Between December 18 and December 24, 2020, David Brereton, Executive Chairman of Tecsys Inc. ('Tecsys') donated or sold (the 'Dispositions'), directly and through his holding company, Dabre Inc. ('Dabre'), an aggregate of 300,000 common shares of Tecsys ('Shares').
The Shares sold by Mr. Brereton and Dabre were sold through the facilities of the Toronto Stock Exchange ('TSX') at prices ranging from $46.50 to $48.65 per Share, for aggregate gross proceeds realized from the sale of Shares on TSX of approximately $9,340,690.
Immediately prior to the Dispositions, Mr. Brereton beneficially owned, directly and through Dabre, an aggregate of 1,812,138 Shares, and options (the 'Options') to purchase 161,082 Shares, and Ms. Kathryn Ensign-Brereton beneficially owned 1,029,102 Shares. Together, they beneficially owned an aggregate of 2,841,240 Shares and Options to purchase 161,082 Shares, representing 19.70% of the 14,419,043 issued and outstanding Shares on a non-diluted basis, and 20.59% of the issued and outstanding Shares on a partially-diluted basis, assuming exercise of the Options held by Mr. Brereton only. Following the Dispositions, Mr. Brereton beneficially owns, directly and through Dabre, an aggregate of 1,512,138 Shares and Options to purchase 161,082 Shares, and Ms. EnsignBrereton beneficially owns 1,029,102 Shares. Together, they beneficially own an aggregate of 2,541,240 Shares and Options to purchase 161,082 Shares, representing 17.62% of the 14,419,043 issued and outstanding Shares on a non-diluted basis, and 18.53% of the issued and outstanding Shares on a partially-diluted basis, assuming exercise of the Options held by Mr. Brereton only. As Executive Chairman of the board of directors and the largest shareholder of Tecsys, Mr. Brereton is and will continue to be actively involved in Tecsys' business. The Shares beneficially owned by Mr. Brereton and Ms. Ensign-Brereton are held for investment purposes. Each of them intends to review on a continuing basis his or her investment in Tecsys and may, depending on market and other conditions, increase or decrease his or her beneficial ownership of securities of Tecsys through market transactions, private agreements, public offerings or otherwise.
Tecsys Inc. is a Canada-based supply chain management solutions company. The Company is engaged in the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. The Company also provides related consulting, education, and support services. It operates in one segment, which is engaged in the development and marketing of enterprise-wide distribution software and related services. Its supply chain solutions include Elite enterprise, Elite healthcare, Omni Retail, Streamline, warehouse and transportation management, and order management. It offers a range of services including Implementation, support services, system enhancement, cloud services and advisory services. Its Omni OMS is a cloud-native software-as-a-service (SaaS) order management system designed to control the movement of order data and goods between virtual and physical ecosystems.
TECSYS INC. 