- Mark Waldron, director of Vibe Growth Corporation (VIBEF, Financial), plans to sell 250,000 shares.
- This sale will reduce his ownership from 18.14% to 15.83%.
- The proceeds are intended for other purposes, with future transactions possible.
Mark Waldron, a director at Vibe Growth Corporation (VIBEF), has submitted an Early Warning Report declaring his intention to sell 250,000 common shares via the Canadian Securities Exchange. Prior to this planned sale, Waldron held 1,959,045 shares, which accounted for approximately 18.14% of the company's outstanding shares.
Upon completion of the sale, Waldron's shares will reduce to 1,709,045, representing around 15.83% ownership of VIBEF. The director cited the need to decrease his shareholdings and utilize the proceeds from the sale for various other purposes.
Waldron also retains the option to acquire more shares or dispose of additional shares in the future, depending on market conditions and other relevant factors. These transactions may occur through the open market or private deals. For more information, the Early Warning Report can be accessed on SEDAR+.
