Philip C. Deck

April 11, 2007 17:14 ET

Philip C. Deck Announces Acquisition of Common Shares of MKS Inc. (TSX:MKX)

TORONTO, ONTARIO--(CCNMatthews - April 11, 2007) - Philip C. Deck, of 36 Roxborough Street East, Toronto today announced that he acquired ownership of 44,900 common shares of MKS Inc. ("MKS" or the "Company") pursuant to an open market trade on the Toronto Stock Exchange.

Mr. Deck is the Chairman and Chief Executive Officer of the Company.

Immediately following this acquisition, Mr. Deck exercised beneficial ownership of, or the power to exercise control or direction over, an aggregate of 4,962,772 common shares of MKS, representing approximately 9.8% of the issued and outstanding common shares of the Company.

In addition, Mr. Deck exercises beneficial ownership of, or the power to exercise control or direction over, securities convertible into 1,361,012 common shares of MKS, represented by stock options that have been issued pursuant to the Company's stock option plan. If Mr. Deck were to convert all of these convertible securities into common shares of MKS, he would exercise beneficial ownership of, or the power to exercise control or direction over, an aggregate of 6,323,784 common shares, representing approximately 12.5% of the then issued and outstanding common shares of the Company.

The common shares of MKS were acquired by Mr. Deck for investment purposes. Mr. Deck may from time to time acquire additional securities of MKS, dispose of some or all of the existing or additional securities that he holds or will hold, or many continue to hold his current position. These transactions may take place on the open market or by private agreement and will depend on market conditions for securities of MKS and other factors.

Mr. Deck has concluded that he has no joint actors but that he exercises control or direction over securities of the Company owned by Gennova Capital Corp. in which he holds 100% ownership.

Contact Information

  • MKS Inc.
    Philip C. Deck
    Chairman & CEO
    (519) 883-3255
    410 Albert Street
    Waterloo ON, N2L 3V3