LUXEMBOURG, Nov. 7, 2019 /CNW/ - Following a corporate
reorganization among three companies controlled by a trust settled
by the late Adolf H. Lundin, i.e.
Nemesia S.à.r.l. ("Nemesia"), Lorito Holdings S.à.r.l. ("Lorito")
and Zebra Holdings and Investments S.à.r.l ("Zebra") all of 40,
Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, Nemesia announced today that on
November 6, 2019 it had, pursuant to
a private arrangement, acquired 8,858,335 common shares of
International Petroleum Corp. ("Intl Petroleum") (TSX: IPCO
- Nasdaq Stockholm:IPCO) representing approximately 5.41 % of the
outstanding shares of Intl Petroleum with 3,022,017 common shares
acquired from Lorito, 3,192,541 common shares from Zebra and
2,643,777 additional common shares from Landor Participations Inc.
(controlled by another Lundin family trust). The purchases and
sales were executed at the price of SEK38.90 (Cdn$5.3293) through the facilities of the NASDAQ
Stockholm for a total consideration of SEK344,589,231.50 (Cdn$47,208,724.72).
The purchase of the shares was made pursuant to the private
agreement exemption set forth in Item 4.2. of the National
Instrument 62-104 as it was a purchase from not more than 5 persons
in the aggregate, and the price paid for the shares, including
brokerage fees or commissions, was not greater than 115 % of the
simple average closing price of the last 20 days of trading
preceding the acquisition of the shares.
As a result of these acquisitions, Nemesia now holds 38,063,915
common shares or approximately 23.25% of the issued and outstanding
common shares of Intl Petroleum whereas Lorito following the
disposal no longer holds any shares or 0% and Zebra now holds
2,633,618 common shares or 1.61% of the outstanding common shares
of the Company. Collectively, the three companies, fully owned by
the same Trust, now hold and control a total of 40,697,533 common
shares or approximately 24.86% of the issued and outstanding share
capital of Intl Petroleum.
Nemesia, Lorito and Zebra are joint actors with respect to their
common shares of Intl Petroleum. Nemesia acquired the common shares
of Intl Petroleum for investment purposes. Each of Nemesia, Lorito
and Zebra may from time to time make future investment in or
dispose of common shares of Intl Petroleum depending upon the
business and prospects of Intl Petroleum and depending upon future
market conditions.
A copy of the Early Warning Report filed pursuant to National
Instrument 62-103 may be obtained from Sandy Kansky, 1-604-806-3574
SOURCE Nemesia S.a.r.l.