(MENAFN Editorial) LAVAL, QC, Dec. 12, 2017 /PRNewswire/ -Alimentation Couche-Tard Inc. ("Couche Tard" or the "Corporation") (TSX: ATD.A ATD.B) announces today that Mr.Alain Bouchard, Founder and Executive Chairman of the Board of directors, has informed the Corporation of his intention to sell 200,000 Class B subordinated voting shares that he holds, 300,000 ClassB subordinated voting shares held by 9330-4103 Québec Inc. for financial planning purposes and 400,000ClassB subordinated voting shares held by the Fondation Sandra et Alain Bouchard, in order to meet donation commitments.
Should the sales be completed as intended, Mr. Bouchard will own directly or indirectly a total of 57,676,422 Class A multiple voting shares and 8,013,002 Class B subordinated voting shares of the Corporation.
Mr.Bouchard has filed today the regulatory notice with the securities commissions with respect to these intended sales of shares which will be sold on the Toronto Stock Exchange.In compliance with the applicable regulations, no sale will occur prior to December19,2017. Such sales may occur thereafter over a period of 30 days, subject to applicable blackout periods of the Corporation.
About Alimentation Couche-Tard Inc.Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of the number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries (Norway, Sweden and Denmark), in the Baltic countries (Estonia, Latvia and Lithuania), and in Ireland and also with an important presence in Poland.
As of October 15, 2017, Couche-Tard's network comprised 9,465 convenience stores throughout North America, including 8,135stores with road transportation fuel dispensing. Its North American network consists of 18business units, including 14in the United States covering 41states and 4 in Canada covering all 10 provinces. Approximately 95,000 people are employed throughout its network and at its service offices in North America. In addition, through CrossAmerica Partners LP, Couche-Tard supplies road transportation fuel under various brands to more than 1,200locations in the United States.In Europe, Couche-Tard operates a broad retail network across Scandinavia, Ireland, Poland, the Baltics and Russia through ten business units. As of October 15, 2017, Couche-Tard's network comprised 2,750 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated fuel stations which only offer road transportation fuel. Couche-Tard also offers other products, including stationary energy, marine fuel, aviation fuel and chemicals. Including employees at branded franchise stores, approximately 25,000 people work in its retail network, terminals and service offices across Europe.
In addition, under licensing agreements, more than 1,800 stores are operated under the CircleK banner in 14other countries and territories (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Macau, Malaysia, Mexico, the Philippines, Saudi Arabia, the United Arab Emirates and Vietnam), which brings the worldwide total network to more than 15,200 stores.For more information on Alimentation Couche-Tard Inc. or to consult its quarterly Consolidated Financial Statements and Management Discussion and Analysis, please visit: .
Forward-Looking StatementsSOURCE Alimentation Couche-Tard Inc.
Related Links
MENAFN1212201700701241ID1096226162