Exchange Bulletin
Pet Valu Holdings Ltd. (PET) To Trade On 兔子先生
June 24, 2021
| Issuer: | Pet Valu Holdings Ltd. (the "Company") |
| Security: | Common shares (the "Common Shares") |
| Symbol: | PET |
| Transaction: | A total of 13,750,000 Common Shares are being sold to the public at a price of $20.00 per Common Share (the "Offering Price") for total gross proceeds of $275 million to the Company pursuant to an initial public offering (the "Offering") that is scheduled to close before the opening of markets on Wednesday, June 30, 2021. In addition, the Company has granted the Underwriters an over-allotment option pursuant to which the Underwriters may purchase up to 2,062,500 additional Common Shares at the Offering Price. |
| Commencement of trading: | Further to TSX Bulletin 2021-0641 dated June 22, 2021, the Common Shares will commence trading on TSX on an "if, as and when issued" basis as at 9:30 a.m. (Toronto time) today, Thursday, June 24, 2021 under the symbol PET. |
| Settlement: | Subject to the closing of the Offering on Wednesday, June 30, 2021, all trades in PET in the "if, as and when issued" market on: (i) June 24, 2021 and June 25, 2021 will be for special settlement on June 30, 2021; and (ii) June 28, 2021 and June 29, 2021 will be for special settlement two business days after the trade date and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. Upon closing, TSX will issue a trader note confirming: (i) the closing; and (ii) that the Common Shares will no longer trade on an "if, as and when issued" basis but will trade thereafter on a regular settlement basis. 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 "if, as and when issued" market. |
| Offering documents: | The Company's final base PREP prospectus dated June 23, 2021 (the "Prospectus") and supplemented PREP prospectus dated June 24, 2021, which are available at . Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional information: | See TSX Bulletin 2021-0641 dated June 22, 2021 |
| TSX contact: | Chris Birkett, Managing Director, 兔子先生 |