Item 1 – Security and Reporting Issuer
This press release relates to Multiple Voting Shares (the “Multiple Voting Shares”), Subordinate, restricted and limited voting shares (the “Subordinate Shares”), Warrants (which are each exercisable for one Subordinate Share for a price of Cdn.
The Issuer’s head office address is:
The transaction that triggered the requirement to file this press release represents a grant (the “Incentive Awards”) of incentive compensation by the Company in favor of Mr.
Item 2 – Identity of the Acquiror
The Incentive Awards represent beneficial ownership and control over an aggregate of 1,044,000 Subordinate Shares, representing approximately 3.8% of the issued and outstanding Subordinate Shares as at
The Filer holds its Multiple Voting Shares, Subordinate Shares, Warrants and Rights for investment purposes. The Filer may acquire further securities of the Company or dispose of its holdings of securities of the Company, both as investment conditions warrant.
Item 3 – Interest in Securities of the Reporting Issuer
Before the grant of the Incentive Awards, the Filer has beneficial ownership and control over (i) 3,677,626 Multiple Voting Shares, representing 99.4% of the issued and outstanding Multiple Voting Shares, (ii) 2,884,058 Warrants, representing 27.5% of the issued and outstanding Warrants, (iii) a grant of incentive compensation by the Company in favor of
After the grant of the Incentive Awards, the Filer has beneficial ownership and control over (i) 3,677,626 Multiple Voting Shares, representing 99.4% of the issued and outstanding Multiple Voting Shares, (ii) 2,884,058 Warrants, representing 27.5% of the issued and outstanding Warrants, (iii) 262,188 Rights, representing 18.9% of the issued and outstanding Rights, and (iv) the right to acquire 1,894,250 Subordinate Shares, representing 6.6% of the issued and outstanding Subordinate Shares.
Assuming the exercise or conversion by the Filer of all rights to acquire Subordinate Shares, which total 8,482,153, and without assuming the exercise of any rights held by any persons other than the Filer to acquire Subordinate Shares, then, based on the 31,584,748 Subordinate Shares that were issued and outstanding on
The Sponsor is currently party to a voting agreement which limits its right to vote its Multiple Voting Shares. This agreement is currently anticipated to be terminated in the near future.
About
Ayr’s leadership team brings proven expertise in growing successful businesses through disciplined operational and financial management, and is committed to driving positive impact for customers, employees and the communities they touch. For more information, please visit www.ir.ayrstrategies.com.
Company Contact:
T: (646) 977-7914
Email: IR@ayrstrategies.com
Investor Relations Contact:
Gateway Investor Relations
T: (949) 574-3860
Email: IR@ayrstrategies.com
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