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Ontex Group NV: Ontex: Transparency Declaration Notification
Regulatory News:
Ontex Group NV (BSE:ONTEX) ( Ontex ) discloses the notification of significant shareholdings that it has received according to the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies.
On April 22, 2021, Groupe Bruxelles Lambert, and its affiliated entities, notified Ontex that it holds, as a result of the acquisition of voting securities or voting rights, 16,454,453 shares in Ontex and has so crossed above the threshold of 15.00% of voting securities in Ontex on April 20, 2021 to 19.98%.
According to its obligation Ontex publishes the content of the notification that it has received.
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Power Corp. paid Paul Desmarais Jr. and André Desmarais nearly $2.9-million apiece in 2020 as the two left their co-chief executive officer roles in a reorganization.
The figures include stock-option awards of nearly $1.7-million apiece, granted a week after they left their executive jobs in February, 2020, to remain on the company’s board as chairman and deputy chairman, respectively. The awards were part of a number of sizable option grants to executives to provide multiyear incentives, including $6-million in options for new CEO Jeffrey Orr, Power said.
Power completed a restructuring last year that saw it privatize its Power Financial Corp. subsidiary, long a separate TSX-listed company. The reorganization came after years of flat stock-price returns and shareholder discontent that saw a growing number of votes withheld from the Desmarais brothers in each year’s director elections.
CanadaChristopher-katsarovPaul-desmarais-jrJeffrey-orrGregoryd-tretiakPower-financial-corpPower-corpDesmarais-family-residuaryPaul-desmaraisPower-financialDesmarais-family-residuary-trustகனடா