TORTOLA, British Virgin Islands, May 01, 2019 (GLOBE NEWSWIRE) -- Kingsferry Capital Management Group Limited (“Kingsferry”) announces that it has acquired, on behalf of Kingsferry Classic Value Fund I Ltd., 1,000 common shares (“Common Shares”) of Home Capital Group Inc. (“Home Capital”), which were purchased through the facilities of the Toronto Stock Exchange. As a result, Kingsferry exercises control and direction over 6,103,600 Common Shares, which represents approximately 10.001% of the issued and outstanding Common Shares.  On May 1, 2019, the Common Shares were purchased at an average price of C$18.56 per Common Share, for a total purchase price of C$18,560.

Immediately prior to the acquisition of the Common Shares described above, Kingsferry had control and direction over a total of 6,102,600 Common Shares, representing approximately 9.999% of the issued and outstanding Common Shares.

Kingsferry believes that the Common Shares are undervalued and are an attractive investment. Kingsferry has engaged, and intends to continue to engage, in discussions with management and the board of Home Capital concerning its business, management, operations, assets, capitalization, financial condition, governance, strategy and future plans.

Kingsferry expects to monitor the business, prospects, and financial condition of Home Capital, and depending on its evaluation of these and other factors, Kingsferry may from time to time in the future increase or decrease its direct or indirect ownership, control or direction over Common Shares or other securities of Home Capital through market transactions, private agreements, subscriptions from treasury or otherwise.

Home Capital’s head office address is 145 King Street West, Suite 2300, Toronto, Ontario, M5H 1J8.

For further information, including a copy of the corresponding report filed with Canadian securities regulators, please visit www.sedar.com or contact:

Hugo Chan, Chief Investment Officer
+1 213 348 6013
Kingsferry Capital Management Group Limited
3076 Sir Francis Drake’s Highway
Road Town, Tortola
British Virgin Islands