Manjis Holdings Ltd. Ownership Position in Amica Mature Lifestyles Inc.
Vancouver, British Columbia (FSCwire) - Manjis Holdings Ltd. (“MHL”), located at 10th Floor, 1111 Melville St., Vancouver, British Columbia V6E 3V6, announces the ownership of a total of 6,126,723 common shares of Amica Mature Lifestyles Inc. (“Amica”), representing 19.89% of the outstanding Amica common shares. The obligation to file this news release arises as a result of the restructuring of MHL and a consequential change in how MHL, Samir Manji, the Chairman and CEO of Amica, and Salim Manji, a director of Amica, report their beneficial ownership of, or control or direction over, Amica common shares (the “Occurrence”). Samir and Salim Manji are both directors and officers of MHL and together hold approximately 80% of the outstanding shares of MHL. MHL beneficially owns, controls or directs Amica common shares for investment purposes only. MHL may in the future acquire or dispose of securities of Amica through the market, privately or otherwise, as circumstances or market conditions warrant. As a result of the Occurrence, Samir has reported a reduction of 2,450,689 Amica common shares beneficial owned, or controlled or directed, by him, resulting in him beneficially owning, or controlling or directing, 216,112 Amica common shares, representing approximately 0.7% of the currently outstanding Amica common shares. As a result of the Occurrence, Salim has reported a reduction of 2,450,689 Amica common shares beneficial owned, or controlled or directed, by him, resulting in him beneficially owning, or controlling or directing, 311,336 Amica common shares, representing approximately 10.1% of the currently outstanding Amica common shares. The Occurrence did not occur through any market. No consideration was paid for Amica common shares in connection with the Occurrence.
For further information or to obtain a copy of the Early Warning Report filed by MHL please contact Samir Manji, Director at 604-608-6200.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/manjis10212014.pdf
Source: Manjis Holdings Ltd. (TSX:ACC)
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