Exchange Bulletin
Stingray Digital Group Inc. (RAY.A, RAY.B) To Trade On Toronto Stock Exchange
Stingray Digital Group Inc. - An application has been granted for the original listing in the Industrial category of of an aggregate of 53,158,188 subordinate voting shares (the “SV Shares”) and variable subordinate voting shares (the “Variable SV Shares”) of Stingray Digital Group Inc. (the “Company”), of which 29,684,284 SV Shares and 1,319,619 Variable SV Shares will be issued and outstanding and 22,154,285 SV Shares and/or Variable SV Shares will be reserved for issuance upon completion of an initial public offering (the “Offering”).
Listing of the SV Shares and Variable SV Shares will become effective at 5:01 p.m. on Tuesday, June 2, 2015 in anticipation of the Offering closing prior to the opening of business on Wednesday, June 3, 2015. The SV Shares and Variable SV Shares will be posted for trading at the opening of business on Wednesday, June 3, 2015 upon confirmation of the closing of the Offering.
SV Shares
| Stock Symbol: "RAY.A" | CUSIP: 86083Q 10 1 | Trading Currency: CDN$ |
Variable SV Shares
| Stock Symbol: "RAY.B" | CUSIP: 86083Q 20 0 | Trading Currency: CDN$ |
| Temporary Market Maker: | Independent Trading Group |
| Other Markets: | None |
Additional information on the SV Shares and Variable SV Shares may be found in the final prospectus dated May 26, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
| Head Office Address: | 730 Wellington Street Montréal, Québec H3C 1T4 |
| Email Address: | info@stingray.com |
| Website: | www.stingray.com |
| Head Office Telephone Number: | (514) 664-1244 |
| Fax Number: | (514) 664-1143 |
| Investor Relations: | Mathieu Péloquin Tel.: (514) 664-1244, ext. 2362 mpeloquin@stingray.com |
| Incorporation: | The Company was amalgamated under the Canada Business Corporations Act on February 4, 2011. |
| Fiscal Year End: | March 31 |
| Chief Financial Officer: | Jean-Pierre Trahan |
| Corporate Secretary: | Lloyd Perry Feldman |
| Nature of Business: | The Company offers multi-platform music and in-store media solutions on a global scale. |
| Transfer Agent & Registrar: | CST Trust Company, at its principal offices in Montréal. |
| Dividends: | It is anticipated that the Company will pay a quarterly dividend, subject to the discretion of the board of directors of the Company. The quarterly dividend payment is initially expected to be approximately $0.03 per SV Share and Variable SV Share. |
| Offering: | Pursuant to the terms of the Prospectus, the Company is offering 13,287,100 SV Shares and Variable SV Shares. The SV Shares and Variable SV Shares are being offered at a price of $6.25 per SV Share and Variable SV Share (the “Offering Price”), by National Bank Financial Inc., GMP Securities L.P., BMO Nesbitt Burns Inc., CIBC World Markets Inc., TD Securities Inc. and RBC Dominion Securities Inc. (collectively, the “Underwriters”). In addition, the Company has granted the Underwriters an option exercisable for a 30-day period following the closing of the Offering to purchase up to 3,360,000 additional SV Shares or Variable SV Shares at the Offering Price. |
