Oaktree Capital selling at Neo Performance Materials (NEO)

Oaktree Capital selling at Neo Performance Materials (T:NEO)

Oaktree Capital Management, a 10% Holder, disposed of 4,600,000 Common Shares on a control or direction basis for registered holder OPPS NPM S.? r.l at a price of $19.750 through a prospectus or prospectus exempt offering on April 27th, 2021. This represents a $90,850,000 divestment of the company's shares and an account share holdings change of -26.9%.

Neo Performance Materials is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Neo Performance Materials Inc is Canada-based company engaged in rare earth metal processing sector. The Company manufactures and distributes a broad range of light and heavy rare earth engineered products. The Company's activity is divided in four segments: Magnequench Segment, production of magnetic powders used in bonded and hot deformed fully dense magnets; Chemicals and Oxides Segment, distributes a broad range of light and heavy rare earth functional materials; Rare Metals Segment, sources, produces, reclaims, refines and markets high value metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium and indium; Corporate Segment, includes finance, administration, information technology, accounting and legal.