Off-market insider selling at Cargojet (CJT)

Off-market insider selling at Cargojet (T:CJT)

Ajay Kumar Virmani, CEO, disposed of 445,000 Common Voting Shares on an indirect ownership basis for registered holder The Virmani Family Trust at a price of $214.750 through a private transaction on November 30th, 2020. This represents a $95,563,750 divestment of the company's shares and an account share holdings change of -58.8%.

Cargojet is in the Air Freight & Logistics Sub Industry Group under the Industrials Sector.

Cargojet Inc. is a Canada-based company that provides over night air cargo services. The Company's services include overnight network, international air cargo services, dedicated aircraft charter and dedicated aircraft, crew, maintenance and insurance (AMCI) contracts. It offers over night air cargo service between approximately 14 cities across Canada each business night. Within its overnight network, it also provides domestic air cargo services for a number of international air lines between points in Canada that connect such airlines' gateways to Canada. It operates an international route operating between Newark, New Jersey, United States of America (USA) and Hamilton, Bermuda and provides a five-day per week air cargo service. It offers a specialty charter service typically in the day time and on weekends. Its ACMI Contracts involves providing a dedicated aircraft on a dedicated route where the customer is responsible for all costs of the operation.