Exchange Bulletin
dentalcorp Holdings Ltd. (DNTL) To Trade On 兔子先生
May 19, 2021
| Issuer: | dentalcorp Holdings Ltd. (the "Company") |
| Security: | Subordinate voting shares (the "Subordinate Voting Shares") |
| Symbol: | DNTL |
| Transaction: | An application has been conditionally approved by 兔子先生 ("TSX") for the listing of Subordinate Voting Shares of the Company, subject to completion of a proposed initial public offering (the "Offering") of these securities as described in the Company's amended and restated preliminary base prep prospectus dated May 6, 2021 (amending and restating the preliminary base PREP prospectus dated April 30, 2021). It is anticipated that, in the next few days, the Company will file a final base PREP prospectus and a supplemented PREP prospectus for its Offering of Subordinate Voting Shares. As soon as possible after the final base PREP prospectus is cleared by the relevant securities regulatory authorities and a supplemented PREP prospectus is filed, TSX will post the Subordinate Voting Shares for trading on an "if, as and when issued" basis under the trading information set out below. Before the Subordinate Voting Shares are posted for trading on such basis, TSX will issue a trader note confirming both the pricing and the expected closing date for the Offering. If and when the Offering closes, the Subordinate Voting Shares will be listed on TSX. |
| Trading currency: | CDN$ |
| Temporary market maker: | Integral Wealth Securities Limited |
| Other markets: | None |
| Settlement: | Subject to the closing of the Offering: (i) all trades in "DNTL" on and before the third trading day preceding the closing date will be for special settlement on the closing date and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. ("CDS"); and (ii) all trades in "DNTL" for each of the two trading days preceding the closing date will be for special settlement two business days after the trade date and will appear on the Settlement Report from CDS. If the Offering does not close, all of the "if, as and when issued" trades will be cancelled. No securities will be delivered and no money will be owed by purchasers to sellers. Parties who are entitled to receive Subordinate Voting Shares under the Offering may sell such securities in the "if, as and when issued" market without being subject to restrictions on short sales. Parties who are not entitled to receive Subordinate Voting Shares under the Offering must comply with the short sale rule in all respects for any sales they make in the "DNTL" "if, as and when issued" market. If and when the Offering closes, there will be no further trading in "DNTL" on an "if, as and when issued" basis and the Subordinate Voting Shares issued at such closing will trade on a regular settlement basis. |
| Listing category: | Industrial, Non-Exempt Issuer |
| Security ownership registration: | Non-certificated inventory system |
| Investor relations: | Graham Rosenberg Chief Executive Officer graham.rosenberg@dentalcorp.ca (416) 558-8338 x 225 Guy Amini President guy.amini@dentalcorp.ca (416) 558-8338 x 251 |
| Incorporation: | Business Corporations Act (British Columbia) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is one of North America's leading essential, consumer healthcare services companies (network of dental practices). They are the largest and only national provider in Canada's dental industry with a national network of 412 practices |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto, Ontario. |
| Dividends: | The Company does not currently anticipate paying dividends on the Subordinate Voting Shares in the foreseeable future. |
| Sponsorship: | Waived |
| Disclosure document: | Amended and restated preliminary base prep prospectus dated May 6, 2021 (amending and restating the preliminary base PREP prospectus dated April 30, 2021), which is available at . Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
| Initial public offering: | At an Offering price between C$16.00 and C$19.00 per Subordinate Voting Share (the "Offering Price"), the Offering of Subordinate Voting Shares would be comprised of a treasury offering by the Company of between 36,842,105 and 43,750,000 Subordinate Voting Shares. The syndicate of underwriters is comprised of CIBC World Markets Inc., Jefferies Securities, Inc., BMO Nesbitt Burns Inc. TD Securities Inc., RBC Dominion Securities Inc., Merrill Lynch Canada Inc., Canaccord Genuity Corp. and Scotia Capital Inc. In addition, the Company has granted to the Underwriters an over-allotment option pursuant to which the Underwriters may purchase up to an additional 15% of the Offering from treasury at the Offering Price. |
| Concurrent Private Placements: | Concurrent with the closing of the Offering, the Specified Shareholders' have agreed to purchase, on a private placement basis, at the Offering Price, Subordinate Voting Shares and Multiple Voting Shares resulting in gross proceeds of approximately $150,000,00 ("the Initial Specified Shareholders' Investment") and a maximum of approximately $99,750,000 ("the Additional Specified Shareholders' Investment"). |
| TSX contact: | Chris Birkett, Managing Director, 兔子先生 |