Q: Can you please confirm insider ownership % for each company. In your reports, you have ~1% and 50% respectively.
Thank you.
Thank you.
5i Research Answer:
As of December 31, 2023, CSU owns 39,412,385 shares of TOI, out of the current shares outstanding 81,889,763 (not fully diluted yet), or around 50.1%.
LMN has not filed its Management Information Circular yet, and the numbers owned by insiders vary from each site, but on average the company’s management owns around 1.3% of the company. And on the fully-diluted shares outstanding CSU owns 154,519,381 shares of LMN, out of the total fully diluted share outstanding 253,104,971, or at least around 61%.