NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION (INCLUDING THE UNITED STATES) WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
Sativa Wellness Group Inc.
(“Sativa” or “Sativa Wellness” the “Company” or the “Group”)
12th April 2021
PDMR Director Disclosure
Sativa Wellness Group announces that as part of the recent closure of the first tranche of its non-brokered private placement of units of the Company (each, a “Unit”) previously announced on April 9, 2021 (the “Placement”) Clive Standish, one of the board of directors took part.
Before this placement Clive Standish held 83,768 shares and 83,768 warrants in Sativa Wellness. As part of this placement Exhall Pty Ltd, a company related to Clive Standish, purchased 13,000,000 Units at a price of C$0.07875 per Unit for aggregate gross proceeds of C$1,023,750. Each Unit is comprised of one common share (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one common share in the capital of the Company (a “Warrant Share”) at a price of C$0.105 per Warrant Share until March 31, 2023.
The total number of shares Clive has an interest in directly or indirectly is 13,083,768 common shares which represents 3.73% of the company’s shares and the total number of warrants he has an interest in is 6.586,768.
The securities issued under the first tranche of the Offering will be subject to a statutory hold period expiring on August 1, 2021, in accordance with applicable Canadian securities laws.
The Directors of the Company accept responsibility for the contents of this announcement.
On behalf of the Board of Directors,
Geremy Thomas
Executive Chairman
Sativa Wellness Group Inc.
+44 (0) 20 7971 1255
[email protected]
www.health.sativawebsites.com
Anne Tew
Corporate Secretary
Sativa Wellness Group Inc.
+44 (0) 20 7971 1255
[email protected]
www.health.sativawebsites.com
AQSE Growth Market Corporate Advisor
Corporate Finance
Guy Miller/Allie Feuerlein
Peterhouse Capital Limited
+44 (0) 20 7220 9795
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name
Clive Standish
2. Reason for the notification
a) Position/status
non-executive director
b) Initial notification /Amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name
Sativa Wellness Group Inc,
b) LEI
1213800V7NVQZF5G8VS50
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Common shares of np par value each in Sativa Wellness Group Inc.
Identification code (ISIN) for Sativa Wellness Group Inc. common shares: CA80403E1043
b) Nature of the transaction
Disclosure of Common Shares and warrants
c) Price(s) and volume(s)
Price(s)
C$0.07875
C$0.105
Volume(s)
13,000,000 shares
6,500,000 warrants
N/A
e) Date of the transaction
9 April 2021
f) Place of the transaction
AQSE Growth Market