NEX COMPANY:
PLANET HEALTH CORP. ("PHL.H")
BULLETIN TYPE: Delist
BULLETIN DATE: June 26, 2020
NEX Company
Further to a news release of Planet Health Corp. (the "Company") dated June 19, 2020; the common shares of the Company will be delisted from NEX Exchange effective at the close of business on Tuesday, June 30, 2020.
The delisting of the common shares of the Company results from the completion of a statutory plan of arrangement under Section 193(1) of the Business Corporations Act (Alberta) to effect a going-private transaction (the "Arrangement"). Pursuant to the Arrangement, 2255820 Alberta Ltd., a corporation partially owned and controlled by the Company's president and chief executive officer, will acquire the remaining 13.92% of the common shares held by public shareholders at a price of $0.20 per common share. The non-participating shareholders will not receive any consideration. The Arrangement was approved by the Company's disinterested shareholders at a special shareholders meeting held on June 19, 2020.
For more information, please consult the Company's information Circular dated May 19, 2020 that is available in SEDAR.
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