Marcel Bourassa, CEO, Director and 10% Holder, acquired 306,667 Common Shares on a direct ownership basis at a price of $13.500 through a prospectus or prospectus exempt offering on April 24th, 2019. This represents a $4,140,004 investment into the company's shares and an account share holdings change of greater than 100%.
In addition, Jean-Marie Bourassa, CFO, Director and 10% Holder, acquired 23,667 Common Shares on an indirect ownership basis for registered holder 9099-1258 Qu?bec Inc. This represents a $319,504 investment into the company's shares and an account share holdings change of 0.2%.
Sebastien Bourassa, a Senior Officer and Director, acquired 23,666 Common Shares on a direct ownership basis. This represents a $319,491 investment into the company's shares and an account share holdings change of 20.0%.
Savaria is in the Heavy Electrical Equipment Sub Industry Group under the Industrials Sector.
Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use. The products are manufactured, assembled and customized at the Brampton (Ontario) plant, and are offered through a network of over 300 retailers, which are primarily located in North America. The Adapted Vehicles segment converts and adapts minivans through its subsidiaries. The subsidiaries offer models with rear entry, side entry or dual entry for people with mobility challenges. It makes vans accessible to wheelchairs through a ramp and a lowered floor. Adapted Vehicles can be used for personal use or commercial use (taxis).
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