/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
MONTREAL,
Sept. 18, 2012 /CNW Telbec/ - Saputo
Inc. ("Saputo" or the "Corporation") (TSX: SAP) announced today
that it has completed the closing of its previously announced
secondary offering pursuant to which its shareholder, Jolina
Capital Inc. (the "Selling Shareholder"), sold 3,100,000 common
shares of Saputo, held directly or indirectly, at an offering price
of $41.70 per share for gross
proceeds of $129,270,000. Saputo has
not derived any proceeds from this offering.
The common shares of the Corporation were
offered to the public by a syndicate of underwriters led jointly by
National Bank Financial Inc. and BMO Capital Markets and including
Scotia Capital Inc., Desjardins Securities Inc., RBC Capital
Markets, CIBC World Markets Inc., Merrill Lynch Canada Inc. and TD
Securities Inc.
The Selling Shareholder now owns, directly and
indirectly, 66,779,924 common shares of the Corporation,
representing approximately 33.9% of the outstanding common shares
of the Corporation.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy nor shall there be any
sale of the securities in any State in which such offer,
solicitation or sale would be unlawful. The securities
referred to in this press release have not been registered under
the U.S. Securities Act of 1933, as amended, and may not be offered
or sold in the United States
absent registration or an applicable exemption from the
registration requirements.
About Saputo
Saputo produces, markets, and distributes a wide
array of products of the utmost quality, including cheese, fluid
milk, yogurt, dairy ingredients and snack-cakes. Saputo is
the 12th largest dairy processor in the world, the
largest in Canada, the third
largest in Argentina and among the
top three cheese producers in the United
States. Our products are sold in more than 50
countries under well-known brand names such as Saputo,
Alexis de Portneuf,
Armstrong, Baxter, Dairyland,
Danscorella, Dragone, DuVillage 1860, Frigo
Cheese Heads, Great Midwest, King's Choice,
Kingsey, La Paulina, Neilson,
Nutrilait, Ricrem, Salemville, Stella,
Treasure Cave, hop &
go, Rondeau and Vachon. Saputo is a
publicly traded company whose shares are listed on the Toronto
Stock Exchange under the symbol "SAP".
SOURCE Saputo Inc.