Pursuant to the terms of the share purchase agreement dated as of
Immediately prior to entering into the Share Purchase Agreement, Oaktree (through the Selling Shareholder) held 9,878,155 Common Shares (including the Subject Shares), representing approximately 24.3% of the issued and outstanding Common Shares, with the Subject Shares representing approximately 22.1% of the issued and outstanding Common Shares (assuming the number of issued and outstanding Common Shares on a non-diluted basis as at the date thereof being 40,681,902).
Following the announcement of the Transaction, on
Following completion of the Transaction, Oaktree (through the Selling Shareholder) holds 904,028 Common Shares, representing approximately 2.00% of the issued and outstanding Common Shares (or approximately 1.99% of the issued and outstanding Common Shares on a fully diluted basis) (assuming the number of issued and outstanding Common Shares on a non-diluted basis as of closing is 45,188,636 and on a fully diluted basis as of closing is 45,507,789).
As part of the Transaction, the Selling Shareholder has agreed to cause its nominees on the board of directors of Neo to resign as soon as possible following the closing.
This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers in connection with the Transaction. An early warning report with additional information in respect of the foregoing matters will be filed and made available on the System for Electronic Document Analysis and Review (SEDAR) at www.sedar.com under Neo's issuer profile. A copy of such report may also be obtained by contacting Ivan Grbešić of
Following the completion of the Transaction, Oaktree intends to hold its remaining Common Shares for investment purposes. Oaktree may from time to time, depending on market and other conditions, acquire additional Common Shares or dispose of Common Shares through market transactions, public offerings, private agreement or otherwise.
No securities regulatory authority has either approved or disapproved of this news release.
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