Multiple insider buying at Rogers Sugar (RSI)

Multiple insider buying at Rogers Sugar (T:RSI)

John Holliday, CEO, acquired 19,000 Common Shares on a direct ownership basis at a price of $5.395 on May 4th, 2018. This represents a $102,499 investment into the company's shares and an account share holdings change of 27.4%.

On the same day, Jean-Francois Khalil, a Senior Officer, acquired 5,000 Common Shares on a direct ownership basis at a price of $5.430. This represents a $27,150 investment into the company's shares and an account share holdings change of 41.7%. In addition, Manon Lacroix, a Senior Officer, acquired 4,500 Common Shares on a direct ownership basis at a price of $5.390. This represents a $24,255 investment into the company's shares and an account share holdings change of 23.2%.

Rogers Sugar is in the Food Processing Sub Industry Group under the Consumer Non-Cyclicals Sector.

Rogers Sugar Inc holds all of the common shares of Lantic Inc (Lantic). Lantic is engaged in sugar business and operates as a refiner, processor, distributor and marketer of sugar products in Canada. As a sugar processor in Western Canada, Lantic supplies over 90% of the demand for refined sugar in that region. Lantic has two cane sugar processing facilities: one in Montreal, Quebec, and one in Vancouver, British Columbia. Lantic also has a beet sugar processing facility in Taber, Alberta. Lantic's sugar products are marketed primarily under the Rogers trade name in Western Canada, and under the Lantic trade name in Eastern Canada. The Company offers granulated, icing, cube, yellow and brown sugars, liquid sugars, Stevia, plantation raw sugar, jam and jelly, dry blending products and specialty syrups. The Company owns and operates a cane sugar refinery on a 12-acre lot in eastern Montreal. The Montreal refinery has refining capacity of approximately 440,000 metric tons per year.