RE:De-listing... whats a CDN investor to do?In case other are wondering, here's the response I got back from IR:
What does voluntary delisting from the TSX mean?
Nobilis Health has applied to the Toronto Stock Exchange (“TSX”) to voluntarily delist its shares from the TSX. Nobilis Health’ shares will no longer be traded on the TSX after December 30, 2016. The voluntary delisting from the TSX will not affect the continued listing of Nobilis Health’ shares on the NYSE MKT.
Why has Nobilis Health made the decision to voluntary delist?
The Directors of the Company can no longer justify the expenses and administrative complexity of maintaining a dual listing. The company's primary market for its shares will remain the NYSE MKT, tradable under its current symbol, “HLTH”.
If I hold Nobilis Health common shares that were traded on the TSX, what do I have to do?
No action is required. Nobilis Health’ common shares which were listed on the TSX, are the same shares as those listed on the NYSE MKT and you may trade the common shares on the NYSE MKT.
Once the stock is delisted on the TSX will I retain the same number of shares?
Yes, you will retain the same number of shares.
Does the delisting impact the trading of Nobilis Health’ common shares on the NYSE MKT?
No. Nobilis Health’ common shares continue to be listed and traded on the NYSE MKT under the symbol of “HLTH”.
How do I buy or sell common shares of Nobilis Health?
Nobilis Health’ common shares can be purchased and sold on the NYSE MKT. Most brokers in Canada maintain ready access to the NYSE MKT exchange to support you in this.
What if my broker cannot trade on the NYSE MKT?
We understand that most brokers in Canada, including most discount brokers, have the ability to buy and sell securities listed on the NYSE MKT. If your broker is unable to trade on the NYSE MKT in order to trade your Nobilis common shares you will need to open an account at a broker that is able to trade on the NYSE MKT.
I purchased the shares in Canadian dollars. Will the new shares be valued in US dollars?
Your shares will trade on the NYSE MKT in US dollars, and if your account trades in a Canadian trading account, the value of your shares will be converted into Canadian dollars.
Do you have another question that has not been answered?
For additional information please contact:
Vice President, Corporate Development: Kolin Ozonian
kozonian@nobilishealth.com or 713-355-8614