Published:
Frank Hasenfratz Purchases Shares of Linamar Corporation
Frank Hasenfratz, Chairman of Linamar Corporation ("Linamar") (TSX: LNR), announced today that he has purchased 250,000 common shares of Linamar through the facilities of the Toronto Stock Exchange. The 250,000 common shares purchased by Mr. Hasenfratz represent approximately 0.37% of the issued and outstanding common shares of Linamar.
Prior to the transaction, Mr. Hasenfratz owned or exercised control or direction over 14,866,800 common shares, or approximately 22.13% of the issued and outstanding common shares of Linamar. As a result of the transaction, Mr. Hasenfratz owns or exercises control or direction over 15,116,800 common shares, or approximately 22.49% of the issued and outstanding common shares of Linamar.
Mr. Hasenfratz owns and controls his shares of Linamar, personally and through 975904 Ontario Inc. and Hasenfratz Investments Ltd., a wholly-owned direct subsidiary of 975904 Ontario Inc.
Mr. Hasenfratz purchased 16,400 shares of Linamar on July 3, 2008 and subsequently sold 5,900 shares the same day for a net gain of 10,500 shares.
The common shares of Linamar were acquired for investment purposes. Mr. Hasenfratz may acquire additional shares of Linamar, subject to price and availability. Mr. Hasenfratz feels this is a good investment at this time.
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