Exchange Bulletin
Definity Financial Corporation (DFY) To Trade On Toronto Stock Exchange
November 18, 2021
| Issuer: | Definity Financial Corporation (the "Company") |
| Security: | Common shares (the "Shares") |
| Symbols: | DFY |
| Transaction: | A total of 63,636,370 Shares are being offered to the public at a price of $22.00 per Share (the "Offering Price") for total gross proceeds of $1,400,000,140 pursuant to a prospectus offering (the "Offering") that is scheduled to close before the opening on November 23, 2021. In addition, the Company has granted to the Underwriters an over-allotment option pursuant to which the Underwriters may purchase up to 9,545,455 additional Shares at the Offering Price. |
| Commencement of trading: | Further to Toronto Stock Exchange ("TSX") Bulletin 2021-1077 dated November 16, 2021, the Shares will commence trading on TSX on an "if, as and when issued" basis at 9:30 a.m. (Toronto time), Thursday, November 18, 2021, under the symbol DFY. |
| Settlement: | Subject to the closing of the Offering on Tuesday, November 23, 2021, all trades in DFY in the "if, as and when issued" market on: (i) November 18, 2021 will be for special settlement on November 23, 2021, and (ii) November 19 and 22, 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 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 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 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: | The Company's final base PREP prospectus dated November 17, 2021 (the "Prospectus") and the press release dated November 17, 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 2021-1077 dated November 16, 2021. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |