Donald Creighton Rae Sobey, a 10% Holder, acquired 87,762 Common Shares Class B on an indirect ownership basis for registered holder Sumac Holdings Limited at a price of $22.760 through a private transaction on November 7th, 2017. This represents a $1,997,463 investment into the company's shares and an account share holdings change of 0.3%.
Dunvegan Holdings Ltd., a 10% Holder, acquired 82,649 Common Shares Class B on a direct ownership basis at a price of $22.760 through a private transaction on the same day. This represents a $1,881,091 investment into the company's shares and an account share holdings change of 0.3%.
Also on the same day, David Frank Sobey, a 10% Holder, acquired 79,589 Common Shares Class B on an indirect ownership basis for registered holder DFS Investments Limited at a price of $22.760 through a private transaction. This represents a $1,811,446 investment into the company's shares and an account share holdings change of 0.3%.
Empire Company is in the Food Retail & Distribution Sub Industry Group under the Consumer Non-Cyclicals Sector.
Empire Company Limited is engaged in the business of food retailing and related real estate. The Company's segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc., which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton's Drug Stores, as well as more than 350 retail fuel locations. The Company's Investments and Other Operations segment includes equity accounted interest in Crombie REIT, which is an open-ended real estate investment trust owning a portfolio of over 260 retail and office properties across Canada, and equity accounted interests in Genstar Development Partnership, Genstar Development Partnership II, GDC Investments 4, L.P., GDC Investments 6, L.P., GDC Investments 7, L.P., GDC Investments 8, L.P. and The Fraipont Partnership (collectively, Genstar). Empire Company Limited (EMP) has a high amount of executive buying compared to its large-cap peers in the market over the past three months. According to recent regulatory filings, three insiders have invested a total amount of $5,690,000.
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