TDM Asset Management Pty Ltd Disposes of Securities in DavidsTea (NASDAQ: DTEA)
September 25 2018 - 10:11AM
TDM Asset Management Pty Ltd (“Offeror”) announces that on 20
September 2018 it disposed of 579,902 common securities of
DavidsTea (“Reporting Issuer”), a Montreal, Canada based company
which operates as a specialty retailer of tea in Canada and the
United States.
The disposal was reported in a Form
62-103F3.
The Offeror has disposed of 2,737,411 of common
securities since its last Form 62-103F1 filing was made on 15 June
2018, representing approximately 10.6% of the presently issued and
outstanding common securities. Immediately prior to the disposition
the Offeror owned 3,162,520 common securities representing
approximately 12.2% of the then issued and outstanding common
securities. This disposition decreases the Offeror’s position in
the common securities of DavidsTea to 425,109, or approximately
1.6% of the presently issued and outstanding common securities of
DavidsTea.
The securities were disposed of in multiple
trades on the NASDAQ exchange at an average price of US$3.43 per
share for an aggregate sale price of US$9,377,870. The disposal was
made by the Offeror in the ordinary course of its activities as a
professional investment manager. DavidsTea is listed on the
NASDAQ exchange under the symbol “DTEA”.
The Offeror’s head office is Level 9, 131
Macquarie Street, Sydney, Australia.
For further information please contact:
Benjamin Gisz, Partner, TDM Asset Management Pty
Ltd
+61 2 8999 8816
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