NEW YORK, Dec. 15, 2021 /CNW/ - TMRE Investors, LLC
(the "Acquiror") announces, pursuant to applicable
requirements of Canadian securities laws, between December 1, 2021 and December 14, 2021, it has acquired (the
"Acquisition") an additional 1,707,000 common shares
("Common Shares") of Martinrea International Inc.
(TSX: MRE, the "Issuer") on the Toronto Stock Exchange at a
weighted-average price of C$10.54 per
Common Share and C$17,997,470 in the
aggregate, representing approximately 2.12% of the issued and
outstanding Common Shares. Prior to the Acquisition, the Acquiror
beneficially owned and had control over an aggregate of 8,226,400
Common Shares, representing approximately 10.24% of the issued and
outstanding Common Shares. As a result of the Acquisition, the
Acquiror beneficially owns and has control over an aggregate of
9,933,400 Common Shares, representing approximately 12.36% of the
issued and outstanding Common Shares.
The Acquiror completed the Acquisition for investment purposes.
The Acquiror and its joint actor (as noted below) may acquire
additional securities of the Issuer or may dispose of any or all of
its holdings of Common Shares, from time to time through, among
other things, transactions on the open market or in private
transactions or otherwise, on such terms and at such times as the
Acquiror and its joint actor, respectively, may deem advisable
depending upon an ongoing evaluation of the Common Shares, the
Issuer, prevailing market conditions, the availability of Common
Shares at prices that would make the purchase or sale of Common
Shares desirable, other investment opportunities, liquidity
requirements of the Acquiror and its joint actor, respectively,
and/or other considerations and in such manner as they deem
appropriate, subject to applicable laws,
Decisions with respect to the voting and/or disposition of
Common Shares by the Acquiror are made, collectively, by
Thomas J. Tisch and Barry L. Bloom in their roles as managers of the
Acquiror pursuant to terms of the Limited Liability Company
Agreement governing the Acquiror.
Timothy A. Cox, of Charlesfield
Five LLC, an advisor to the Acquiror, beneficially owns and has
control over an aggregate of 10,000 additional Common Shares.
Accordingly, as a result of the Acquisition, the Acquiror, together
with its joint actor, beneficially owns and has control over an
aggregate of 9,943,400 Common Shares, representing
approximately 12.37% of the issued and outstanding Common
Shares.
There are not any agreements, arrangements, commitments or
understandings between the Acquiror and its joint actor, with
respect to securities of the Issuer.
A copy of the early warning report filed by the Acquiror in
connection with the above is available under the Issuer's profile
on SEDAR at www.sedar.com
The Acquiror is located at 655 Madison Avenue, 11th floor,
New York, NY 10065, c/o TFMG
Associates, LLC.
SOURCE TMRE Investors, LLC