Exchange Bulletin
MAV Beauty Brands Inc. (MAV) To Trade On Toronto Stock Exchange
Issuer: | MAV Beauty Brands Inc. (the "Company") |
Security: | Common shares ("Shares") |
Symbol: | MAV |
Issue price per security: | $14.00 |
Number of securities issued and outstanding: | 37,577,169 |
Number of securities reserved for issuance: | 7,253,517 |
Listing category: | Industrial |
Trading currency: | CAD |
Transaction: | Initial public offering of Shares (the "Offering") |
Listing date: | July 9, 2018 (as at 5:01 p.m.) in anticipation of closing of the Offering |
Anticipated closing date: | July 10, 2018 (prior to the opening) (the "Closing Date") |
Posted for trading date: | July 10, 2018 (at the opening) subject to confirmation of closing of the Offering |
Other market(s): | None |
Temporary market maker: | TD Securities Inc. |
Security ownership registration: | Non-Certificated Inventory System of CDS |
Investor relations: | Chris Doyle Chief Financial Officer (905)530-2500 Ext. 232 chris.doyle@marcanthony.com |
Incorporation: | The Company was incorporated under the British Columbia Business Corporations Act ("BCBCA") on September 7, 2016. As part of the Pre-Closing Capital Changes, the Company will amalgamate with certain of its Canadian subsidiaries by way of a short form vertical amalgamation under the BCBCA. |
Fiscal year end: | December 31 |
Nature of business: | The Company is a personal care company consisting of the following personal care brands: Marc Anthony True Professional, Renpure, and Cake Beauty. The Company's products include a wide variety of hair care, body care and beauty products. |
Transfer agent and registrar: | TSX Trust Company at its principal offices in Toronto. |
Dividends: | The Company intends to retain any future earnings to pay down debt and/or fund the development and growth of their business and do not currently anticipate paying dividends on the Shares in the near-term. |
Sponsorship: | Not applicable |
Disclosure document: | Prospectus dated June 28, 2018 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
Initial public offering: | The Offering consists of 9,000,000 Shares from treasury and a secondary offering of 8,267,000, at a price of $14.00 per Share. |
TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange |