- Nabis Holdings Inc. (NAB) announces 100 per cent of votes cast were in favour of the previously announced repurchase of all notes
- Any noteholder, or other interested party has the right to appear and make submissions at the hearing of the petition for the final order provided that such party files a response by no later than November 29, 2021, in the form prescribed by the court
- As previously announced, Nabis Holdings intends to sell 892,638 Verano Class A subordinate voting shares to Caravel CAD Fund Ltd. for $14,103,680.40
- Nabis Holdings intends to acquire all the outstanding notes for an amount equal to $64 for each $100 principal number of notes outstanding, which shall, be received in full and final settlement of all notes
- Nabis Holdings Inc. (NAB) is up 30.36 per cent and is trading at $0.37 per share as of 2:51 p.m. EST
Nabis Holdings (NAB) announces that 100 per cent of votes cast were in favour of the previously announced repurchase of all notes.
At the noteholders’ meeting, the votes cast representing 78.55 per cent of the notes, voted in favour of approving:
- The plan of arrangement between the company and the noteholders, to approve the repurchase of all the notes by the company
- To approve the delisting of the notes from the CSE
Nabis Holdings will attend a hearing before the Supreme Court of British Columbia to seek final approval for the plan of arrangement.
Any noteholder or other interested party has the right to appear and make submissions at the hearing of the petition for the final order provided that such party files a response by no later than November 29, 2021, in the form prescribed by the court.
As previously announced, Nabis Holdings intends to sell 892,638 Verano Class A subordinate voting shares to Caravel CAD Fund Ltd. for $14,103,680.40.
Nabis Holdings intends to acquire all the outstanding notes for an amount equal to $64 for each $100 principal number of notes outstanding, which shall be received in full and final settlement of all notes.
As previously announced, the company received the requisite approval of the disinterested shareholders to authorize, inter alia, the asset sale and the plan of arrangement at Nabis Holdings annual and special shareholder meeting.
The votes attached to common shares of Nabis held by Caravel were excluded from voting on the asset sale and the plan of arrangement.
Nabis Holdings Inc. (NAB) is up 30.36 per cent and is trading at $0.37 per share as of 2:51 p.m. EST.
Nabis Holdings is a Canadian investment issuer that invests in assets across multiple industries, including real property and the U.S. and international cannabis sector.