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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Cargojet Inc    CJT   CA14179V5036

CARGOJET INC

(CJT)
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Cargojet : Early Warning Report Filed in connection with Sale by Cargojet CEO of a Portion of his Personal Holdings for Estate Planning and Charitable Giving Purposes

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09/12/2019 | 09:29am EDT

In connection with the sale by Ajay Virmani, President and Chief Executive Officer, of 674,000 common voting shares of Cargojet Inc. ('Cargojet' or the 'Corporation') (TSX:CJT) held through The Virmani Family Trust, Mr. Virmani filed an early warning report with applicable Canadian securities regulatory authorities.

The sale was facilitated on the NEO Exchange by a Canadian investment dealer through a block trade arrangement.

The sale of 674,000 common voting shares at $101 per share for aggregate proceeds of $68,074,000, represents approximately 4.95% of the Corporation's common and variable voting shares (together, the 'Voting Shares') currently issued and outstanding, on a partially diluted basis. Immediately prior to the sale of shares, Mr. Virmani owned or controlled, directly or indirectly, 1,621,115 Voting Shares, assuming the exercise, conversion or settlement of securities for Voting Shares held by him, representing 11.89% of the currently issued and outstanding Voting Shares, on a partially diluted basis. Immediately after the sale of shares, Mr. Virmani owns or controls, directly or indirectly, 947,115 Voting Shares, assuming the exercise, conversion or settlement of securities for Voting Shares held by him, representing 6.94% of the currently issued and outstanding Voting Shares, on a partially diluted basis.

Contact:

Tel: (416) 518 0427

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (CAD)
Sales 2019 495 M
EBIT 2019 58,6 M
Net income 2019 17,6 M
Debt 2019 708 M
Yield 2019 0,90%
P/E ratio 2019 95,6x
P/E ratio 2020 79,6x
EV / Sales2019 4,07x
EV / Sales2020 3,54x
Capitalization 1 309 M
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Technical analysis trends CARGOJET INC
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 115,40  CAD
Last Close Price 99,47  CAD
Spread / Highest target 36,7%
Spread / Average Target 16,0%
Spread / Lowest Target -9,52%
EPS Revisions
Managers
NameTitle
Ajay K. Virmani President & Chief Executive Officer & Director
James R. Crane Non-Executive Chairman
John Kim Chief Financial Officer, Secretary & VP-Governance
Jamie B. Porteous Director, Chief Commercial Officer & EVP
Paul Victor Godfrey Independent Director
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