Foraco International Says Founders Simoncini and Charmensat Completes Planned Share Sales
Foraco International SA (FAR.TO) said late Monday that its founders, Daniel Simoncini and Jean-Pierre Charmensat, have informed the company that they completed sales of Foraco ordinary shares as part of their long-term personal and estate planning.On Dec. 3, 2025, Simoncini disposed beneficial ownership of 1-million ordinary shares for $2.3 million through the facilities of the Toronto Stock Exchange (TSX) and on June 12, 2026, Simoncini disposed beneficial ownership of 2-million ordinary shares for $6 million through TSX, after which Simoncini owned or controlled, indirectly, 10.6-million ordinary shares, representing 10.65% of the issued and outstanding ordinary shares, representing a change of 3.02% in Simoncini's shareholdings in Foraco. All of the ordinary shares controlled by Simoncini are owned by Financiere Berlaimont SARL, an entity controlled by Simoncini.On May 5, Entremont SARL, an entity controlled by Charmensat, filed a Form 45-102F1 under the company's SEDAR+ profile in which Entremont disclosed its intention to sell up to 3-million ordinary shares. On May 13, Charmensat disposed beneficial ownership of 1-million ordinary shares for $3 million through TSX, following which Charmensat ceased to be a control person of Foraco.On June 12, Charmensat disposed beneficial ownership of 2-million ordinary shares for $6 million through TSX, after which Charmensat owned or controlled, directly or indirectly, 17.6-million ordinary shares, representing 17.72% of the issued and outstanding ordinary shares, representing a change of 3.02% in Charmensat's shareholdings in Foraco. The company said that 100% of those ordinary shares controlled by Charmensat are owned by Entremont.Shares of the Foraco closed down 0.6% to $3.1 on Monday on the TSX.
