Linamar Corporation
TSX : LNR

Linamar Corporation

November 16, 2005 08:54 ET

Linamar Corporation: Frank Hasenfratz Exercises Options to Acquire 650,000 Common Shares

GUELPH, ONTARIO--(CCNMatthews - Nov. 16, 2005) - Frank Hasenfratz, the Chairman of Linamar Corporation ("Linamar") (TSX:LNR) announced today that he has exercised previously granted options to purchase 650,000 common shares of Linamar. The 650,000 common shares purchased by Mr. Hasenfratz represent approximately 0.91% of the outstanding common shares of Linamar (after giving effect to the options exercise).

As a result of the transaction, Mr. Hasenfratz, together with 975904 Ontario Inc. and Hasenfratz Investments Ltd., companies controlled by Mr. Hasenfratz, own or exercise control or direction over 14,856,300 common shares, or approximately 20.83% of the outstanding common shares of Linamar (after giving effect to the options exercise).

Mr. Hasenfratz exercised the options to purchase the common shares for investment purposes, prior to the expiry of the options. None of Mr. Hasenfratz, 975904 Ontario Inc. or Hasenfratz Investments Ltd. has a present intention to acquire additional common shares of Linamar.

Contact Information

  • Frank Hasenfratz
    c/o Linamar Corporation
    287 Speedvale Avenue W.
    Guelph, Ontario
    N1H 1C5
    (519) 836-7550