Toronto, Ontario (June 20, 2017) – Clairvest Group Inc. (TSX: CVG) (“Clairvest”) announced today that there has been a material adverse regulatory development with respect to its investment in Head InfoTech India Pvt. Ltd. Clairvest’s exposure to this investment, on a pre-tax basis, is equal to 11% of Clairvest’s most recently disclosed book value, or $56 million. The negative impact on the value of Clairvest’s investment in Head InfoTech from this development is currently uncertain and potentially material.
Director, Investor Relations and Marketing
Clairvest Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753