Off-market insider selling at GFL Environmental (GFL)

Off-market insider selling at GFL Environmental (T:GFL)

Updated Tuesday Nov 30, 2021 02:34 AM EDT
OTPP Environmental Services Trust, a 10% Holder, disposed of 746,134 Subordinate Voting Shares on a control or direction basis for registered holder Bank of Montreal ITF BCEC-GFL Borrower (Cayman) LP, 746,134 Subordinate Voting Shares on a control or direction basis for registered holder Royal Bank of Canada ITF BCEC-GFL Borrower (Cayman) LP and 1,492,268 Subordinate Voting Shares on a control or direction basis for registered holder The Bank of Nova Scotia ITF BCEC-GFL Borrower (Cayman) LP at a price of US$39.50 through a prospectus or prospectus exempt offering on November 24th, 2021. This represents a $149,448,103 net divestment of the company's shares and an account share holdings change of -6.4%.

In addition Iii Poole, a Director, disposed of 253,165 Subordinate Voting Shares on an indirect ownership basis for registered holder Poole Private Capital, LLC. This represents a $12,677,022 divestment of the company's shares and an account share holdings change of -2.3%.

GFL Environmental is in the Environmental Services & Equipment Sub Industry Group under the Industrials Sector.

GFL Environmental Inc. is a Canada-based diversified environmental services company. The Company is engaged in providing non-hazardous solid waste management, infrastructure and soil remediation services and liquid waste management services. Its segments include Solid waste, which includes hauling, landfill, transfers and material recovery facilities; Infrastructure and soil remediation, and Liquid waste. Its infrastructure and soil remediation segment offers safe, integrated, first-on-site services for infrastructure development or construction needs. It also offers ex-situ bioremediation for contaminated soils, and arranges excavation and transportation of soil to one of its licensed remediation facilities. Its Liquid waste segment offers automotive waste fluid services, vacuum truck and hydrovac services, hazardous waste handling services, emergency response and site remediation, and specialized services and industrial cleaning.


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