Exchange Bulletin
dentalcorp Holdings Ltd. (DNTL) To Trade On Toronto Stock Exchange
May 25, 2021
| Issuer: | dentalcorp Holdings Ltd. (the "Company") |
| Security: | Subordinate voting shares (the "Subordinate Voting Shares") |
| Symbol: | DNTL |
| Issue price per security: | $14.00 |
| Number of securities issued and outstanding: | 149,688,124 upon completion of the Offering and including the Initial Specified Shareholders' Investment. |
| Number of securities reserved for issuance: | 34,071,017 |
| Listing category: | Industrial, Non-Exempt Issuer |
| Trading currencies: | CDN$ |
| Transaction: | Initial public offering of Subordinate Voting Shares (the "Offering") |
| Listing date: | May 26, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering |
| Anticipated closing date: | May 27, 2021 (prior to the opening) |
| Posted for trading date: | May 27, 2021 (at the opening) subject to confirmation of closing of the Offering |
| End of trading on an "if, as and when issued" basis: | The Subordinate Voting Shares of the Company commenced trading on Toronto Stock Exchange ("TSX") on an "if, as and when issued" basis on Friday, May 21, 2021. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on Thursday, May 27, 2021, trading on an "if, as and when issued" basis will conclude at the close of business on Wednesday, May 26, 2021, unless the Offering closing has been delayed. |
| Other markets: | None. |
| Temporary market maker: | Integral Wealth Securities Limited |
| Security ownership registration: | Non-Certificated Inventory system |
| Investor relations: | Graham Rosenberg Chief Executive Officer graham.rosenberg@dentalcorp.ca (416) 558-8338 x 225 Guy Amini President guy.amini@dentalcorp.ca (416) 558-8338 x 251 |
| Incorporation: | Business Corporations Act (British Columbia) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is one of North America's leading essential, consumer healthcare services companies (network of dental practices). They are the largest and only national provider in Canada's dental industry with a national network of 412 practices. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto, Ontario. |
| Distributions: | The Company does not currently anticipate paying dividends on the Subordinate Voting Shares in the foreseeable future. |
| Sponsorship: | Waived |
| Offering documents: | Final Base PREP Prospectus dated May 20, 2021 and Supplemented PREP Prospectus dated May 20, 2021 which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the offering documents. |
| Initial public offering: | The Offering will be comprised of a treasury offering by the Company of 50,000,000 Subordinate Voting Shares at an offering price of $14 per Subordinate Voting Share (the "Offering Price") for gross proceeds of $700,000,000 to the Company. 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. |
| Concurrent Private Placements: | Concurrent with the closing of the Offering, the Specified Shareholders' have agreed to purchase, on a private placement basis, at the Offering Price, Subordinate Voting Shares and Multiple Voting Shares resulting in gross proceeds of approximately $150,000,00 ("the Initial Specified Shareholders' Investment") and a maximum of approximately $99,750,000 ("the Additional Specified Shareholders' Investment"). |
| Additional information: | See TSX Bulletins 2021-0501 dated May 19, 2021, 2021-0512 dated May 20, 2021 and 2021-0514 dated May 21, 2021. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |