Kingsferry Capital Management Group sells common shares of Canadian company

BVI-regulated investment management company Kingsferry Capital Management Group Limited announced that it has sold 752,000 common shares of Canada-based Home Capital Group Inc. These common shares, sold on behalf of a managed account during the period between 13 and 15 of November, 2019 at an average price of C$34.02 per common share for gross proceeds of C$25,580,549, represent approximately 1.31% of the issued and outstanding common shares.

Prior to the sales transaction, the BVI group controlled over 6,364,800 common shares, which represented approximately 11.10% of the issued and outstanding common shares, and as a result of the disposition it exercises control and direction of over 5,612,800 common shares (approximately 9.79% of the issued and outstanding common shares). As Kingsferry Capital now controls or directs less than 10% of the common shares, it is no longer a “reporting insider” and also is not subject to early warning reporting obligations.