Vizient Could it be the article 2b was used to hided PR ? Could it be this is a portion of the rule 51-102 they used to hided us the important and crucial information concerning Vizient Inc. ? Specifically the section 2 (b) – 5 and 7. But in the section 2b you can read and more important this part of the texte‘’ together with written reasons for nondisclosure ‘’ which as of today we still don’t know the reason why they did not release a PR.
Last amendment in force on June 12, 2018
This document has official status chapter V-1.1, r. 24
REGULATION 51-102 RESPECTING CONTINUOUS DISCLOSURE OBLIGATIONS
PART 7 MATERIAL CHANGE REPORTS
7.1. Publication of Material Change
(1) If a material change occurs in the affairs of a reporting issuer, the reporting issuer must
(a) immediately issue and file a news release authorized by an executive officer disclosing the nature and substance of the change; and
(b) as soon as practicable, and in any event within 10 days of the date on which the change occurs, file a Form 51-102F3 Material Change Report with respect to the material change.
(2) Subsection (1) does not apply if,
(a) in the opinion of the reporting issuer, and if that opinion is arrived at in a reasonable manner, the disclosure required by subsection (1) would be unduly detrimental to the interests of the reporting issuer; or
(b) the material change consists of a decision to implement a change made by senior management of the reporting issuer who believe that confirmation of the decision by the board of directors is probable, and senior management of the reporting issuer has no reason to believe that persons with knowledge of the material change have made use of that knowledge in purchasing or selling securities of the reporting issuer,
and the reporting issuer immediately files the report required under paragraph (1)(b) marked so as to indicate that it is confidential, together with written reasons for nondisclosure.
(3) (paragraph revoked).
(4) (paragraph revoked).
(5) If a report has been filed under subsection (2), the reporting issuer must advise the securities regulatory authority in writing if it believes the report should continue to remain confidential, within 10 days of the date of filing of the initial report and every 10 days thereafter until the material change is generally disclosed in the manner referred to in paragraph (1)(a), or, if the material change consists of a decision of the type referred to in paragraph (2)(b), until that decision has been rejected by the board of directors of the reporting issuer.
(6) In Ontario, the reporting issuer must advise the securities regulatory authority.
(7) If a report has been filed under subsection (2), the reporting issuer must promptly generally disclose the material change in the manner referred to in subsection (1) upon the reporting issuer becoming aware, or having reasonable grounds to believe, that persons are purchasing or selling securities of the reporting issuer with knowledge of the material change that has not been generally disclosed.
M.O. 2005-03, s. 7.1; M.O. 2006-04, s. 18; M.O. 2008-06, s. 11; M.O. 2008-10, s. 2.