Avarga Limited Moves Forward with Strategic Share Acquisition

Author: Owen Jenkins Updated: 04-14-2025 05:16 PM

Avarga Limited's Strategic Acquisition in Taiga Building Products

Avarga Limited has recently announced a significant move in the market by entering a share purchase agreement to acquire shares of Taiga Building Products Ltd. Through its wholly owned subsidiary, Avarga Canada Limited, the company is set to purchase 2,397,200 common shares, equating to a total buyout price of CDN$10,068,240.

Details of the Acquisition

The transaction, priced at CDN$4.20 per common share, is significant for Avarga Limited as it continues to fortify its investment portfolio. This acquisition is categorized as a private transaction, utilizing the private agreement exemption highlighted in National Instrument 62-104, which pertains to takeover bids and issuer bids.

Ownership and Control

Currently, Avarga Limited holds about 77,708,814 common shares of Taiga, representing around 72.0% of the total outstanding shares. Post-acquisition, the company's stake will rise to approximately 80,106,014 common shares, thereby increasing its ownership percentage to about 74.2%. This increase of approximately 2.2% reflects Avarga’s commitment to expanding its influence within Taiga.

Investment Purpose

The acquisition is part of Avarga Limited's broader strategy aimed at enhancing its investment footprint. The company has indicated that it may consider future adjustments to its beneficial ownership or control of Taiga's securities, depending on market conditions and strategic business goals.

Contact Information for Inquiries

For any additional details regarding this acquisition or to request a copy of the early warning report, interested parties can reach out to Avarga Limited directly. The company’s contact details are as follows:

Avarga Limited
1 Kim Seng Promenade
#13-10 Great World City West Lobby
Singapore 237994

Telephone: (65) 6836 5522
Facsimile: (65) 6836 5500

Frequently Asked Questions

What is the purpose of Avarga Limited's acquisition of Taiga?

The acquisition is aimed at enhancing Avarga Limited’s investment portfolio and market position.

How many shares is Avarga Limited acquiring from Taiga?

Avarga Limited is set to acquire a total of 2,397,200 common shares of Taiga Building Products Ltd.

What will be Avarga Limited's ownership percentage after the acquisition?

After the acquisition, Avarga Limited will hold approximately 74.2% of the total number of issued and outstanding common shares of Taiga.

Will Avarga Limited consider future changes to its shareholding in Taiga?

Yes, Avarga Limited may evaluate options to increase or decrease its beneficial ownership or control of Taiga's securities in the future.

How can I contact Avarga Limited for more inquiries?

Interested parties can contact Avarga Limited via telephone at (65) 6836 5522 or facsimile at (65) 6836 5500 to request more information or early warning reports.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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