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Multiple insider selling at BRP (T:DOO)

Updated Friday Sep 21, 2018 02:56 AM EDT

Claire Beaudoin, a 10% Holder, disposed of 2,949,575 Subordinate Voting Shares on an indirect ownership basis for registered holder Computershare Trust Company of Canada in trust for Beaudier Inc. at a price of US$47.000 through a prospectus or prospectus exempt offering on September 18th, 2018. This represents a $180,108,128 divestment of the company's shares and an account share holdings change of -100.0%.

On the same terms, Bain Capital Luxembourg Investments S.� r.l., a 10% Holder, disposed of 2,416,281 Subordinate Voting Shares on a direct ownership basis. This represents a $147,543,917 divestment of the company's shares and an account share holdings change of -100.0%.

J.R. Andr� Bombardier, a Director and 10% Holder, disposed of 655,416 Subordinate Voting Shares on an indirect ownership basis for registered holder Computershare Trust Company of Canada in trust for 4338618 Canada Inc. This represents a $40,021,274 divestment of the company's shares and an account share holdings change of -100.0%.

BRP is in the Recreational Products Sub Industry Group under the Consumer Cyclicals Sector.

BRP Inc. is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft. The Company's diversified portfolio of brands and products includes Can-Am ATVs, SSVs and roadsters, Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs, and propulsion systems consisting of Evinrude outboard boat engines and Rotax engines for jet boats, karts, motorcycles and recreational aircraft. Additionally, the Company supports its line of products with a parts, accessories and clothing (PAC) business. Its products are sold through a network of dealers, distributors and to original equipment manufacturers.

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Go to BRP Inc. (DOO)'s company page

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