Eurocontrol Technics Ord EUCTF

SIPCA buys more shares

[lscfa]

Acquisition of Shares of Eurocontrol Technics Group Inc.

 

 

PRILLY, SWITZERLAND--(Marketwired - July 19, 2016) - SICPA Finance SA ("SICPA") announces its purchase yesterday of 436'500 common shares of Eurocontrol Technics Group Inc. ("Eurocontrol"), through the facilities of the TSX Venture Exchange. This represents 0.47% of the outstanding common shares. The purchases increased SICPA's ownership of common shares of Eurocontrol from 11,150,000, 11.999% of the outstanding common shares, to 11,620,000, 12.47% of the outstanding common shares. The purchases were made at a price of $0.185 per share, the total cost being $80,752.50. The purchase was made for investment purposes and with the intention of seeking to obtain a representative on Eurocontrol's board of directors. SICPA may make additional purchases or sales of Eurocontrol common shares as circumstances warrant.

Eurocontrol's head office is located at 365 Bay Street, Suite 400, Toronto, Ontario, M5H 2V1.

For further information or to obtain a copy of the early warning report which will be filed under applicable Canadian securities laws in connection with the above, please see Eurocontrol's profile on the SEDAR website at www.sedar.com.

 

 

 

CONTACT INFORMATION

•  

  SICPA Finance SA
  Remi Oudinot
  Communications Manager
  Av. de Florissant 41, 1008 Prilly, Switzerland
  [phone]

[Ringert]

Hopefully they will acquire enough shares to get a representative on the board ASAP. EUO is in need of some experience and professionalism, which a representative of SICPA hopefully can!

[TradeCraze]

Annndddd they picked up another 40k shares today...this time at 0.19. They really want on the board. I think this is one of the only times they paid 0.19 for their shares. Usually they try to get in at 0.18 or 0.185. Whatever the case may be, them wanting to get on the board has kept the share price consolidating very nicely for the past few months. They could easily bring the price down if they

[Trooperhobo]

Interesting...so by now, SIPCA should have paid the $750K to EUO, and I think by early September(if they don't know by now) EUO will know if the 5% payment exceeds the $750k. If SIPCA is willing to begin to buy higher, adn they've signalled they want to be on the board, seems to me that the 5% payment is larger than the $750K.  The market has only priced in the minimum payment (at a

[Spiegel62]

Isnt that sort of insider trading ?? 

[1stRule]

What will be more ammusing is when SIPCA ends up voting to approve a dividend and then is essentially paying themselves for using EUO.

[frs1960]

Anyway, each time they pay the famous 5 % they indirectly receive back 1/8 of this amount (+ 1/8 of the other EUO 's earnings, espacially on Xenemetrix sales). SICPA is rich and money sticks to the rich people. I wish the same for everybody on this board. Be strong stay long.