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Premium Brands Holdings Corporation Announces Completion of $230 Million Public Offering of Common Shares and $57.5 Million Concurrent Private Placement of Common Shares
Premium Brands Holdings Corporation Announces Completion of $230 Million Public Offering ...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"\n \n \n \n Premium Brands Holdings Corporation Announces Completion of $230 Million Public Offering of Common Shares and $57.5 Million Concurrent Private Placement of Common Shares\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Dec. 1, 2020\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 1, 2020\n \n /CNW/ -\n \n \n Premium Brands Holdings Corporation (\"Premium Brands\" or the \"Company\") (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce the successful closing of the issue and sale of 2,358,650 common shares of the Company (the \"Offered Shares\") at a price (the \"Offering Price\") of\n \n $97.55\n \n per Offered Share (including 307,650 common shares of the Company issued in connection with the exercise, in full, of the Underwriters' (as defined below) over-allotment option) (the \"Offering\").\n \n \n The Offered Shares were offered to the public through a syndicate of underwriters which was co-led by Cormark Securities Inc., BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc. and Scotiabank, and included RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., Industrial Alliance Securities Inc., Merrill Lynch Canada Inc., and Wells Fargo Securities Canada, Ltd.  (collectively, the \"Underwriters\").\n \n \n Concurrent with the closing of the Offering, Premium Brands completed a private placement (the \"Concurrent Private Placement\") of 590,000 common shares of the Company at the Offering Price with Canada Pension Plan Investment Board (\"CPP Investments\") (including 77,000 common shares of the Company issued in connection with the exercise, in full, of CPP Investments' additional share option), for aggregate gross proceeds to the Company of approximately\n \n $57.5 million\n \n . The common shares issued to CPP Investments pursuant to the Concurrent Pri...