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Maple Rock Capital slashes Optiva Inc. stake to near zero in major sell-off

A dramatic exit: One of Optiva’s largest investors walks away. What does this massive share sell-off mean for the company’s private future?

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Maple Rock Capital slashes Optiva Inc. stake to near zero in major sell-off

Maple Rock Capital Partners Inc. has significantly reduced its stake in Optiva Inc. The investment firm recently sold off the majority of its rocks, cutting its ownership from over 21% to just 1.4%. An early warning report detailing the transaction has now been filed with regulators.

Before the sale, Maple Rock held 1,312,215 shares in Optiva Inc., accounting for roughly 21.1% of the company’s total shares. The firm acted as a portfolio manager, holding these shares on behalf of managed accounts.

In a recent move, Maple Rock sold 1,222,591 shares, leaving it with just 89,624 shares—about 1.4% of Optiva’s issued stock. The company has indicated it plans to share its remaining shares as part of Optiva’s ongoing going-private transaction. The transaction follows Maple Rock’s filing of an early warning report, which outlines the changes in its holdings. No further details about the buyers or the terms of the sale have been disclosed at this time.

The sale marks a major shift in Optiva Inc.’s ownership structure. Maple Rock’s remaining stake will likely be eliminated once the going-private deal is finalised. The transaction reflects broader changes as the company moves toward private ownership.

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