CALGARY, ALBERTA--(Marketwired - May 16, 2014) - Sentgraf Enterprises Ltd. ("Sentgraf") advises today that the percentage of outstanding Class II Voting Shares of ATCO Ltd. held by Sentgraf Enterprises Ltd. has increased by 2.31% since March 24, 2004, to 83.92%. The percentage increase was caused by third parties converting Class II Voting Shares of ATCO Ltd. into Class I Non-Voting Shares. The Class II Voting Shares are convertible into Class I Non-Voting Shares on a one-for-one basis at the option of the holders. The increase in Sentgraf's percentage ownership of the Class II Voting Shares was not the result of any action taken by Sentgraf or ATCO Ltd. This report is filed pursuant to technical disclosure requirements under applicable securities laws as a result of the change in Sentgraf's securityholding percentage described above.
Following the Class II Voting Share conversions, and after giving effect to the two-for-one share split of the Class II Voting Shares of ATCO Ltd. in June 2013, Sentgraf currently owns 11,447,520 Class II Voting Shares (83.92% of the Class II Voting Shares). Sentgraf, acting jointly with Ronald D. Southern, currently owns and controls 11,451,520 Class II Voting Shares (83.95% of the Class II Voting Shares).
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 this change in ownership percentage 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.