June 7, 2024 /PRNewswire/ — WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (the “Company” or “WELL”), a company focused on positively impacting health outcomes through the use of technology to assist healthcare professionals and patients around the world, today announced that it has entered into an automatic share purchase plan (the “ASPP”) with brokers to facilitate the repurchase of the Company's common shares (the “Common Shares”) pursuant to its previously announced normal course issuer offer (the “NCIB”).
Well previously announced that it had received approval from the Toronto Stock Exchange (“TSX”) to purchase 6,154,501 common shares, representing approximately 2.5% of the 246,180,060 common shares issued and outstanding as of May 31, 2024, during the 12-month period commencing June 10, 2024 and ending June 9, 2025, through the TSX's NCIB, the Canadian alternative trading system or such other means as permitted by applicable law.
During the term of WELL's ASPP, WELL's brokers may purchase common shares when WELL is not active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by WELL's brokers in accordance with the terms of the ASPP, based on parameters established by WELL, and when WELL is not in possession of material non-public information about the company and its securities. Outside the term of the ASPP, purchases of common shares may continue at WELL's discretion, subject to applicable law. The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws.
Well Health Technologies Inc.
Parr: “Hamed Shahbazi”
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
About WELL Health Technologies Corp.
WELL's mission is to empower healthcare professionals with technology. We do this by developing the best technology, services and support to empower healthcare professionals to positively impact patient outcomes. WELL's comprehensive healthcare and digital platform includes an extensive range of front-office and back-office management software applications that help physicians operate and safely manage their practices. WELL's solutions support over 36,000 healthcare professionals across the U.S. and Canada, powering Canada's largest owned and operated healthcare ecosystem with over 175 clinics supporting primary care, specialty care and diagnostic services. In the U.S., WELL's solutions are focused on specialty markets including the gastrointestinal market, women's health, primary care and mental health. WELL is publicly traded on the Toronto Stock Exchange under the symbol “WELL” and on the OTC Exchange under the symbol “WHTCF.” For more information about WELL, please visit www.well.company.
SOURCE WELL Health Technologies Corp.
