Pacific & Western announces shareholdings of President & C.E.O.
LONDON, ON, June 10 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) announced today that David Taylor, President & C.E.O., has exercised stock options to acquire 50,000 common shares of PWC at $3.00 per option. As a result, Mr. Taylor now holds 1,250,000 common shares of PWC, being approximately 9.14% of the total issued and outstanding common shares of PWC. Including 187,000 additional stock options held by Mr. Taylor, which if exercised would result in an additional 187,000 common shares, that figure is approximately 10.37%. Pacific & Western Credit Corp. operates primarily through its wholly-owned subsidiary, Pacific & Western Bank of Canada, a Schedule 1 chartered bank. The Bank is a branchless financial institution with $1.3 billion in assets. The Bank was formed to provide innovative financing to large corporate and government entities including hospitals, school boards, universities and colleges, municipalities and provincial and federal government agencies. With no retail operations or store fronts, the Bank is one of the most efficiently operating financial institutions in Canada. These overhead savings translate into very competitive rates for our clients. To receive company news releases, please contact: Carla McPhee at email@example.com, (519) 675-4204
For further information: Investor Relations: 1-800-244-1509, InvestorRelations@pwbank.com; Public Relations & Media: Tel Matrundola, Vice-President, (416) 203-0882, firstname.lastname@example.org; Visit our website at: http://www.pwbank.comBack