PACIFIC & WESTERN ANNOUNCES SHAREHOLDINGS OF PRESIDENT & C.E.O.
LONDON, ON, Oct. 18, 2010 (Canada NewsWire via COMTEX) --
Pacific & Western Credit Corp. (TSX:PWC) announced today that David Taylor, President & C.E.O., has acquired an additional 4,600 Class B Preferred Shares of PWC, which are convertible into 23,000 common shares of PWC. As a result, Mr. Taylor now holds 1,142,700 common shares, and 15,600 Class B Preferred Shares convertible into 78,000 additional common shares. Including additional stock options held by Mr. Taylor which if exercised would result in additional common shares, Mr. Taylor holds approximately 10.01% of PWC.
Pacific & Western Bank of Canada, a Canadian Schedule I chartered bank, is a branchless financial institution. PWBank specializes in providing financing throughout Canada to well established corporations and government entities, including hospitals, school boards, universities and colleges, municipalities, provinces and territories, and federal government agencies.
Pacific & Western Bank of Canada is wholly owned by Pacific & Western Credit Corp., whose shares trade on the TSX under the symbol PWC.
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SOURCE: Pacific & Western Credit Corp.
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