Nuvei Corp. says chief executive and chair Philip Fayer, shown in this handout photo, has increased his stake in the company. THE CANADIAN PRESS/HO-Nuvei Corp. MANDATORY CREDIT
MONTREAL – Nuvei Corp. says chief executive and chair Philip Fayer has acquired more shares in the company.
The Montreal-based payment technology company says Fayer has acquired 22,151 subordinate voting shares though the settlement of vested restricted share units.
It says Fayer now holds beneficial ownership of, or has control or direction over, 27,857,328 multiple voting shares or 36.6 per cent of the issued and outstanding multiple voting shares, as well as 22,151 subordinate voting shares.
He also has equity awards to acquire up to 3,417,108 subordinate voting shares.
Fayer is the founder of the company.
Nuvei shares were down 66 cents at $21.47 in afternoon trading on the Toronto Stock Exchange.
This report by The Canadian Press was first published Sept. 20, 2023.
Companies in this story: (TSX:NVEI)
