Exchange Bulletin
dentalcorp Holdings Ltd. (DNTL) To Trade On Toronto Stock Exchange
May 21, 2021
| Issuer: | dentalcorp Holdings Ltd. (the "Company") |
| Security: | Subordinate voting shares (the "Subordinate Voting Shares") |
| Symbol: | DNTL |
| Transaction: | A total of 50,000,000 Subordinate Voting Shares of the Company are being sold to the public at a price of $14 per Subordinate Voting Share (the "Offering Price") for total gross proceeds of $700,000,000 to the Company pursuant to an initial public offering (the "Offering") that is scheduled to close before the opening on May 27, 2021. In addition, the Company has granted the Underwriters an option (the "Over-Allotment Option") to purchase an additional 7,500,000 Subordinate Voting Shares from the Company at the Offering Price. |
| Commencement of trading: | Further to TSX Bulletin 2021-0501 dated May 19, 2021, the Subordinate Voting Shares will commence trading on TSX on an "if, as and when issued" basis at 9:30 a.m. (Toronto time) today, Friday, May 21, 2021, under the symbol DNTL. |
| Settlement: | Subject to the closing of the Offering on Thursday, May 27, 2021, all trades in DNTL in the "if, as and when issued" market on: (i) May 21, 2021 will be for special settlement on May 27, 2021; and (ii) May 25 and 26, 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 Subordinate Voting 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 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 "if, as and when issued" market. |
| Disclosure documents: | Final Base PREP Prospectus dated May 20, 2021 and supplemented PREP prospectus dated May 21, 2021 which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional information: | See TSX Bulletin 2021-0501 dated May 19, 2021. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |