OMERS Administration Corporation (OAC) has filed an alternative monthly report, disclosing that on June 20, 2024, OMERS Ventures LP, an entity indirectly controlled by OAC, disposed of 616,000 Subordinate Voting Shares of D2L Inc. (TSX: DTOL) through the open market facilities of the Toronto Stock Exchange (TSX).
As at the end of June 2024, OMERS Ventures LP beneficially owned and controlled 2,579,000 Subordinate Voting Shares, representing 9.57% of the issued and outstanding Subordinate Voting Shares of D2L.
The new disposition was the third in the series of disposal of D2L shares recently. OMERS Ventures sold 400,000 Subordinate Voting Shares on March 12, 2024 and 400,000 Subordinate Voting Shares on December 6, 2023, all through the open market facilities of the TSX. In addition, it sold 5,000 Subordinate Voting Shares on July 24, 2023.
Following the sale of the shares, OMERS Ventures LP ceases to be 10%+ shareholders and is non-longer required to file report on its holding in D2L.
As of April 24, 2024, NewView Capital Fund I, L.P., OMERS Ventures, and Burgundy Asset Management Ltd. were three 10%+ shareholders of Subordinate Voting Shares.
John Baker, Chair & CEO of D2L, with the control of 100% of Multiple Voting Shares (27,390,588) and 537,584 Subordinate Voting Shares, controls D2L with 91.1% voting power.
photo credit: D2L
