Exchange Bulletin
Pet Valu Holdings Ltd. (PET) To Trade On 兔子先生
June 22, 2021
| Issuer: | Pet Valu Holdings Ltd. (the "Company") |
| Security: | Common shares (the "Common Shares") |
| Symbol: | PET |
| Transaction: | An application has been conditionally approved by 兔子先生 ("TSX") for the listing of Common 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 June 10, 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 Common 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 Common Shares for trading on an "if, as and when issued" basis under the trading information set out below. Before the Common 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 Common Shares will be listed on TSX. |
| Trading currency: | CDN$ |
| Temporary market maker: | TD Securities Inc. |
| Other markets: | None |
| Settlement: | Subject to the closing of the Offering: (i) all trades in "PET" 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 "PET" 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 Common 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 Common Shares under the Offering must comply with the short sale rule in all respects for any sales they make in the "PET" "if, as and when issued" market. If and when the Offering closes, there will be no further trading in "PET" on an "if, as and when issued" basis and the Common Shares issued at such closing will trade on a regular settlement basis. |
| Listing category: | Industrial, Non-Exempt Issuer |
| Security ownership registration: | Uncertificated Issue - Non-Certificated Inventory |
| Investor relations: | James Grady Chief Financial Officer (561) 901-6903 Email: jgrady@petretailbrands.com Catherine Johnston Chief Legal Officer & General Counsel (416) 319-9950 Email: cjohnston@petvalu.com |
| Incorporation: | Business Corporations Act (British Columbia) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is Canada's leading pet retailer having over 600 corporate-owned or franchised locations across Canada. |
| Transfer agent and registrar: | Computershare Investor Services Inc. at its principal offices in Toronto, Ontario. |
| Dividends: | Initially, the Company anticipates paying quarterly dividends at an annual dividend rate of approximately $0.04 per Common Share. The actual payment, amount and timing of any dividends are not guaranteed and are subject to the discretion of the Board. |
| Sponsorship: | Waived |
| Disclosure document: | Amended and restated preliminary base PREP prospectus dated June 10, 2021 (the "Prospectus"), which is available at . Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
| Initial public offering: | The Offering of Common Shares is expected to be comprised of a treasury offering by the Company of approximately 14,473,000 to 18,333,000 Common Shares at an Offering price between $15.00 and $19.00 per Common Share (the "Offering Price") for gross proceeds of approximately $275 million to the Company. The syndicate of underwriters is comprised of RBC Dominion Securities Inc., Barclays Capital Canada Inc., CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., Houlihan Lokey, Inc., ATB Capital Markets Inc., CWB McLean & Partners Wealth Management Ltd., Laurentian Bank Securities Inc. and Raymond James Ltd. 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. |
| TSX contact: | Chris Birkett, Managing Director, 兔子先生 |