• Westaim sells Jevco in an all-cash transaction for C$530 million to Intact Financial Holdings Ltd., resulting in a very successful investment for Westaim shareholders, generating an gross unlevered internal rate of return (“IRR”) of 28.9% over its approximate 28 month holding period.
  • Westaim pays a cash distribution of C$37.50 per common share split adjusted (~C$520 million) by way of a return of capital to its shareholders.