acquired 500,000 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 Consoltex Group Inc. for $4.50 per share pursuant to private agreement purchases effected on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . Prior to this purchase, Clairvest owned 5,699,300 subordinate voting shares of Consoltex. As a result of the above described transaction, Clairvest holds approximately 36.4 percent of the outstanding equity securities of Consoltex and approximately 21 percent of the votes attached to all outstanding voting securities of Consoltex. Clairvest may acquire additional subordinate voting shares of Consoltex in the open market or by private agreement, either alone or with others, as opportunities may arise. Geoffrey G. Briant, President CONTACT: Clairvest Group Inc. Ken Rotman, 416/925-9270 ext. 334 |
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