Cott Corporation makes an announcement.TORONTO--(BUSINESS WIRE)--Oct. 11, 1996--Cott Corporation (NNM NNM Network Node Manager NNM NASDAQ National Market (financial) NNM National Nutrition Month (March; American Dietetic Association) NNM Naryan-Mar (Russia) NNM Net New Money :COTTF, TSE/ME: BCB BCB Banco Central do Brasil (Brazil's central bank) BCB Borland C++ Builder BCB Bangladesh Cricket Board BCB Benzocyclobutene (low loss dielectric substrate) BCB Bumiputra-Commerce Bank BCB Broadcast Band ) today announced that it has been advised by Gerald N. Pencer, its Chairman, Chief Executive Officer and principal shareholder, that he intends to sell 581,644 common shares of the Corporation representing less than 5% of his current holdings. The sale will position him to purchase approximately 1,200,000 shares of the Corporation by exercising stock options which are expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. over the next nine months as well as achieving certain tax and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the objectives. Pencer's sale and exercise of options will increase his holdings by approximately 600,000 shares. CONTACT: Cott Corporation William M. Smith, Vice President and Treasurer 416/203-3898, 800/793-5662 |
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