This press release is issued pursuant to Multilateral Instrument
62-104 Take-Over Bids and Issuer Bids and National
Instrument 62-103 The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues.
TORONTO, June 17,
2024 /CNW/ - Marshall-Barwick Inc.
("Marshall-Barwick")
confirms ownership and disposition of securities of ADF Group Inc.
(the "Issuer").
On June 14, 2024,
Marshall-Barwick completed the
disposition of an aggregate of 156,900 subordinate voting shares of
the Issuer (the "Subordinate Voting Shares"), representing
approximately 0.86% of the issued and outstanding Subordinate
Voting Shares, in the open market through the facilities of the
Toronto Stock Exchange (the "Disposition").
Marshall-Barwick previously
completed the disposition of an aggregate of 36,500 Subordinate
Voting Shares, representing approximately 0.20% of the issued and
outstanding Subordinate Voting Shares, in the open market through
the facilities of the Toronto Stock Exchange (together with the
Disposition, collectively, the "Dispositions").
As a result of the Dispositions, Marshall-Barwick has
beneficial ownership of, or control and direction over, an
aggregate of 1,679,600 Subordinate Voting Shares, representing
approximately 9.18% of the issued and outstanding Subordinate
Voting Shares as of the date hereof. Prior to completion of the
Dispositions, Marshall-Barwick had
beneficial ownership of, or control and direction over, an
aggregate of 1,873,000 Subordinate Voting Shares, representing
approximately 10.24% of the issued and outstanding Subordinate
Voting Shares.
Marshall-Barwick and/or one or
more of its joint actors (as such term is defined in National
Instrument 62-103 The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues) may, depending on market and
other conditions, increase or decrease its beneficial ownership of
Subordinate Voting Shares or other securities of the Issuer whether
in the open market, by privately negotiated agreement or
otherwise.
The Issuer is located at 300 Henry-Bessemer Street, Terrebonne, Québec, J6Y 1T3, Canada. Marshall-Barwick is located at 1 Sparks Avenue,
Toronto, Ontario, M2H 2W1,
Canada. A copy of the early warning report to which this news
release relates can be obtained from Jeff
Major (416-225-6240) or on the SEDAR+ profile of the Issuer
at www.sedarplus.ca.
SOURCE Marshall-Barwick Inc.