Sentgraf Enterprises Ltd.

November 16, 2009 20:21 ET

Sentgraf Enterprises Ltd. Announces Purchase of Additional Shares of ATCO Ltd.

CALGARY, ALBERTA--(Marketwire - Nov. 16, 2009) - Sentgraf Enterprises Ltd. ("Sentgraf") announces today that it has beneficially purchased an additional 1,182,194 Class I Non-Voting Shares of ATCO Ltd. ("ATCO"), including through normal course purchases on the Toronto Stock Exchange, since September 6, 2005. Such purchases represent an additional 2.3% of the outstanding Class I Non-Voting Shares of ATCO. Sentgraf made these purchases for investment purposes. Sentgraf now owns 12,615,818 Class I Non-Voting Shares of ATCO, representing 24.6% of its outstanding Class I Non-Voting Shares.

Some of the purchases were subject to Section 4.2 of Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids. Such purchases were made from three shareholders, the offers to purchase were not made generally to the holders of Class I Non-Voting Shares of ATCO, and the value of the shares acquired, including brokerage fees and commissions (of which there were none) is not greater than 115% of the market price of the securities at the date of the purchases as determined in accordance with Section 1.11 of Multilateral Instrument 62-104.

This Press Release is being issued in compliance with securities regulatory requirements which require disclosure from a controlling shareholder for each 2% increase in its shareholdings. Additional information regarding these purchases by Sentgraf may be obtained from the securities commissions or similar authorities in Canada through the Canadian System for Electronic Document Analysis and Retrieval website at www.sedar.com.

Contact Information

  • Sentgraf Enterprises Ltd.
    S.R. (Susan) Werth
    Secretary
    (403) 292-7553