Savaria (SIS) has notable insider buying

Savaria (T:SIS) has notable insider buying

Jean-Marie Bourassa, CFO, Director and 10% Holder executive, acquired 276,000 Common Shares on an indirect ownership basis for registered holder 9264-4582 Québec Inc. at a price of $13.900 through an exercise of rights on June 16th, 2017. This represents a $3,836,400 investment into the company's shares and an account share holdings change of greater than 100%.

Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use. The products are manufactured, assembled and customized at the Brampton (Ontario) plant, and are offered through a network of over 300 retailers, which are primarily located in North America. The Adapted Vehicles segment converts and adapts minivans through its subsidiaries. The subsidiaries offer models with rear entry, side entry or dual entry for people with mobility challenges. It makes vans accessible to wheelchairs through a ramp and a lowered floor. Adapted Vehicles can be used for personal use or commercial use (taxis).