Hennick Amends Colliers International Group Stake

TL;DR

Jay Hennick just updated his Colliers International stake filing. Watch this space.

AI Summary

Jay S. Hennick filed an amendment (Amendment No. 3) to Schedule 13D on February 28, 2024, regarding Colliers International Group Inc. This filing indicates a change in beneficial ownership of the company's subordinate voting shares. The specific details of the change in ownership, including the number of shares and percentage, are not explicitly stated in this excerpt but are the subject of the amendment.

Why It Matters

Changes in beneficial ownership filings like this can signal significant shifts in control or investment strategy by major shareholders, potentially impacting the stock price and future corporate actions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Players & Entities

• Jay S. Hennick (person) — Filing party and beneficial owner
• Colliers International Group Inc. (company) — Subject company
• 194693107 (other) — CUSIP Number for subordinate voting shares

FAQ

Filing Documents

• sc13da306307cigi_02292024.htm (SC 13D/A) — 228KB
• ex991to13da306307cigi_022924.htm (EX-99.1) — 13KB
• 0000921895-24-000558.txt ( ) — 243KB

Identity and Background

Item 2. Identity and Background .

is hereby amended

Item 2 is hereby amended and restated to read as follows: (a) This statement is filed by (i) Jay S. Hennick, (ii) Henset Capital Inc., an Ontario, Canada corporation (“Henset Capital”), of which Mr. Hennick serves as the sole director and the Chairman, Chief Executive Officer and President, (iii) FSV Shares LP (“FSV”), a limited partnership existing under the laws of the Province of Ontario, which is controlled by Mr. Hennick, (iv) 2688845 Ontario Inc. (“FSV GP”), an Ontario corporation of which Mr. Hennick is the sole director, Chairman and Chief Executive Officer, (v) FSV Shares III LP (“FSV III”), a limited partnership existing under the laws of the Province of Ontario, which is controlled by Mr. Hennick, (v) 2777613 Ontario Inc. (“FSV III GP”), an Ontario corporation of which Mr. Hennick is the sole director, President and Secretary, and (v) The Jay & Barbara Hennick Family Foundation, a Canadian non-for-profit corporation (the “Foundation”) of which Mr. Hennick serves as the President and a director. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. Set forth on Schedule A annexed hereto (“Schedule A”) is the name and present principal business, occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted of the executive officers and directors of Henset Capital, FSV GP, FSV III GP and the Foundation. (b) The principal business address of each of the Reporting Persons is 1140 Bay Street, Suite 4000 Toronto, Ontario, Canada M5S 2B4. (c) The principal occupation of Mr. Hennick is serving as the Chairman and Chief Executive Offi

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby

Item 3 is hereby amended to add the following: As further described in Item 6 hereto, the Convertible Notes (as defined below) were fully converted or redeemed, and are no longer outstanding.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a)-(c) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by the Reporting Persons is based on 50,066,376 Shares outstanding, as of February 28, 2024, which consists of 46,246,182 Shares outstanding as of February 22, 2024, as reported in the Issuer’s Prospectus Supplement on Form F-10 filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024, plus 2,479,500 Shares issued in a public offering as reported on the Issuer’s Form 6-K (the “6-K) filed with the SEC on February 28, 2024, plus 1,325,694 shares underlying the Multiple Voting Shares, plus 15,000 shares issued upon the exercise of stock options by certain optionholders (not including the Reporting Persons) under the Issuer’s stock option plan. A. Mr. Hennick (a) As a result of the relationships described in Item 2 hereof, Mr. Hennick may be deemed to beneficially own the (i) 2,989,209 Shares beneficially owned directly by Henset Capital, which includes 1,325,694 Multiple Voting Shares, each of which is convertible into one Share at any time at the election of the holder thereof, (ii) 3,172,858 Shares beneficially owned directly by FSV, (iii) 355,214 Shares beneficially owned directly by FSV III, and (iv) 31,400 Shares beneficially owned directly by the Foundation. Percentage: Approximately 13.1% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 6,548,681 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 6,548,681 (c) Mr. Hennick has not entered into any transactions in the Shares during the past sixty (60) days. B. Henset Capital (a) As of the close of business on February 29, 2024, Henset Capital beneficially owned directly 2,989,209 Shares, which includes 1,325,694 Multiple Voting Shares, each of which is convertible into one Share at any ti

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer .

is hereby amended

Item 6 is hereby amended to add the following: The Convertible Notes were fully converted or redeemed pursuant to their terms on or after June 1, 2023, and are no longer outstanding. On March 1, 2024, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits .

is hereby amended

Item 7 is hereby amended to add the following: 99.1 Joint Filing Agreement by and among Jay S. Hennick, Henset Capital Inc., FSV Shares LP, 2688845 Ontario Inc., FSV Shares III LP, 2777613 Ontario Inc., and The Jay & Barbara Hennick Family Foundation, dated March 1, 2024. 12 CUSIP No. 194693107

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated:March 1, 2024 HENSET CAPITAL INC. By: /s/ Jay S. Hennick Name: Jay S. Hennick Title: Chief Executive Officer and President FSV SHARES LP By: 2688845 Ontario Inc., its general partner By: /s/ Jay S. Hennick Name: Jay S. Hennick Title: Chairman and CEO FSV SHARES III LP By: 2777613 Ontario Inc., its general partner By: /s/ Jay S. Hennick Name: Jay S. Hennick Title: President and Secretary 2688845 ONTARIO INC. By: /s/ Jay S. Hennick Name: Jay S. Hennick Title: Chairman and CEO 2777613 ONTARIO INC. By: /s/ Jay S. Hennick Name: Jay S. Hennick Title: President and Secretary 13 CUSIP No. 194693107 THE JAY & BARBARA HENNICK FAMILY FOUNDATION By: /s/ Jay S. Hennick Name: Jay S. Hennick Title: President 14 CUSIP No. 194693107 SCHEDULE A Director and Officers of Henset Capital Inc. Name and Position Principal Occupation Principal Business Address Jay Hennick Sole director, Chairman, CEO and President See Item 2 See Item 2 Jonathan Ng Vice President, Finance Vice President, Finance, of Hennick & Company Inc. 1140 Bay Street, Suite 4000 Toronto, Ontario, Canada M5S 2B4 Barbara Hennick Executive Vice President Secretary of The Jay and Barbara Hennick Family Foundation 1140 Bay Street, Suite 4000 Toronto, Ontario, Canada M5S 2B4 Bradley M. Hennick Vice President Managing Director and Secretary of Hennick & Company, Inc. 1140 Bay Street, Suite 4000 Toronto, Ontario, Canada M5S 2B4 Lynda Cralli Secretary Assistant Secretary of both Colliers International Group Inc. and FirstService Corporation 1140 Bay Street, Suite 4000 Toronto, Ontario, Canada M5S 2B4 Director and Officers of 2688845 Ontario Inc. Name and Position Principal Occupation Principal Business Address

View Full Filing

View this SC 13D/A filing on SEC EDGAR