Key Developments: Pethealth Inc (PTZ.TO)

PTZ.TO on Toronto Stock Exchange

1.85CAD
19 Aug 2014
Price Change (% chg)

$-0.05 (-2.63%)
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Latest Key Developments (Source: Significant Developments)

Pethealth Inc announces dividend on series I 6% convertible preference shares
Friday, 17 Jan 2014 09:30am EST 

Pethealth Inc:Says the Board of Directors declared a dividend of $0.12 per series I 6% convertible preference shares.Says it is payable on Jan. 23 to the holders of record at the close of business on Jan. 21.  Full Article

Pethealth Inc acquires VetMedsDirect.co.uk
Tuesday, 17 Dec 2013 09:37am EST 

Pethealth Inc:Says it has acquired VetMedsDirect.co.uk, an online retailer of pet pharmaceuticals, pet supplies and pet food that services pet owners in the United Kingdom.Says financed by internal cash, the all-cash transaction (purchase price not disclosed).Says it expects the acquisition to be accretive to earnings in 2014.  Full Article

Pethealth Inc's PTZ Insurance Agency, Ltd Closes Acquisition of PurinaCare's Pet Insurance Assets
Wednesday, 1 May 2013 10:16am EDT 

Pethealth Inc announced that through its subsidiary PTZ Insurance Agency, Ltd., closed its previously announced purchase of certain assets of Nestle Purina Claims Processing, Inc. and PurinaCare Insurance Services, Inc. For consideration of up to USD800,000, Pethealth purchased the rights to administer and renew the 12,196 PurinaCare pet insurance policies from May 1, 2013 date forward.  Full Article

Pethealth Inc To Acquire Certain Assets Of Purinacare's Pet Insurance Operations
Wednesday, 27 Mar 2013 04:00pm EDT 

Pethealth Inc., through its subsidiary PTZ Insurance Agency, Ltd., announced that it has entered into an asset purchase agreement with Nestle Purina Claims Processing Inc. and PurinaCare Insurance Services, Inc. (together, Purina) whereby Pethealth has agreed to acquire certain assets of Purina's pet insurance operations relating to the administration of Purina's pet insurance program and the rights to the subsequent policyholder renewals. (the Acquisition). Consideration for the Acquisition is to a maximum of $800,000 for the approximately 12,000 current policyholders. The all-cash transaction is being financed through a 3 year loan agreement with a recognised financial institution at a fixed interest rate of 6 month LIBOR plus 2.25%. The Agreement is subject to customary closing conditions. Until all the closing conditions are satisfied or waived, there can be no assurances that this transaction will be completed. If all closing conditions are satisfied, closing is expected to occur on or before May 1, 2013.  Full Article

Pethealth Inc Announces Dividend On Series I 6% Convertible Preference shares
Friday, 18 Jan 2013 02:00pm EST 

Pethealth Inc announced that it has declared a dividend of $0.12 per series I 6% convertible preference shares (the Convertible Preference Shares), payable on January 24, 2013, to the holders of record at the close of business on January 21, 2013.  Full Article

Pethealth Inc Announces Establishment Of Automatic Purchase Plan
Thursday, 8 Nov 2012 09:30am EST 

Pethealth Inc announced that it has entered into an automatic share purchase plan agreement (the Plan) with a broker in connection with its normal course issuer bid (NCIB) previously announced on September 20, 2012 to facilitate purchases of Pethealth's common shares (Shares) under the NCIB.  Full Article

Pethealth Inc Announces Normal Course Issuer Bid
Thursday, 20 Sep 2012 01:45pm EDT 

Pethealth Inc announced that the Toronto Stock Exchange (the TSX) has approved its notice of intention to make a normal course issuer bid (the Bid) for its outstanding common shares (the "Shares"). Pursuant to the notice, Pethealth is entitled to purchase up to 1,668,604 Shares, representing 10% of its public float of 16,686,049 Shares during the twelve month period commencing September 24, 2012, and ending September 23, 2013. There are currently 32,522,568 Shares issued and outstanding. Under the Bid, Pethealth may purchase up to 2,418 Shares on the TSX during any trading day, which represents 25% of the average daily trading volume on the TSX of 9,675 Shares for the most recently completed six calendar months prior to the TSX's acceptance of the notice of the Bid. This limitation does not apply to purchases made pursuant to block purchase exemptions. Purchases will be executed through the facilities of the TSX at market prices under the rules of the TSX. The actual number of Shares which may be purchased, and the timing of any such purchases, will be determined by Pethealth. All Shares purchased under the Bid will be cancelled. Pethealth has not purchased any of its Shares in the twelve months preceding the date hereof.  Full Article

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