IBI Group Management Partnership II and IBI Group Investment Partnership Complete Sale of 850,000 Common Shares of IBI Group Inc.
TORONTO, ONTARIO–(Marketwired – Dec. 27, 2017) - IBI Group Management Partnership II (“GMPII”) and IBI Group Investment Partnership (“GIP” and together, the “Management Partnerships”) completed the sale of 853,053 common shares (“Shares”) of IBI Group Inc. (“IBI”) at a price of C$7.85 per share for total proceeds of C$6,696,466. The disposition was effected through the facilities of the Toronto Stock Exchange by way of cross trades to two institutional investors on December 21, 2017. In connection with the transaction, the Management Partnerships paid a brokerage commission in the amount of C$17,016.