P. Peter Pascali's Strategic Shareholding Update at PyroGenesis
P. Peter Pascali Provides Key Update on Shareholdings
MONTRÉAL – P. Peter Pascali, the President and CEO of PyroGenesis Inc. (TSX: PYR, OTCQX: PYRGF, FRA: 8PY1), has recently filed an updated early warning report regarding his holdings in the company. This report comes in association with his plan to dispose of up to 850,000 common shares of PyroGenesis through an automatic securities disposition plan (ASDP). This strategic move is aimed at managing his shareholdings in a structured manner that aligns with the company’s market positioning.
Details of the Automatic Securities Disposition Plan
The ASDP established by Mr. Pascali is designed to ensure an orderly sale of a small fraction of his holdings at current market prices between set dates. Specifically, the sales under the plan are to occur from April 10, 2025, to May 9, 2025. This program allows for trades to be executed by an independent broker, minimizing Mr. Pascali's direct influence over the transaction processes, which ultimately protects the integrity of PyroGenesis’ market.
Understanding Mr. Pascali's Shareholder Composition
As of the latest report, there were a total of 186,685,328 common shares of PyroGenesis issued and outstanding. Mr. Pascali holds 66,088,341 shares, which is approximately 35.4% of the total issued shares. Furthermore, his total control extends to several other entities, bringing his combined shareholding to 79,517,781 shares, or 42.59% of the company. This significant ownership underscores Mr. Pascali’s commitment to PyroGenesis and confidence in its future prospects.
Impact of Proposed Dispositions
With the proposed disposition of 850,000 shares, Mr. Pascali's total ownership will adjust to 78,667,781 shares, equating to 42.13% of all common shares outstanding. This minor adjustment reflects a judicious decision to maintain liquidity while still retaining a substantial stake in PyroGenesis, ensuring he remains aligned with shareholders’ interests.
Warrants and Options: A Component of Total Ownership
Mr. Pascali's holdings are further bolstered by a range of warrants and options. He controls warrants that provide him with the option to purchase an additional 1,250,000 common shares at a price of $1.20 per share, along with options to acquire up to 4,820,000 shares through various share-based compensation plans. These securities could significantly increase his total ownership, projected at about 45.21% if all are exercised. This potential growth demonstrates Mr. Pascali's strategic vision for his investment in PyroGenesis.
Joint Actors: Collaboration in Strategy
It is noteworthy that the Trust, the Estate, and the Foundation, associated with Mr. Pascali, could be viewed as joint actors in facilitating these transactions. Mr. Pascali's roles as a trustee, executor, and director in these entities enhance his strategic oversight and influence in the company.
Looking Ahead: Future Considerations for Shareholders
Moving forward, Mr. Pascali, alongside his associated entities, might explore opportunities to adjust their stakes based on various market dynamics. This ongoing management is indicative of a forward-thinking approach to shareholder value.
Contact Information and Further Details
For additional information related to the early warning report, stakeholders can reach out to P. Peter Pascali, President and CEO of PyroGenesis, at 514-937-0002. The official address for PyroGenesis is located at 1100 René-Lévesque Boulevard West, Suite 1825, Montréal, Québec, Canada, H3B 4N4.
Frequently Asked Questions
What is PyroGenesis Inc. known for?
PyroGenesis Inc. is recognized for its expertise in designing and developing innovative plasma-based technologies and products, particularly in waste-to-energy systems.
Why is P. Peter Pascali's share disposition important?
His share disposition reflects a structured approach to managing his ownership, ensuring alignment with shareholder interests while also enhancing liquidity.
What percentages of shares does Mr. Pascali control?
Mr. Pascali controls approximately 42.59% of the total outstanding shares of PyroGenesis, which may adjust slightly based on planned share dispositions.
How are the ASDP and its benefits structured?
The ASDP aims to facilitate the sale of shares systematically, minimizing market disruption and allowing for strategic position management without direct influence over trade decisions.
What’s next for PyroGenesis and its shareholders?
As the company navigates evolving market conditions, shareholders can expect proactive management of shareholdings from Mr. Pascali and joint actors, focusing on long-term growth and stability.
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