Premier Tech

Premier Tech

November 18, 2008 17:36 ET

Premier Tech Ltd Acquires Additional Units of Sun Gro Horticulture Income Fund

RIVIERE-DU-LOUP, QUEBEC--(Marketwire - Nov. 18, 2008) - Premier Tech Ltd. ("Premier Tech") today announced that it acquired, through the facilities of the Toronto Stock Exchange, an aggregate of 2,230,000 trust units (the "Purchased Units") of Sun Gro Horticulture Income Fund (the "Trust") at a price of $1.9757 per unit.

As of November 18, 2008, the Purchased Units, together with 2,190,990 trust units already owned and controlled by Premier Tech and 10 trust units owned and controlled by a joint actor of Premier Tech, being Gestion Bernard Belanger ltee, represented 19.84% of the outstanding trust units of the Trust. Premier Tech acquired the Purchased Units for investment purposes, but reserves its rights to increase or decrease its holdings in the Trust at any time by acquiring or disposing of trust units in the open market, by private agreement or otherwise.

CORPORATE PROFILE

For 85 years now, Premier Tech has been building its know-how and reputation on the various technology-oriented opportunities offered by sphagnum peat moss, an abundant natural resource in Canada. Its seven business units, gathered in three groups - Horticulture and Agriculture, Industrial Equipment and Environmental Technologies - have the mission to become technological and commercial leaders in their respective fields of expertise. Buoyed by a multidisciplinary team of over 1 600 people located in America, Europe and Asia, Premier Tech is building on the development of its personnel, on innovation, research and development, and on the introduction of value-added products. Its strategic approach is supported by ongoing worldwide market development efforts.

Contact Information

  • Premier Tech
    Lynn Maurais
    Corporate Office Director
    418-867-8883, extension 6336
    418-862-6642 (FAX)
    maul@premiertech.com