The applicants applied for exemptive relief from the insider reporting requirements under section 107(2) of the Securities Act.
The relief was sought in respect of the exercise of options and the disposition of shares pursuant to automatic securities disposition plans.
The Ontario Securities Commission granted the exemption, provided that the insider files an annual report disclosing the transactions on a transaction-by-transaction basis or in an acceptable summary form within 90 days of the end of the calendar year.
