Pengrowth Energy Corporation
On April 12, 2013, an employee reported that shares had been sold from his employee share compensation account without his authorization. A third party service provider establishes and administers the Organization?s employee share compensation accounts. Employees access and manage the accounts via an online site provided by the service provider. On April 16, 2013, the service provider discovered that eight other employees had also experienced unauthorized sales of shares from their accounts. The shares were sold on the Toronto Stock Exchange and sale proceeds were directed to bank accounts in Montreal.
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