<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Laurentian Capital Corporation
(Name of Issuer)
Common Stock, par value $.05 per share
(Title of Class of Securities)
519256101
(CUSIP Number)
Mte. Lise Bernier
Department of Legal and Corporate Affairs
La Confederation des caisses populaires et
d'economie Desjardins du Quebec
100, avenue des Commandeurs
Levis (Quebec) G6V 7N5
Canada
Tel. (418) 835-4595
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
John A. Willett, Esq.
Arnold & Porter
399 Park Avenue
New York, New York 10022-4690
Tel. (212) 715-1000
January 1, 1994
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a
statement on Schedule 13G to report the acquisition
which is the subject of this Schedule 13D and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check
the following box: [ ]
Check the following box if a fee is being paid
with this statement: [X]
Exhibit Index page
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SCHEDULE 13D
CUSIP No. 519256101
(1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
La Confederation des caisses populaires et d'economie
Desjardins du Quebec
(2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Source of Funds (See Instructions)
AF
(5) Check Box if Disclosure of Legal Proceedings
is required Pursuant to Items 2(d) or 2(e) [ ]
(6) Citizenship or Place of Organization
Province of Quebec, Canada
Number of (7) Sole Voting Power
Shares Bene- 6,177,093
Shares Bene- (8) Shared Voting Power
ficially 0
Owned by (9) Sole Dispositive Power
Each Report- 6,177,093
ing Person (10) Shared Dispositive Power
With 0
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person
6,177,093
(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
(13) Percent of Class Represented by Amount in Row (11)
81.8%
(14) Type of Reporting Person (See Instructions) HC
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SCHEDULE 13D
CUSIP No. 519256101
(1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
La societe financiere des caisses Desjardins inc.
(2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Source of Funds (See Instructions)
AF
(5) Check Box if Disclosure of Legal Proceedings
is required Pursuant to Items 2(d) or 2(e) [ ]
(6) Citizenship or Place of Organization
Province of Quebec, Canada
Number of (7) Sole Voting Power
Shares Bene- 6,177,093
Shares Bene- (8) Shared Voting Power
ficially 0
Owned by (9) Sole Dispositive Power
Each Report- 6,177,093
ing Person (10) Shared Dispositive Power
With 0
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person
6,177,093
(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
(13) Percent of Class Represented by Amount in Row (11)
81.8%
(14) Type of Reporting Person (See Instructions) HC
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SCHEDULE 13D
CUSIP No. 519256101
(1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
La societe financiere Desjardins Laurentienne inc.
(2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Source of Funds (See Instructions)
AF
(5) Check Box if Disclosure of Legal Proceedings
is required Pursuant to Items 2(d) or 2(e) [ ]
(6) Citizenship or Place of Organization
Province of Quebec, Canada
Number of (7) Sole Voting Power
Shares Bene- 6,177,093
Shares Bene- (8) Shared Voting Power
ficially 0
Owned by (9) Sole Dispositive Power
Each Report- 6,177,093
ing Person (10) Shared Dispositive Power
With 0
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person
6,177,093
(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
(13) Percent of Class Represented by Amount in Row (11)
81.8%
(14) Type of Reporting Person (See Instructions) HC
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SCHEDULE 13D
CUSIP No. 519256101
(1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Laurentian Group Corporation
(2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Source of Funds (See Instructions)
Not applicable
(5) Check Box if Disclosure of Legal Proceedings
is required Pursuant to Items 2(d) or 2(e) [ ]
(6) Citizenship or Place of Organization
Province of Quebec, Canada
Number of (7) Sole Voting Power
Shares Bene- 6,177,093
Shares Bene- (8) Shared Voting Power
ficially 0
Owned by (9) Sole Dispositive Power
Each Report- 6,177,093
ing Person (10) Shared Dispositive Power
With 0
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person
6,177,093
(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
(13) Percent of Class Represented by Amount in Row (11)
81.8%
(14) Type of Reporting Person (See Instructions) HC
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SCHEDULE 13D
CUSIP No. 519256101
(1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Laurentian Financial, Inc.
(2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Source of Funds (See Instructions)
Not applicable
(5) Check Box if Disclosure of Legal Proceedings
is required Pursuant to Items 2(d) or 2(e) [ ]
(6) Citizenship or Place of Organization
Province of Quebec, Canada
Number of (7) Sole Voting Power
Shares Bene- 6,177,093
Shares Bene- (8) Shared Voting Power
ficially 0
Owned by (9) Sole Dispositive Power
Each Report- 6,177,093
ing Person (10) Shared Dispositive Power
With 0
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person
6,177,093
(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
(13) Percent of Class Represented by Amount in Row (11)
81.8%
(14) Type of Reporting Person (See Instructions) HC
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SCHEDULE 13D
CUSIP No. 519256101
(1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Imperial Life Assurance Company of Canada
I.R.S. Identification No. 98-000675
(2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Source of Funds (See Instructions)
Not applicable
(5) Check Box if Disclosure of Legal Proceedings
is required Pursuant to Items 2(d) or 2(e) [ ]
(6) Citizenship or Place of Organization
Canada
Number of (7) Sole Voting Power
Shares Bene- 5,432,109
Shares Bene- (8) Shared Voting Power
ficially 0
Owned by (9) Sole Dispositive Power
Each Report- 5,432,109
ing Person (10) Shared Dispositive Power
With 0
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person
5,432,109
(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
(13) Percent of Class Represented by Amount in Row (11)
72.0%
(14) Type of Reporting Person (See Instructions) IC
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Item 1. Security and Issuer
This statement relates to shares of Common Stock,
par value $.05 per share (the "Shares"), of Laurentian
Capital Corporation (the "Company"). The address of the
Company's principal executive offices is 640 Lee Road,
Wayne, Pennsylvania 19087.
Item 2. Identity and Background
This statement is filed on behalf of La
Confederation des caisses populaires et d'economie
Desjardins du Quebec, a cooperative association
constituted under the laws of the Province of Quebec,
Canada (the "Confederation"), La societe financiere des
caisses Desjardins inc. ("SFCD"), La societe financiere
Desjardins Laurentienne inc. ("SFDL"), The Laurentian
Group Corporation ("Laurentian Group"), and Laurentian
Financial, Inc. ("Laurentian Financial"), each
corporation incorporated under the laws of the Province
of Quebec, Canada, and The Imperial Life Assurance
Company of Canada, an insurance corporation organized
under the laws of Canada ("Imperial") (collectively, the
foregoing are referred to herein as the "Reporting
Persons").
The Confederation is the parent body of various
insurance and trust companies, brokerage firms and other
financial services-related organizations doing business
primarily in Quebec, but also elsewhere. SFCD, a
subsidiary of the Confederation, is its main subsidiary,
and through SFCD's subsidiaries, is engaged in the
businesses of providing insurance, securities, trust and
banking services.
SFDL is a recently organized holding company
formed in connection with the transaction described in
Item 3 below. SFCD owns (directly and indirectly)
approximately 80.8% of the voting securities of SFDL.
In addition to Laurentian Group, described in this Item
2 below, SFDL holds all of the outstanding shares of the
former direct subsidiaries of SFCD which were
contributed to SFDL in exchange for shares of SFDL.
These subsidiaries are engaged in the businesses of life
and property insurance, financial and trust services and
securities brokerage.
Each of the Confederation and SFCD maintains its
principal offices at 100, avenue des Commandeurs, Levis
(Quebec) G6V 7N5, Canada. SFDL maintains its principal
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offices at 1 Complexe Desjardins, South Tower 28th
Floor, Montreal, Quebec H5B 1B3, Canada.
Laurentian Group is a holding corporation 98.7%
of the outstanding voting stock of which was acquired by
SFDL in the transaction described in Item 3 below.
Laurentian Group, through its subsidiaries, is active in
life and casualty insurance, banking and funds
management primarily in Canada, the United Kingdom and
the United States. Laurentian Financial is a holding
company and a wholly-owned subsidiary of Laurentian
Group. Certain life and casualty insurance and funds
management activities carried out by the subsidiaries of
Laurentian Group are conducted through Laurentian
Financial. The principal executive offices of
Laurentian Group and Laurentian Financial are located at
500 Grande-Allee East, Quebec City, Quebec G1R 2J7,
Canada and their principal offices are located in the
Laurentian Building, 1100 Rene-Levesque Blvd. West,
Montreal, Quebec H3B 4N4, Canada.
Imperial is a subsidiary of Laurentian Financial
engaged principally in the business of providing a full
range of individual and group life, accident, health and
disability insurance, as well as annuities, certain and
lifetime annuities and a variety of savings plans.
Through its subsidiaries, Imperial is also engaged in
the businesses of medical examination services,
investment counseling and portfolio management, and real
estate investments. Imperial's principal executive
office is located at 95 St. Clair Avenue West, Toronto,
Ontario M4V 1N7, Canada.
The name, residence or business address,
citizenship and present principal occupation or
employment of each of the directors and executive
officers of each of the Reporting Persons and the name,
principal business and address of the organization in
which such occupation or employment is conducted are set
forth in Exhibit A attached hereto.
During the five years immediately prior to the
date hereof, none of the Reporting Persons nor, to the
best of their knowledge, any of the persons whose names
are set forth in Exhibit A (i) has been convicted in a
criminal proceeding (excluding traffic violations and
similar misdemeanors), or (ii) has been a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or
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final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with
respect to such laws.
Item 3. Source and Amount of Funds or Other
Consideration
On November 5, 1993 the Confederation, through
its subsidiary SFDL, submitted to the shareholders of
Laurentian Group a share exchange tender offer for all
the issued and outstanding Class A and Class B
Subordinate Voting Shares of Laurentian Group, which,
through its subsidiaries Laurentian Financial and
Imperial, then held and continues to hold 81.8% of the
outstanding Common Stock of the Company. As of October
28, 1993, 20,750,435 Class A Shares, 33,337,123 Class B
Subordinate Voting Shares and 145,510 Series 1
Non-Voting Preferred Shares of Laurentian Group were
issued and outstanding.
In exchange for shares held, the holders of
voting shares of Laurentian Group were offered their
choice of:
$CDN 6.22 in cash for each 50% portion of
each share deposited and a combination of
0.0996 Class A Preferred Share of SFDL having
a par value of $CDN 25.00 and 0.1794 Class A
Subordinate Voting Share of SFDL for the
other 50% portion of each share deposited; or
An unsecured promissory note having a par
value of $CDN 6.22 issued by SFDL for each
50% portion of each share deposited and a
combination of 0.0996 Class A Preferred Share
of SFDL having a par value of $CDN 25.00 and
0.1794 Class B Share (multiple voting rights)
of SFDL for the other 50% portion of each
share deposited; or
$CDN 0.68 in cash, 0.234 Class A Preferred
Share of SFDL having a par value of $CDN
25.00 and 0.28406 Class B Share (multiple
voting rights) of SFDL for each share
deposited; or
$CDN 0.56 in cash, 0.0972 Class A Preferred
Share of SFDL having a par value of $CDN
25.00 and 0.045449 Class B Share (multiple
voting rights) of SFDL for each share
deposited.
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The offer expired on December 22, 1993 at which
time 20,750,435 or 100% of the Class A Shares and
approximately 33,627,471 or 98.7% of the Class B
Subordinate Voting Shares had been deposited. SFDL took
delivery of all the shares deposited and delivered the
purchase price for them on January 1, 1994. In
addition, SFDL will exercise its right under the terms
of Article 51 of the Quebec Companies Act to purchase
the Class B Subordinate Voting Shares not tendered.
The aggregate cash consideration paid for the
shares of Laurentian Group was borrowed by SFCD from La
Caisse centrale Desjardins du Quebec, a related entity
of the Confederation, and contributed to SFDL in
exchange for shares of SFDL. In addition to an
aggregate cash payment of $CDN 66,959,740.93, unsecured
promissory notes in an aggregate principal amount of
$CDN 160,094,863.28, 6,838,034 Class A Preferred Shares,
1,614,456 Class A Subordinate Voting Shares and
11,711,874 Class B Shares were issued by SFDL in
exchange for the shares of Laurentian Group tendered at
December 22, 1993. The total aggregate consideration to
be paid for the shares of the Laurentian Group as a
result of the shares tendered at December 22, 1993 and
assuming that SFDL exercises its right under the terms
of Article 51 of the Quebec Companies Act to purchase
the Class B Subordinate Voting Shares not tendered would
be an aggregate cash payment of $CDN 68,294,117.53 and
issuance of unsecured promissory notes in an aggregate
principal amount of $CDN 160,094,863.28, 6,881,942 Class
A Preferred Shares, 1,693,545 Class A Subordinate Voting
Shares and 11,711,874 Class B Shares.
As a result of the foregoing transaction and
assuming that SFDL exercises its right to purchase the
shares of Laurentian Group not tendered, approximately
19.2% of the voting securities of SFDL will be held by
the former shareholders of Laurentian Group.
Item 4. Purpose of Transaction
The purpose of the acquisition by SFDL of the
shares of Laurentian Group was to create a financial
institution having a competitive critical mass as a
result of economies of scale and synergy. While the
Reporting Persons reserve the right to take or recommend
such actions as they may consider desirable in light of
their ongoing review of the businesses and operations of
their subsidiaries and future developments, none of the
Reporting Persons has any present plans or proposals
which relate to or would result in any of the following:
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The acquisition of additional securities or
the disposition of securities of the Company;
An extraordinary corporate transaction, such
as a merger, reorganization or liquidation, involving
the Company or any of its subsidiaries;
A sale or transfer of a material amount of
assets of the Company or of any of its subsidiaries;
Any change in the present board of directors
or management of the Company, including any plans or
proposals to change the number or term of directors or
to fill any existing vacancies on the board of directors;
Any material change in the present
capitalization or dividend policy of the Company;
Any other material change in the Company's
business or corporate structure;
Changes in the Company's charter, bylaws or
instruments corresponding thereto or other actions which
may impede the acquisition of control of the Company by
any person;
Causing a class of securities of the Company
to be delisted from a national securities exchange or to
cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities
association;
Causing a class of equity securities of the
Company to become eligible for termination of
registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or
Any action similar to any of those
enumerated above.
Item 5. Interest in Securities of the Issuer
(a) and (b) Imperial has sole voting and
dispositive power over 5,432,109 Shares, which
represents approximately 72% of the outstanding Shares.
Laurentian Financial has sole voting and dispositive
power over an additional 744,984 Shares which represent
approximately 9.8% of the outstanding Shares and by
virtue of its ownership of 99.8% of the Common Stock of
Imperial may also be deemed the beneficial owner of the
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Shares held by Imperial for an aggregate beneficial
ownership of 6,177,093 Shares representing approximately
81.8% of the outstanding Shares. The Confederation,
SFCD, SFDL and Laurentian Group by virtue of their
controlling equity interests in Laurentian Financial and
Imperial may also be deemed beneficial owners of the
Shares owned by Laurentian Financial and Imperial.
(c) Except as disclosed in this Schedule 13D, no
Reporting Person has effected any transactions in Shares
in the 60 day period ended as of the date hereof.
(d) No other person is known to have the right
to receive or the power to direct the receipt of
dividends from or the proceeds from the sale of, the
Shares reported in this Item 5.
(e) Inapplicable.
Item 6. Contracts, Arrangements,
Understandings or Relationships with
Respect to Securities of the Issuer
None of the Reporting Persons has any contract,
arrangement, understanding or relationship (whether or
not legally enforceable) with any other person with
respect to any securities of the Company, including but
not limited to transfer or voting of any of the
securities, finder's fees, joint ventures, loan or
option arrangements, puts or calls, guarantees of
profits, division of profits or loss, or the giving or
withholding of proxies.
Item 7. Material to Be Filed As Exhibits
<TABLE>
<S> <C>
Exhibit A Officers and Directors of
Reporting Parties
Exhibit B Power of Attorney (Agreement to make
joint filing)
Exhibit C Letter agreement between La societe
financiere des caisses Desjardins
inc. and La Caisse centrale
Desjardins du Quebec with respect to
financing
</TABLE>
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Signatures
After reasonable inquiry and to the best of the
knowledge and belief of the undersigned, the undersigned
certify that the information set forth in this statement
is true, complete and correct.
Dated: January 10, 1994
LA CONFEDERATION DES CAISSES
POPULAIRES ET D'ECONOMIE
DESJARDINS DU QUEBEC
By /s/ Claude Beland
Claude Beland
President and Chairman
of the Board
LA SOCIETE FINANCIERE DES
CAISSES DESJARDINS INC.
By /s/ Claude Beland
Claude Beland
Chairman of the Board and
Chief Executive Officer
LA SOCIETE FINANCIERE
DESJARDINS LARENTIENNE INC.
By /s/ Claude Beland
Claude Beland
Chairman of the Board
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Dated: January 10, 1994
THE LAURENTIAN GROUP CORPORATION
[By LAURENTIAN CAPITAL CORPORATION,
as Attorney-in-Fact]
By /s/ Bernard M. Koch
Bernard M. Koch
Vice President and Secretary
LAURENTIAN FINANCIAL, INC.
[By LAURENTIAN CAPITAL CORPORATION,
as Attorney-in-Fact]
By /s/ Bernard M. Koch
Bernard M. Koch
Vice President and Secretary
THE IMPERIAL LIFE ASSURANCE
COMPANY OF CANADA
[By LAURENTIAN CAPITAL CORPORATION,
as Attorney-in-Fact]
By /s/ Bernard M. Koch
Bernard M. Koch
Vice President and Secretary
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<TABLE>
<CAPTION>
Exhibit Index
Exhibit Sequential Page Number
<S> <C> <C>
Exhibit A Officers and Directors
of Reporting Parties
Exhibit B Power of Attorney
(Agreement to make
joint filing)
Exhibit C Letter Agreement between
La societe financiere des
caisses Desjardins inc. and
La Caisse centrale Desjardins
du Quebec with respect to
financing
</TABLE>
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EXHIBIT A
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___
EXHIBIT A
The name, residence or business address, and
present principal occupation of each executive officer
and director of the Reporting Persons, and of each
person who may be deemed to be a Controlling Person of
the Reporting Persons, are as follows (unless otherwise
indicated, each person listed below is a Canadian
citizen).
LIST OF DIRECTORS OF LA CONF D RATION DES
CAISSES POPULAIRES ET D'ECONOMIE DESJARDINS DU QU BEC
AND LA SOCIETE DES CAISSES DESJARDINS INC.
<TABLE>
<CAPTION>
Name Business Address Principal Occupations ____ ________________
<S> <C> <C>
Michel Adam Federation des caisses Director
populaires
Desjardins du centre
du Quebec
2000, boul. des
Recollets
Case postale 1000
Trois-Rivieres
(Quebec)
69A 5K3
Pierre Barnes Federation des caisses Executive Vice
populaires President and
Desjardins de Montreal Chief Operating Officer
et de
l'Ouest-du-Quebec 1,
complexe
Desjardins, bureau
4022
C.P. 35, succursale
Desjardins
Montreal (Quebec)
H5B 1E7
Claude Beland La Confederation de President and Chairman
caisses of the Board
populaires et
d'economie
Desjardins du Quebec
100, avenue des
Commandeurs
Levis (Quebec)
G6V 7N5
Jean-Eudes Bergeron Federation des caisses Senior Vice President
populaires and
Desjardins du General Manager
Saguenay-Lac
St. Jean
50, rue des Roses
Metabetchouan (Quebec)
G0W 2A0
Laurent Bisson Caisse populaire de Director
Levis Federation des caisses
300, Cote-du-Passage populaires
Levis (Quebec) Desjardins du Qu bec
G6V 6Y8
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EXHIBIT A
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___
Francois Brien Federation des caisses President
populaires
Desjardins de
l'Abitibi
532, 7 Rue ouest
Amos (Quebec)
J9T 3W7
Simon Caron 28, rue Pelletier President
St. Louis-du-Ha-Hal Federation des caisses
(Quebec) populaires
G0L 3S0 Desjardins du Bas St.
Laurent
Yvan Caron Federation des caisses President
populaires
Desjardins du Quebec
95, avenue des
Commandeurs
Levis (Quebec)
G6V 6P6
Gerard Chabot Federation des caisses Director
populaires
Desjardins de Montreal
et de
l'Ouest-du-Qu bec 1,
complexe Desjardins -
40 etage
Montreal (Quebec)
H5B 1E7
Gilles Clement Caisse populaire Director
Notre-Dame de Federation des caisses
Bellerive populaires
120, rue Alexandre
Salaberry-de-Valleyfie Desjardins de Montreal
ld (Quebec) et de
J6S 4V7 l'Ouest-du-Qu bec
Alain Contant Caisse populaire de Director Federation des
Pontmain caisses
76, boul. Cartier populaires Desjardins
Laval-des-Rapides de
(Quebec) Montreal et de
H7N 2H5 l'Ouest-du-Qu bec
Yvon Cormier Caisse populaire de Director
St. Philippe Federation des caisses
40, rue Begin populaires
Case postale 236 Desjardins du centre du
Drummondville (Quebec) Quebec
J2B 6V7
Raymond Gagne Case postale 9 President
Gaspe (Quebec) Federation des caisses
G0C 1R0 populaires
Desjardins de la
Gaspesie et des
Iles-de-la-Madeleine
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EXHIBIT A
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Raymond Hainse 2018, des Erables Director
Plessisville (Qu bec) Federation des caisses
G6L 2E7 populaires
Desjardins du Qu bec
Marc Jean 532, rue Genast Director
St. Romuald (Qu bec) Federation des caisses
G6W 2X9 populaires
Desjardins du Qu bec
Gilles Lafleur Federation des caisses Senior Vice President
d'economie and
Desjardins du Qu bec General Manager
7755, boul, Louis-H.
Lafontaine
Anjou (Qu bec)
H1K 4M6
Pierre Lariviere Federation des caisses President
populaires
Desjardins
de Richelieu-Yamaska
2175, rue Girouard
Ouest
Case postale 2000
St. Hyacinthe (Qu bec)
J2S 3A9
Michel Latour Federation des caisses Senior Vice President
populaires and
Desjardins de General Manager
Richelieu-Yamaska
2175, rue Girouard
ouest
Case postale 2000
St. Hyacinthe (Qu bec)
Yves Lavoie Federation des caisses Senior Vice President
populaires and General Manager
Desjardins du Bas St. Federation des caisses
Laurent populaires
681, boul, St. Germain Desjardins du Bas St.
ouest Laurent
Case postale 2000
Rimouski (Qu bec)
G5L 7E5
Marc Lemieux Federation des caisses Senior Vice President
populaires and
Desjardins du Qu bec General Manager
95, avenue des
Commandeurs
Levis (Qu bec)
G6V 6P6
Yvon Marcoux Univa Senior Vice President
1250, boul, Rene Administration
Levesque ouest
41 etage
Montreal (Qu bec)
H3B 4X1
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EXHIBIT A
Page of ___ ___
Marcel Marquis Federation des caisses Senior Vice President
populaires and
Desjardins de General Manager
Lanaudiere
275, rue Beaudry nord
Case postale 500
Joliette (Qu bec)
J6E 3Z9
Guy Menard Caisse populaire de Director
Maniwaki Federation des caisses
140, rue King populaires
Maniwaki (Qu bec)
J9E 2L3 Desjardins de Montreal
et de
l'Ouest-du-Qu bec
Robert O'Farrell Federation des caisses President
populaires
Desjardins du centre
du Qu bec
2000, boul. des
Recollets
Case postale 1000
Trois-Rivieres
(Qu bec)
6A9 5K3
Albert Ouellet Federation des caisses Senior Vice President
populaires and
Desjardins de l'Estrie General Manager
1845, rue King ouest
Sherbrooke (Qu bec)
J1J 2E4
Michel Parent 109, Croissant Director
L'Heureux Federation des caisses
St. d'economie Desjardins
Charles-sur-Richelieu du Qu bec
(Qu bec)
J0H 2G0
Jean-Guy Pilon Federation des caisses President
populaires
Desjardins du
Saguenay-Lac
St. Jean
50, rue des Roses
Metabetchouan (Qu bec)
G0W 2A0
Jocelyn Proteau Federation des caisses President and Chief
populaires Executive Officer
Desjardins de Montreal
et de
l'Ouest-du-Qu bec
1, complexe
Desjardins, bureau
4022
Montreal (Qu bec)
H5B 1E7
<PAGE> 5
EXHIBIT A
Page of ___ ___
Real Rioux Federation des caisses Senior Vice President
populaires and General Manager
Desjardins de la
Gaspesie et des
Iles-de-la-Madeleine
473, boul. Perron
Case postale 250
Maria (Qu bec)
G0C 1Y0
Yvon Roberge Caisse populaire Director
Notre-Dame des Federation des caisses
Victoires populaires
5790, avenue Desjardins de Montreal
Pierre-de-courbertin et de l'Ouest-du-Qu bec
Montreal (Qu bec)
H1N 1R4
Andre Roy Universite de President
Sherbrooke Federation des caisses
Faculte de populaires
l'Administration Boul. Desjardins de l'Estrie
Universite
Sherbrooke (Qu bec)
J1K 2R1
Michel Roy 618, rue de l'Entente President
St. Charles Borromee Federation des caisses
(Qu bec) populaires
J6E 6N8 Desjardins de
Lanaudiere
Andre Talbot Federation des caisses Senior Vice President
populaires and
Desjardins de General Manager
l'Abitibi
532, 7 rue ouest
Amos (Qu bec)
J9T 3W7
Pierre Tardif Caisse populaire de Director
Longueuil Federation des caisses
1, rue St. Charles populaires
ouest Desjardins de Montreal
Longueuil (Qu bec) et de
J4H 1C4 l'Ouest-du-Qu bec
</TABLE>
<PAGE> 6
EXHIBIT A
Page of ___
___
OFFICERS OF LA CONFEDERATION DES CAISSES POPULAIRES
ET D'ECONOMIE DESJARDINS DU QU BEC
<TABLE>
<CAPTION>
Name Business Address Principal Occupation ____ ________________
<S> <C> <C>
Claude Beland La Confederation des President and Chairman
caisses populaires et of the Board
d'economie
Desjardins due Qu bec
100, avenue des
Commandeurs
Levis (Qu bec)
G6V 7N5
Jean-Eudes Bergeron Federation des caisses Senior Vice President
populaires and General Manager
Desjardins du
Saguenay-Lac
St-Jean
50, rue des Roses
Metabetchouan (Qu bec)
G0W 2A0
Yvan Caron Federation des caisses 2nd Vice Chairman of
populaires the Board
Desjardins du Qu bec La Confederation des
95, avenue des caisses
Commandeurs populaires et
Levis (Qu bec) d'economie Desjardins
G6V 6P6 du
Qu bec
Alban D'Amours La Confederation des Senior Vice President
caisses and Chief of
populaires et Development and
d'economie Auditing
Desjardins du Qu bec
100, avenue des
Commandeurs
Levis (Qu bec)
G6V 7N5
Michel Doray Confederation des Senior Vice President,
caisses Public and Internal
populaires et Affairs
d'economie Desjardins
du
Qu bec
100, avenue des
Commandeurs
Levis (Qu bec)
G6V 7N5
Jocelyn Proteau Federation des caisses President and Chief
populaires Executive Officer
Desjardins de
Montreal et de
l'Quest-du-Qu bec
1, complexe
Desjardins, bureau
4022
Montreal (Qu bec)
H5B 1E7
<PAGE> 7
EXHIBIT A
Page of ___
___
Michel Therien La Confederation des Senior Vice President
caisses and Chief
populaires et Operating Officer
d'economie
Desjardins du Qu bec
100, avenue des
Commandeurs
Levis (Qu bec)
G6V 7N5
</TABLE>
<PAGE> 8
EXHIBIT A
Page of ___
___
OFFICERS OF LA SOCIETE FINANCIERE
DES CAISSES DESJARDINS INC.
<TABLE>
<CAPTION>
Name Business Address Principal Occupation ____ ________________
<S> <C> <C>
Claude Beland La Confederation des Chairman of the Board
caisses and
populaires et Chief Executive Officer
d'economie Desjardins
du Qu bec
100, avenue des
Commandeurs
Levis (Qu bec)
G6V 7N5
Yvan Caron Federation des caisses President
populaires
Desjardins du Qu bec
95, avenue des
Commandeurs
Levis (Qu bec)
G6V 6P6
Arslan El Guindy La societe financiere Vice President, Finance
des caisses
Desjardins inc.
1, Complexe Desjardins
C.P. 1024, succursale
Desjardins
Tour Sud, 36 etage
Montreal (Qu bec)
H5B 1C2
Jean Marc 532, rue Genest Secretary of the Board
St-Romuald (Qu bec) La societe financiere
G6W 2X9 des caisses
Desjardins inc.
Humbertos Santos Caisse centrale President and Chief
Desjardins Operating Officer
1, Complexe Desjardins La societe financiere
Bureau 2822 des caisses
Case postale 220 Desjardins inc.
Montreal (Qu bec)
H5B 1B3
</TABLE>
<PAGE> 9
EXHIBIT A
Page of ___
___
LIST OF DIRECTORS AND EXECUTIVE OFFICERS OF LA SOCI T
FINANCIERE DESJARDINS LAURENTIENNE INC.
I. DIRECTORS
<TABLE>
<CAPTION>
Name Business Address Principal Occupation ____ ________________
<S> <C> <C>
Claude B land La Conf d ration des President and Chairman
caisses populaires et of the Board
d'economie Desjardins
du Qu bec
100, avenue des
Commandeurs
L vis (Qu bec)
G6V 7N5
Simon Caron 28, rue Pelletier President
St-Louis-du-Ha-Hal F d ration des caisses
(Qu bec) populaires Desjardins
G0L 3S0 du Bas St-Laurent
Yvan Caron Federation des caisses President
populaires
Desjardins du Qu bec
95, avenue des
Commandeurs
L vis (Qu bec)
G6V 6P6
Raymond Gagne Case postale 9 President
Gaspe (Qu bec) Federation des caisses
G0C 1R0 populaires
Desjardins de la
Gaspesie et des
Iles-de-la-Madeleine
Michel Latour Federation des caisses Senior Vice President
populaires and
Desjardins de General Manager
Richelieu-Yamaska
2175, rue Girouard
ouest
Case postale 2000
St. Hyacinthe (Qu bec)
J2S 3A9
Robert O'Farrell Federation des caisses President
populaires
Desjardins du centre
du Qu bec
2000, boul. des
Recollets
Case postale 1000
Trois-Rivieres
(Qu bec)
G9A 5K3
Albert Ouellet Federation des caisses Senior Vice President
populaires and
Desjardins de l'Estrie General Manager
1845, rue King ouest
Sherbrooke (Qu bec)
J1J 2E4
<PAGE> 10
EXHIBIT A
Page of ___
___
Jocelyn Proteau Federation des caisses President and Chief
populaires Executive Officer
Desjardins de Montreal
et de
l'Ouest-du-Qu bec
1, complexe
Desjardins, bureau
4022
Montreal (Qu bec)
H5B 1E7
Michel Roy 618, rue de l'Entente President
St. Charles Borromee Federation des caisses
(Qu bec) populaires
J6E 6N8 Desjardins de
Lanaudiere
Humberto Santos Caisse centrale President and Chief
Desjardins Executive Officer
1, Complexe Desjardins La societe financiere
Desjardins Laurentienne
Bureau 2822 inc.
Case postale 220
Montreal (Qub c)
H5B 1B3
</TABLE>
<PAGE> 11
EXHIBIT A
Page of ___
___
II. EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Name Business Address Principal Occupation ____ ________________ _
<S> <C> <C>
Claude Beland La Confederation des President and Chairman
caisses populaires et of the Board
d'economie Desjardins
du Qu bec
100, avenue des
Commandeurs L vis
(Qu bec)
G6V 7N5
Arslan El Guindy La societe financiere Vice President, Finance
des caisses Desjardins
inc.
1, Complexe Desjardins
C.P. 1024, succursale
Desjardins Tour Sud,
36e etage Montreal
(Qu bec)
H5B 1C2
Fernand LaFleur La societe financiere Senior Vice President,
Desjardins Financial and Strategic
Laurentienne inc. Management
1, Complexe Desjardins
Tour Sud 36e etage
Montreal (Qu bec)
H5B 1C2
Jean-Guy Larochelle La Confederation des Secretary
caisses populaires et La societe financiere
d'economie Desjardins Desjardins Laurentienne
du quebec inc.
100, avenue des
Commandeurs
Levis (Qu bec)
G6V 7N5
Guy Rivard La societe financiere Senior Vice President,
Desjardins Assets and Liabilities
Laurentienne inc.
1, Complexe Desjardins
Tour Sud 36e etage
Montreal (Qu bec)
H5B 1C2
Humberto Santos Caisse centrale President and Chief
Desjardins Executive Officer
1, Complexe Desjardins
Bureau 2822 La soci t financi re
Case postale 220 Desjardines
Montr al (Qu bec) Laurentienne inc.
HSB 1B3
</TABLE>
<PAGE> 12
EXHIBIT A
Page of ___
___
LIST OF DIRECTORS AND EXECUTIVE OFFICERS OF THE
IMPERIAL LIFE ASSURANCE COMPANY OF CANADA
I. Directors
<TABLE>
<CAPTION>
Name Business Address Principal Occupation _______ _ ____ _______
<S> <C> <C>
Jean A. Arvis De la Campagnie de Advisor to the
Suez Immeable C.F.I. Pr sident
4e tage
21-23, rue de la Ville
l'Eveque
75008 Paris, France
(Mr. Arvis is a French
Citizen)
Allan L. Beattie Eaton's of Canada Vice-Chairman
Limited
250 Yonge Street, 15th
Floor
Toronto, Ontario
M5B 1CB
Robert G. Brown The Imperial Life President
Assurance Company of
Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Dr. Paul E. The Clarke Institute Psychiatrist-in-Chief
Garfinkel of Psychiatry
250 College Street
Room 835
Toronto, Canada
M5T 1C8
Lord Marsh of Laurentian Financial Executive Chairman
Mannington Group plc. of the Board
Laurentian House
Barnwood, Gloucestor
England
GL4 7RZ
(Lord Marsh is a
British Citizen)
Charles P. Matheson The Imperial Life Director
Assurance Company of
Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
William G. Munro The Imperial Life Director
Assurance Company of
Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
The Hon. Brenda Senate of Canada Senator
Robertson Suite 303
Victoria Building
Ottawa, Ontario
K1A 0A4
<PAGE> 13
EXHIBIT A
Page of ___
___
Robert St.-Jacques The Imperial Life Chairman of the Board
Assurance Company of and CEO
Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Sandra Sutherland, The Imperial Life Director
Q.C. Assurance Company of
Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
II. Executive
Officers
Robert G. Brown The Imperial Life President
Assurance Company of
Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Bernard Dorval The Imperial Life President and CEO
Assurance Company of Laurentian/Imperial
Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Paul Gauthier The Imperial Life Executive Vice
Assurance President
Company of Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
John Gilfoyle The Imperial Life Vice President,
Assurance Investments
Company of Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Claude Samson The Imperial Life Senior Vice-President
Assurance and Chief Financial
Company of Canada Officer
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Robert St.-Jacques The Imperial Life Chairman of the Board
Assurance and CEO
Company of Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Genois Vachon The Imperial Life Vice President-
Assurance Manufacturing
Company of Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
<PAGE> 14
EXHIBIT A
Page of ___
___
David A. Wright The Imperial Life Senior Vice-President
Assurance and Chief Actuary
Company of Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
</TABLE>
<PAGE> 15
EXHIBIT A
Page of ___
___
LIST OF OFFICERS/DIRECTORS OF LAURENTIAN FINANCIAL INC.
I. DIRECTORS
<TABLE>
<CAPTION>
Name Business Address Principal Occupation ____ ________________
<S> <C> <C>
Jean A. Arvis De la Campagnie de Suez Advisor to the
Immeuble C.F.I 4e etage President
21-23, rue de la Ville
l'Ev que
75008 Paris, France
(Mr. Arvis is a French
Citizen)
Marcel Aubut Aubut Chasot Attorney
Avocats
2, Place Qu bec
C.P. 910
Qu bec (Qu bec)
G1R 4T4
Allan L. Beattie Eaton's of Canada Vice-Chairman
Limited
250 Yonge Street
Toronto, Ontario
M5B 1CB
Mario Bertrand 940 A, chemin Bond du Director,
lac Laurentian Financial
Dorval (Qu bec) Inc.
H9S 2C5
Claude Castonguay Laurentian Bank of Chairman of the Board
Canada
1961, avenue McGill
College
Tour Banque
Laurentienne
Bureau 2070
Montr al (Qu bec)
H3A 3K3
Guy J. Desmarais Dercan Ltd. Chairman of the Board
5160, boul. D carie and Chief Operating
Bureau 665 Officer
Montr al (Qu bec)
H3X 2H9
Jacques A. Drouin Laurentian Group Chairman of the Board
Corporation and Chief Operating
1100, Boul Officer
Ren -L vasque ouest
2e etage
Montreal (Qu bec)
H3B 4NY
Andre LeBal T l globe Canada inc President and Chief
1000, de la Gaucheti re Operating Officer
23e etage
Montreal (Qu bec)
H3B 4X5
<PAGE> 16
EXHIBIT A
Page of ___
___
Jean-Guy Paquet Laurentian Life Inc President,
500, Garde All e est
Qu bec (Qu bec)
G1R 5M4
Anne Porier Key Porier Books President
70 the Esplanada
2d Floor
Toronto, Ontario
M5H 1R2
Robert T. Raikich Laurentian Capital President and CEO
Corporation
630 Lee Road, # 303
Wayne, Pa. 19087
(Ms. Raikich is a U.S.
citizen)
Robert St. Jacques The Imperial Life Chairman of the Board
Assurance Company of and CEO
Canada
95 St. Clair Avenue
ouest
2d Floor
Toronto, Canada
M4V 1N7
II. OFFICERS
Name Home Address Principal Occupation ____ ____________
Robert E. Brown Laurentian Financial Executive
Inc. Vice-President,
1100 Rene-Levasque Toronto, Distribution
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Peter Dabbekeh Laurentian Financial Executive
Inc. Vice-President,
1100 Rene-Levasque Investment Funds
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Mark Delvecchio Laurentian Financial Vice-President,
Inc. Mortgage Portfolio
1100 Rene-Levasque Management
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Sylvie Dion Laurentian Financial Vice President and
Inc. Actuary
1100 Rene-Levasque
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
<PAGE> 17
EXHIBIT A
Page of ___
___
Bernard Dorval The Imperial Life Executive Vice
Assurance President and Chief
Company of Canada Operating Officer
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Jacques Drouin Laurentian Financial Chairman of the Board
Inc.
1100 Rene-Levasque
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Stephen R. Dube Laurentian Financial Senior Vice-President,
Inc. Mortgage and Corporate
1100 Rene-Levasque Financing
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Richard Furland Laurentian Financial Executive Vice
Inc. President
1100 Rene-Levasque
Boulevard Oest, 2nd Asset Management and
floor Corporate
Montreal, Qu bec Finance
H3B 4NY
Paul Gauthier The Imperial Life Executive Vice
Assurance President
Company of Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
John Gifoyle The Imperial Life Vice President,
Assurance Investments
Company of Canada
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Rod Holmes Laurentian Financial Vice-Pesident, Human
Inc. Resources and
1100 Rene-Levasque Organizational
Boulevard Oest, 2nd Development
floor
Montreal, Qu bec
H3B 4NY
Brian Hurley Laurentian Financial Vice-President, Credit
Inc. (Mortgage and Corporate
1100 Rene-Levasque Financing-MCF)
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
June Jaeklin Laurentian Financial Assistant
Inc. Vice-President,
1100 Rene-Levasque Human Resources
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
<PAGE> 18
EXHIBIT A
Page of ___
___
Michael Lebel Laurentian Financial Vice-President,
Inc. Central Region
1100 Rene-Levasque (Mortgage and Corporate
Boulevard Oest, 2nd Financing-MCF)
floor
Montreal, Qu bec
H3B 4NY
Jacques LeBlanc Laurentian Financial Senior Vice-President
Inc. and Chief Technology
1100 Rene-Levasque Officer
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Jerry O'shea Laurentian Financial Vice-President
Inc. Information Sstems for
1100 Rene-Levasque Poducts and Service
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Jean-Guy Paquet Laurentian Financial Executive
Inc. Vice-Pesident,
1100 Rene-Levasque Distribution Qu bec
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Ian Pollock Laurentian Financial Vice-President,
Inc. Western Region,
1100 Rene-Levasque Mortgage and Corporate
Boulevard Oest, 2nd Financing
floor
Montreal, Qu bec
H3B 4NY
Pierre Rousseau Laurentian Financial Vice-President,
Inc. Affaires
1100 Rene-Levasque Juridiques-Corportif
Boulevard Oest, 2nd et Secretaire
floor
Montreal, Qu bec
H3B 4NY
Claude Samson Laurentian Financial Senior Vice-President
Inc. and Chief Financial
1100 Rene-Levasque Officer
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
Robert St. Jacques The Imperial Life Chairman of the Board
Assurance and
Company of Canada Chief Executive Officer
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
Alain Thaveth Laurentian Financial Vice-President,
Inc. Planning
1100 Rene-Levasque
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
<PAGE> 19
EXHIBIT A
Page of ___ ___
Genole Vachon Laurentian Financial Executive
Inc. Vice-President,
1100 Rene-Levasque Product and Service
Boulevard Oest, 2nd
floor
Montreal, Qu bec
H3B 4NY
David Wright The Imperial Life Senior Vice-President
Assurance and
Company of Canada Chief Actuary
95 St. Clair Avenue
West
Toronto, Canada
M4V 1N7
</TABLE>
<PAGE> 20
EXHIBIT A
Page of ___
___
LIST OF DIRECTORS AND OFFICERS OF LA
CORPORATION DU GROUPE LA LAURENTIENNE
I. DIRECTORS
<TABLE>
<CAPTION>
Names Business Address Principal Occupation _____ ________________
<S> <C> <C>
Jean Arvis Immeuble CFI, 4eetage Adviser to the
21, rue de la Ville President
l'Ev que
75008 Paris, France
(Mr. Arvis is a French
citizen)
Allan L. Beattie Eaton's of Canada Vice Chairman of the
Limited Board
250 Yonge Street, 15th
Floor
Toronto, Ontario
M5B 1C6
Andre J. Barque La Corporation du Vice-President,
Groupe la Laurentienne Administration and
1100, boul. Ren Secretary
Lev sque Ouest
25e etage
Montreal (Qu bec)
H3B 4N4
Claude Castonguay Laurentian Bank of Chairman
Canada
1981, avenue McGill
College
Bureau 2070
Montreal (Qu bec)
H3A 3K3
Jacques A. Drouin The Laurentian Group Chairman and CEO
Corporation
1100, boul.
Ren -L vesque Ouest
25e etage
Montreal (Qu bec)
H3B 4N4
Pierre Ducros Groupe DMR inc. Chairman and CEO
1200, rue McGill
College
Bureau 2300
Montreal (Qu bec)
H3B 4G7
Guy Dufresne La Compagnie Miniere President and CEO
Qu bec Cartier
1801, avenue McGill
College
Bureau 1400
Montreal (Qu bec)
H3A 2N4
<PAGE> 21
EXHIBIT A
Page of ___
___
George R. Eaton The T. Eaton Company President
Limited
250 Yonge Street, 15th
Floor
Toronto, Ontario
M5B 1C8
Christina Gold Avon Canada Inc. Chairman, President and
550, route CEO
Transcanadienne
Pointe-Clair (Qu bec)
H9R 4R3
Serge Gavin La Groupe Videotron President and CEO
Lt e
300, avenue Viger Est.
6e etage
Montreal (Qu bec)
H2X 3W4
Remi Marcoux Groupe Transcontinental Chairman, President and
G.T.C. Lt e CEO
1, place Ville-Marie,
Bureau 3315
Montreal (Qu bec)
H3B 3N2
Lord Marsh of Laurentian Financial Executive Chairman of
Mannington Group plc. Laurentian the Board
House
Barnwood, Gloucester
GL4 7R7
England
(Lord Marsh is a
British citizen)
Michael A. Meighen, Merrill Lynch Canada Attorney, Meighen
O.C. Centre, Demers
Sun Life Tower
200 King Street West,
11th Floor
Toronto, Ontario
M5H 3T4
Guy Rivard The Laurentian Group Principal
Corporation Vice-President
1100, boul.
Rene-Levesque Ouest
25e etage
Montreal (Qu bec)
H3B 4N4
Charles Sirois T l syt me National Chairman and CEO
Lt e
1000, rue de la
Gauchetl re Ouest
24e etage
Montr al (Qu bec)
Dicher Wedelstadt Colonia Konzern AG Chairman of the
Colonia Allee 10-20 Supervisory Board
Postfach 805050
5000 K ln 80, GERMANY
(Mr. Wedelstadt is a
German citizen)
<PAGE> 22
EXHIBIT A
Page of ___
___
Patrick Werner compagnie Financi re du General Manager,
Groupe Financi re
Victoire
52, rue de la Victoire
75009 Paris, France
(Mr. Werner is a French
citizen)
II. OFFICERS
Andr J. Bourque The Laurentian Group Vice-President,
Corporation Administration and
1100, boul. Corporate
Ren -Levesque ouest, Secretary
25e etage
Montreal (Qu bec)
H3B 4NY
Jacques Drouin The Laurentian Group Chairman and CEO
Corporation
1100, boul.
Ren -Levesque ouest,
25e etage
Montreal (Qu bec)
H3B 4NY
Claude E. Forget The Laurentian Group Vice President,
Corporation Corporate
1100, boul. Affairs
Ren -Levesque ouest,
25e etage
Montreal (Qu bec)
H3B 4NY
Richard Gorest The Laurentian Group Vice President and
Corporation Controller
1100, boul.
Ren -Levesque ouest,
25e etage
Montreal (Qu bec)
H3B 4NY
Pierre Matuszewski The Laurentian Group Vice President and
Corporation Treasurer
1100, boul.
Ren -Levesque ouest,
25e etage
Montreal (Qu bec)
H3B 4NY
Pierre Melangon The Laurentian Group Vice President,
Corporation Marketing
1100, boul.
Ren -Levesque ouest,
25e etage
Montreal (Qu bec)
H3B 4NY
<PAGE> 23
EXHIBIT A
Page of ___
___
Guy Rivard The Laurentian Group Senior Vice President,
Corporation Finance
1100, boul.
Ren -Levesque ouest,
25e etage
Montreal (Qu bec)
H3B 4NY
Louis Roy The Laurentian Group Principal
Corporation Vice-President
1100, boul.
Ren -Levesque ouest,
25e etage
Montreal (Qu bec)
H3B 4NY
Bernard Schilz The Laurentian Group Vice President,
Corporation Taxation
1100, boul.
Ren -Levesque ouest,
25e etage
Montreal (Qu bec)
H3B 4NY
</TABLE>
<PAGE> 1
Exhibit B Page 1 of 1
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each of the corporations
executing this instrument hereby constitutes and appoints
Laurentian Capital Corporation ("Laurentian Capital") as its true
and lawful attorney-in-fact and agent for it and in its name,
place and stead and on its behalf, to prepare and execute
Schedules 13D or 13G or any other filing or any amendments thereto
under the United States Securities and Exchange Act of 1934, in
such form as may be required by the Securities and Exchange
Commission, reporting the beneficial ownership of equity
securities of any corporation of which 5% or more is held by
Laurentian Capital or any affiliate of Laurentian Capital, and to
file the same with all required exhibits thereto and other
documents in connection therewith the Securities and Exchange
Commission, and hereby grants to said attorney-in-fact full power
and authority to do, take, and perform all and every act and thing
contemplated hereunder, hereby ratifying and confirming all that
said attorney-in-fact and agent may lawfully do or cause to be
done by virtue hereof; and each of the undersigned agrees that
each statement so filed pursuant to this instrument is filed on
its behalf. The rights, powers, and authority shall remain in
full force and effect until terminated in writing, by an
authorized representative of said corporation.
THE LAURENTIAN MUTUAL MANAGEMENT
CORPORATION
Date: Aug 27/91 By: /s/ Pierre Rousseau
Title: Vice-President, Legal Affairs
THE LAURENTIAN LIFE AND HEALTH CORPORATION
Date: Aug 27/91 By: /s/ Pierre Rousseau
Title: Vice-President, Legal Affairs
THE LAURENTIAN GROUP CORPORATION
Date: Aug 19/91 By: /s/ Etienne Dubreuil
Title: Vice-President, Legal Affairs &
Secretary
LAURENTIAN FINANCIAL INC.
Date: Aug 27/91 By: /s/ Pierre Rousseau
Title: Vice-President, Legal Affairs -
Corporate
THE IMPERIAL LIFE ASSURANCE COMPANY OF
CANADA
Date: Aug 20/91 By: /s/ E. Harold Wykes
Title: Vice-President and Secretary
<PAGE>
<PAGE>
EXHIBIT C
Page ___ of ___
English translation of the Offer for Financing entered
into between the parties described hereunder as of
December 20, 1993. This document has no binding effect.
December 20, 1993
Mr. Arslan el Guindy
Finance and Treasury Vice-president
LA SOCIETE FINANCIERE DES CAISSES
DESJARDINS INC.
1, Complexe Desjardins
Tour Sud, 36th Floor
Montreal, Quebec
H5B 1B2
Re: Offer of Financing
Dear Sirs:
We are pleased to confirm that the Caisse
centrale Desjardins consents to put at your disposal the
credit described herein, subject to the terms and
conditions set out below.
<TABLE>
<S> <C>
BORROWER Societe financere des caisses
Desjardins inc. (SFCD or the
Borrower).
LENDER Caisse centrale Desjardins
(Caisse centrale).
LOAN The maximum amount of the
loan/commitment shall not exceed
$79,000,000 and shall be
allocated as follows:
Tranche A - $74,000,000
Bridge commitment expiring
June 30, 1994.
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EXHIBIT C
Page ___ of ___
- 2 -
Tranche B - $5,000,000
Revolving demand loan expiring
June 30, 1994.
PURPOSE Tranche A - $74,000,000
In order to carry out the cash
payment for the exchange bid
filed by Desjardins Laurentian
Financial Corporation Inc. (DLSC).
Tranche B - $5,000,000
To be used as a line of credit in
order to fulfill any liquidity
needs.
DISBURSEMENT DATES Tranches A & B
Available from January 1, 1994.
INTEREST RATE Tranche A
The Caisse centrale's cost of
funds + 3/4% of 1% yearly for the
terms of 30, 60 and 90 days but
not exceeding June 30, 1994.
Tranche B
Prime rate of the Caisse centrale.
DRAWDOWN NOTICE Tranche A
The Borrower shall give notice
before 10 o'clock a.m., 2
business days before any drawdown
or rollover.
INTEREST PAYABLE Tranche A
The interest shall be calculated
in function of the number of days
passed from the disbursement date
based on a 365 day year.
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EXHIBIT C
Page ___ of ___
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The interest shall be payable at
the end of each term by debiting
the Borrower's account with the
Caisse centrale.
Tranche B
The interest shall be calculated
in function of the number of days
passed from the disbursement date
based on a 365 day year.
The interest shall be payable
monthly, on the first day of each
month by debiting the Borrower's
account with the Caisse centrale.
DEFINITION OF COST Regarding Tranche A, the cost of
OF FUNDS AND OF funds of the Caisse centrale for
PRIME RATE the expiry dates chosen shall be
the cost of its money market
securities including brokerage
fees for the same terms or expiry
dates.
Regarding Tranche B, the prime
rate is defined as the annual
interest rate set from time to
time by the Caisse centrale for
commercial demand loans offered
in Canada, in Canadian currency.
In the event that the Caisse
centrale would be subject to the
levy of taxes, other than on
imposable income, and/or
additional reserves regarding
different methods of calculating
interest or provisions concerning
capital structure that would
increase its cost of funds, such
taxes and/or reserves shall be
added to its cost of funds.
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EXHIBIT C
Page ___ of ___
- 4 -
SECURITY Tranche A
No security.
Tranche B
No security.
COVENANTS The Borrower shall not assign nor
sell a large or significant part
of its assets, nor assign or
incumber with security or
priority, or pledge its assets,
shares or investments, without
prior written consent of the
Lender.
OTHER CONDITIONS - Provide consolidated and
unconsolidated unaudited
financial statements not
later than 45 days following
the end of the quarter.
- Provide audited consolidated
and unconsolidated annual
financial statements not
later than 90 days following
the end of the fiscal year.
- Provide consolidated and
unconsolidated annual
operating budgets not later
than 30 days following the
beginning of the fiscal year.
EVENT OF DEFAULT Upon the occurrence of one of the
events described hereunder, the
amount borrowed and interest
accrued shall immediately be
repayable, without prior notice:
- In the event that the
Borrower is in default in the
performance or fulfillment of
the conditions contained
herein;
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EXHIBIT C
Page ___ of ___
- 5 -
- The Borrower omits to make
an interest and/or a capital
repayment and/or is in
default with respect to
covenants entered into with
other lenders;
- The Borrower becomes
insolvent and/or bankrupt
and/or consents to the
nomination of a trustee
and/or files a notice of
proposal.
The fact that the Caisse centrale
should choose not to exercise its
rights in the event of default by
the Borrower shall not be
interpreted as a renunciation by
the Caisse centrale as to its
rights and/or to such event of
default.
DOCUMENTS No other document shall govern
the agreement between the parties.
GOVERNING LAW This offer of financing shall be
governed by the laws of the
Province of Quebec.
EXPIRY DATE This offer of financing shall
remain valid until December 31,
1993 after which it will be
deemed null and of no effect.
</TABLE>
We hope that this offer corresponds to the needs of La
Societe financiere des caisses Desjardins inc. Would
you be so kind as to confirm your acceptance by signing
the enclosed duplicate in the space provided therefore
and return it to us. In the meanwhile, if you have any
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EXHIBIT C
Page ___ of ___
- 6 -
questions or comments, please do not hesitate to contact
the undersigned.
Yours very truly,
<TABLE>
<S> <C>
Maurice Guay Jim McLeod
Director Vice-president
Financing and Banking Services Financing and Banking Services
</TABLE>
In conformity with the authority conferred to us, we accept the
present offer of financing.
Montreal, 1993.
LA SOCIETE FINANCIERE DES CAISSES DESJARDINS INC.
Per:[SIGNED Arslan el Guindy] Per:[SIGNED Humberto Santos]
<PAGE>
