By Region,Finance,By Region,North America - August 26, 2009
Magma Energy Corp. list of shareholders
written by: lxrichter
In various news drops it slowly comes to light who are the main shareholders of the company after the IPO a couple weeks back.
The largest shareholder by far is the founder Ross Beaty over his Sitka Foundation, over which he helds 46.4% of the share of the company.
Other shareholders are Springleaf Enterprises/ Saudi Interests with 7% share, AltaGas Income Fund (was already a shareholder pre-IPO) with a share of about 5%, Cascade Investment (a fund by Bill Gates) with a stake of 2.5% and other institutional holders representing about 34.5%. Which leaves around 4.6% of the company’s shares spread among individuals.
This might not be the absolutely correct picture, but might be interesting.
Sources: AltaGas release via Yahoo Finance, Visir (Icelandic), and Company presentation (PDF, as of August 2009)
Public documents on the company can also be found on Sedar.com (the complete source of all public documents released by a listed entity on the Canadian markets)
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