21:44:10 EDT Wed 17 Apr 2024
Enter Symbol
or Name
USA
CA



Northwest Healthcare Properties Real Estate I
Symbol NWH
Shares Issued 57,118,570
Close 2015-05-20 C$ 9.11
Market Cap C$ 520,350,173
Recent Sedar Documents

Northwest Healthcare CEO acquires 4.99 million units

2015-05-20 21:32 ET - News Release

Mr. Paul Lana reports

EARLY WARNING NEWS RELEASE FOR PAUL DALLA LANA CEO OF NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST

Further to the disclosure requirements of applicable securities laws, Paul Dalla Lana, pursuant to the previously announced plan of arrangement under the Business Corporations Act (Alberta) involving, inter alia, Northwest Healthcare Properties Real Estate Investment Trust (the REIT) and NorthWest International Healthcare Properties Real Estate Investment Trust, has acquired, indirectly through controlled affiliates, beneficial ownership of 4,998,399 trust units and 19,188,063 special voting units of the REIT. Mr. Lana's obligation to file this news release results from his indirect acquisition of 10 per cent or more of the REIT's issued and outstanding special voting units.

After giving effect to the acquisition of voting units described herein, Mr. Lana has indirect beneficial ownership and control over 4,998,399 trust units, representing approximately 9.47 per cent of the issued and outstanding trust units of the REIT, and 19,188,063 special voting units, representing 100 per cent of the issued and outstanding special voting units of the REIT. Mr. Lana's indirect beneficial ownership and control over 24,190,850 voting units represent approximately 33.60 per cent of the REIT's issued and outstanding voting units.

The issuance of voting units was effected as part of the arrangement, pursuant to which unitholders of NWI, including an entity wholly owned by Mr. Lana, received 0.208 of a voting unit for each voting unit of NWI held. Neither Mr. Lana, nor any of his affiliates have any present intention of acquiring any additional trust units, special voting units, or securities convertible or exchangeable into trust units. However, Mr. Lana and his affiliates reserve the right, depending on the circumstances (including market conditions) to make further purchases, or disposals, of trust units, special voting units, or securities convertible or exchangeable into trust units in the future.

This news release is being issued as required by National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issues).

© 2024 Canjex Publishing Ltd. All rights reserved.