Peter Deeb/ Deeb & Company Limited Advises of Sale of Subordinate Voting Shares of Hampton Financial Corporation
January 12 2024 - 5:41PM
Pursuant to the requirements of National Instrument 62-103 ― The
Early Warning System and Related Take Over Bids and Insider
Reporting Issues (“
NI 62-103”), Peter Deeb and
Deeb & Company Limited, a corporation controlled by Peter Deeb,
(together, “
Deeb”) advises of the sale by Deeb of
subordinate voting shares (“
SVS”) in the capital
of Hampton Financial Corporation of 141 Adelaide St. W., Suite
1800, Toronto, Ontario M5H 3L5 (the “
Corporation”)
(TSXV: HFC).
Deeb sold 200,000 SVS in a market transaction
through the facilities of the TSXV, at the price of $0.51 per share
for gross proceeds of $105,000, on November 27, 2023 (the
“Transaction”). Immediately prior to the
Transaction Deeb beneficially owned 17,139,895 SVS, representing
approximately 55.0% of SVS, including the deemed conversion of
securities held by Deeb that are immediately convertible into SVS.
Immediately following the Transaction Deeb beneficially owned
16,939,895 SVS, representing approximately 54.4% of SVS, including
the deemed conversion of securities held by Deeb that are
immediately convertible into SVS. The SVS were sold for investment
purposes.
Deeb also owns 15,149,845 multiple voting shares
(“MVS”) in the capital of the Corporation. Each
MVS carries twenty votes per share, while each SVS carries one vote
per share. By virtue of Deeb’s holdings of MVS the Transaction
represents the disposal by Deeb of less than 2% of the votes
attaching to securities of the Corporation beneficially owned by
Deeb which were the subject of the most recent report filed by Deeb
under NI 62-103, on November 10, 2019.
For more information, please contact:
Peter Deeb(416) 862-8651
Hampton Financial (TSXV:HFC)
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