Frank Hasenfratz Purchases Shares of Linamar Corporation
GUELPH, ONTARIO, Jul 08 (MARKET WIRE) --
Frank Hasenfratz, Chairman of Linamar Corporation ("Linamar") (TSX: LNR),
announced today that he has purchased 250,000 common shares of Linamar
through the facilities of the Toronto Stock Exchange. The 250,000 common
shares purchased by Mr. Hasenfratz represent approximately 0.37% of the
issued and outstanding common shares of Linamar.
Prior to the transaction, Mr. Hasenfratz owned or exercised control or
direction over 14,866,800 common shares, or approximately 22.13% of the
issued and outstanding common shares of Linamar. As a result of the
transaction, Mr. Hasenfratz owns or exercises control or direction over
15,116,800 common shares, or approximately 22.49% of the issued and
outstanding common shares of Linamar.
Mr. Hasenfratz owns and controls his shares of Linamar, personally and
through 975904 Ontario Inc. and Hasenfratz Investments Ltd., a
wholly-owned direct subsidiary of 975904 Ontario Inc.
Mr. Hasenfratz purchased 16,400 shares of Linamar on July 3, 2008 and
subsequently sold 5,900 shares the same day for a net gain of 10,500
shares.
The common shares of Linamar were acquired for investment purposes. Mr.
Hasenfratz may acquire additional shares of Linamar, subject to price and
availability. Mr. Hasenfratz feels this is a good investment at this
time.
Contacts:
Linamar Corporation
Frank Hasenfratz
(519) 836-7550
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