Exchange Bulletin

Pet Valu Holdings Ltd. (PET) To Trade On Toronto Stock Exchange

June 28, 2021
Issuer: Pet Valu Holdings Ltd. (the "Company")
Security: Common shares (the "Common Shares")
Symbols: PET
Issue price per security: $20.00
Number of securities issued and outstanding: 69,973,913
Number of securities reserved for issuance: 6,997,391
Listing category: Industrial, Non-Exempt Issuer
Trading currency: CDN$
Transaction: Initial public offering of Common Shares (the "Offering")
Listing date: June 29, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering
Anticipated closing date: June 30, 2021 (prior to the opening)
Posted for trading date: June 30, 2021 (at the opening) subject to confirmation of closing of the Offering
End of trading on an "if, as and when issued" basis: The Common Shares commenced trading on TSX on an "if, as and when issued" basis on Thursday, June 24, 2021. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on Wednesday, June 30, 2021, trading on an "if, as and when issued" basis will conclude at the close of business on Tuesday, June 29, 2021, unless the Offering closing has been delayed.
Upon closing of the Offering, a trader note will be issued to confirm that trading on an "if, as and when issued" basis has concluded.
Other market(s): None
Temporary market maker: TD Securities Inc.
Security ownership registration: Uncertificated Issue - Non-Certificated Inventory
Investor relations: James Grady
Chief Financial Officer
(561) 901-6903
Catherine Johnston
Chief Legal Officer & General Counsel
(416) 319-9950
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
Offering document: Supplemented PREP prospectus dated June 23, 2021, which is available at Capitalized terms not otherwise defined herein are as defined in the offering document.
Initial public offering: 13,750,000 Common Shares are being offered to the public from treasury at a price of $20.00 per share (the "Offering Price") for gross proceeds of $275 million to the Company. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 2,062,500 Common Shares from treasury at the Offering Price.
Additional Information: See also TSX Bulletin 2021-0641 dated June 22, 2021 and the TSX trader note issued on Thursday, June 24, 2021 at 8:03 am ET (or TSX Bulletin 2021-0650 dated June 24, 2021) for more information regarding the commencement of trading of PET on an "if, as and when issued" basis.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange