Executive Chairman Germain Lamonde and CEO Philippe Morin demonstrate confidence in EXFO
EXFO Inc - Subordinate Voting Shares (EXFO)
Last exfo inc - subordinate voting shares earnings: 4/7 04:08 pm
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Source: PR Newswire
QUEBEC CITY, Nov. 19, 2018 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) announced today that Germain Lamonde, founder and Executive Chairman, and CEO Philippe Morin recently made personal decisions related to their share ownership in EXFO.Mr. Lamonde added to his majority ownership in EXFO by purchasing 111,300 shares valued at approximately C$500,000 on the open market, thereby increasing his position to 35.3 million shares, directly and indirectly.Mr. Morin, whose 58,059 restricted share units in EXFO totaling approximately C$225,850 vested earlier this month, opted to hold onto his shares and pay the related income tax charges. Mr. Morin had previously purchased 600,000 shares when named EXFO's CEO in April 2017."These latest decisions by Philippe and I signal our full confidence in EXFO's growth strategy, management team and global organization," Mr. Lamonde said.About EXFOEXFO (NASDAQ: EXFO) (TSX: EXF) develops smarter test, monitoring and analytics solutions for fixed and
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