HealthSpace's 1:8 share rollback to take effect Dec. 4
2020-12-02 14:55 ET - News Release
Mr. Silas Garrison reports
HEALTHSPACE DATA SYSTEMS ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
Further to its news release dated Nov. 19, 2020, HealthSpace Data Systems Ltd. will complete a consolidation of the authorized and issued common shares of the company on the basis of one postconsolidated common share for each eight preconsolidation common shares.
No fractional Common Shares will be issued upon the Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common Share in connection with the Consolidation, the number of Common Shares to be received by such shareholder will be rounded down to the next whole number if that fractional Common Share is less than one half (1/2) of a Common Share, and will be rounded up to the next whole number of Common Shares if that fractional Common Share is equal to or greater than one half (1/2) of a Common Share.
Effective at the opening of markets on December 4, 2020, the Common Shares will commence trading on the Canadian Securities Exchange on a post-Consolidation basis under the existing ticker HS. The new CUSIP number will be 42226M408 and the new ISIN number will be CA42226M4083. The record date for the Consolidation is December 7, 2020.
Registered holders of Common Shares will receive a letter of transmittal from Odyssey Trust Company with instructions on how to exchange existing share certificates for new post-Consolidation share certificates.
About HealthSpace Data Systems Ltd.
HealthSpace Data Systems is a government Software as a Service (SaaS) company focused on providing efficiencies to state and local government agencies through its powerful enterprise cloud and mobile platform. Over the last decade, HealthSpace has successfully developed both cloud and mobile applications currently serving over 500 state and local government organizations across North America. HealthSpace offers one of the only self-serve enterprise suites for government, providing greater power to the end-user. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies. HealthSpace has now entered into the FinTech space by creating a payment platform that streamlines the intake of government revenue for the agencies it serves.