Paviter Singh Binning, a Director and 10% Holder, disposed of 235,926 exercised Options and the same number of Common Shares on a direct ownership basis at a price of $107.014 on August 19th, 2019. This represents a $25,247,456 divestment of the company's shares and an account share holdings change of -75.0%.
Also exercising Options and selling:
Richard Dufresne, CFO, disposed of 31,478 Common Shares on a direct ownership basis at prices ranging from $106.926 to $106.941 on August 16th, 2019. This represents a $3,366,056 divestment of the company's shares and an account share holdings change of -96.9%.
Rashid Wasti, a Senior Officer, disposed of 16,352 Common Shares on a direct ownership basis at prices ranging from $106.097 to $107.104 between August 15th, 2019 and August 16th, 2019. This represents a $1,741,297 divestment of the company's shares and an account share holdings change of -61.6%.
George Weston is in the Food Retail & Distribution Sub Industry Group under the Consumer Non-Cyclicals Sector.
George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America. The Loblaw segment, which is operated by Loblaw Companies Limited, is a food and pharmacy retailer, and the majority unitholder of Choice Properties. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, retail banking, credit card services, insurance and wireless mobile products and services. Choice Properties owns, develops and manages income-producing retail and commercial properties.
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