LAVAL, QC , Feb. 8, 2020 /CNW Telbec/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (ATD-A.TO) (ATD-B.TO) announces today that Mr. Brian Hannasch , President and Chief Executive Officer, has informed the Corporation of his intention to exercise 225,000 stock options of Class B subordinated voting shares. Following this exercise, Mr. Hannasch will sell the shares on the open market to meet certain financial planning commitments.
The options, which are set to expire on April 23, 2020 , stem from a grant in April 2010 .
About Alimentation Couche-Tard Inc.
Couche-Tard is the leader in the Canadian convenience store industry. In the United States , it is the largest independent convenience store operator in terms of the number of company-operated stores. In Europe , Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries ( Norway , Sweden and Denmark ), in the Baltic countries ( Estonia , Latvia and Lithuania ), as well as in Ireland , and has an important presence in Poland .
As of October 13, 2019 , Couche-Tard's network comprised 9,815 convenience stores throughout North America , including 8,591 stores with road transportation fuel dispensing. Its North American network consists of 19 business units, including 15 in the United States covering 48 states and 4 in Canada covering all 10 provinces. Approximately 109,000 people are employed throughout its network and at its service offices in North America .
In Europe , Couche-Tard operates a broad retail network across Scandinavia, Ireland , Poland , the Baltics and Russia through ten business units. As of October 13, 2019 , Couche-Tard's network comprised 2,708 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated fuel stations which only offer road transportation fuel. Couche-Tard also offers other products, including aviation fuel and energy for stationary engines. Including employees at branded franchise stores, approximately 24,000 people work in its retail network, terminals and service offices across Europe .
In addition, under licensing agreements, approximately 2,280 stores are operated under the Circle K banner in 16 other countries and territories ( Cambodia , China , Costa Rica , Egypt , Guam , Honduras , Hong Kong , Indonesia , Jamaica , Macau , Mexico , Mongolia , New Zealand, Saudi Arabia , the United Arab Emirates and Vietnam ), which brings the worldwide total network to more than 14,800 stores.
For more information on Alimentation Couche-Tard Inc. or to consult its quarterly Consolidated Financial Statements and Management Discussion and Analysis, please visit: https://corpo.couche‑tard.com.
The statements set forth in this press release, which describes Couche-Tard's objectives, projections, estimates, expectations or forecasts, may constitute forward looking statements within the meaning of securities legislation. Positive or negative verbs such as "believe", "can", "shall", "intend", "expect", "estimate", "assume" and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated in or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche Tard's actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in the reports filed by Couche-Tard with securities regulatory authorities in Canada . Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of the release.
SOURCE Alimentation Couche-Tard Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2020/08/c8283.html