Ned Goodman

October 29, 2009 17:43 ET

Ned Goodman-Press Release

TORONTO, ONTARIO--(Marketwire - Oct. 29, 2009) - Ned Goodman, President and Chief Executive Officer of Dundee Corporation ("Dundee Corp." or the "Company")(TSX:DC.A) announced today that he has completed a private share exchange agreement with the Company's Executive Benefit Plan Trust. The transaction allows for Mr. Goodman's registered retirement plan to exchange 500,805 Class A subordinate voting shares of Dundee Corp. ("Class A Shares") for 500,805 Class B common shares ("Class B shares") of the Company which were previously under option. The transaction was overseen and approved by the independent Compensation Committee of the Board of Directors of Dundee Corp. who received a third party opinion. Following this transaction, Mr. Goodman owns an aggregate of 2,033,680 Class A shares and 3,056,583 Class B Shares which represents an approximate 80% voting interest in Dundee Corp.

Contact Information

  • Dundee Corporation
    Ned Goodman
    President and Chief Executive Officer
    (416) 365-5665