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Automatic Securities Disposition Plan Established by Thinkific's Chief Executive Officer
Automatic Securities Disposition Plan Established by Thinkific's Chief Executive Officer ...
About this update from Thinkific Labs, Inc.
[{"type":"text","content":"\n \n \n \n Automatic Securities Disposition Plan Established by Thinkific's Chief Executive Officer\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Mar. 1, 2023\n \n \n /CNW/ - Thinkific Labs Inc. (\"\n \n Thinkific\n \n \" or the \"\n \n Company\n \n \") (TSX: THNC) today announced that its Chief Executive Officer,\n \n Greg Smith\n \n , established an automatic securities disposition plan (\"\n \n ASDP\n \n \"), in accordance with applicable Canadian securities legislation and the Company's internal policies. The ASDP has been established by Mr. Smith for personal and financial planning purposes and does not reflect Mr. Smith's views on the future prospects of the Company. Mr. Smith will continue to hold a significant equity interest in the Company following the sale of shares under the ASDP.\n \n \n The ASDP permits trades to be made in accordance with pre-arranged instructions given when Mr. Smith was not in possession of any material undisclosed information. The ASDP will be effective on\n \n March 9, 2023\n \n (the \"\n \n Effective Date\n \n \") and sales of the subordinate voting shares (the \"\n \n Subordinate Voting Shares\n \n \") under the ASDP may commence on the Effective Date.\n \n \n Up to 30,000 Subordinate Voting Shares, representing approximately 0.0375% of the issued and outstanding Subordinate Voting Shares and multiple voting shares of the Company (the \"\n \n Multiple Voting Shares\n \n \"), may be sold under the ASDP implemented by Mr. Smith. All such Subordinate Voting Shares would be issued upon the conversion of up to 30,000 Multiple Voting Shares held by Mr. Smith in accordance with the Articles of the Company. The ASDP is designed to allow for an orderly disposition of the Subordinate Voting Shares at prevailing market prices over the course of the 22-day period that sales under the ASDP are expected to take place.\n \n \n Mr. Smith has provided pre-arranged instructions in writing to the independent agent administering the ASDP, including the number of secu...