Every two weeks we provide an overview of insider trading, investing in local companies and news from public companies.
Paid options for Ghislain Parent
Photo from the BN website
Vice President of the International Sector at the National Bank (BN), Ghislain Parent, made a profit of nearly $650,000 last month exercising stock options at the Montreal institution. In this position, which he has held for a year, he is mainly responsible for the Cambodian National subsidiary ABA Bank. Mr. Parent was previously Chief Financial Officer at the National Bank and at the Caisse de dépôt. The title of Quebec’s largest bank is up about 5% year-to-date.
Fondaction and BDC support Libro
Photo by LinkedIn, Karl Boulanger
The Montreal SME Libro announced this week that it had received “significant” but unquantified funding from Fondaction and the Business Development Bank of Canada (BDC). Founded in 2014 by Karl Boulanger (photo) and Jean-Sébastien Pothier, Libro provides restaurant owners with reservation management software. In 2022, the company saw a 74% increase in recurring revenue. More than 2,500 institutions use Libro in Canada, the United States and Europe.
One sells Couche-Tard, the other buys it
Photo from the Couche Tard website
Jacques D’Amours (photo), one of the four co-founders of Alimentation Couche-Tard, sold over $600,000 worth of stock in retailer Laval last week. Around the same time, one of Couche-Tard’s board members, Eric Boyko, reinvested over $125,000 in the company. Mr. Boyko is CEO of Montreal-based audio-video content company Stingray.
Haply raises $4.7 million
Montreal startup Haply Robotics raised US$3.5 million (CA$4.7 million) from BDC and an anonymous angel investor. Haply has developed a haptic mouse that can be used in medical education, industrial design, manufacturing and gaming industries. The company was co-founded by Colin Gallagher in 2018.
Nice prizes for CGI insiders
Photo from the CGI website
Gilles Labbé (photo), director of CGI since 2010, made a profit of more than $340,000 last month by exercising options on the multinational computer consulting services. The president of the company’s operations in Canada, Guy Vigeant, made a profit of more than $250,000 the same way. CGI stock recently broke a new all-time high of over $130 in the stock market.
He sells 5N Plus
Last month, Richard Perron, the chief financial officer of 5N Plus, sold all of the shares he owned in the Quebec company, allowing him to receive more than $450,000. A former ArcelorMittal executive, Perron has been with 5N since 2014. The company, which makes specialty semiconductors and high-performance materials, has gained more than 10% since the beginning of 2023.
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