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Enter Symbol
or Name
USA
CA



Patient Home Monitoring Corp
Symbol PHM
Shares Issued 377,696,396
Close 2017-11-20 C$ 0.29
Market Cap C$ 109,531,955
Recent Sedar Documents

Patient Home mails meeting materials for Dec. 15 AGM

2017-11-20 17:12 ET - News Release

Mr. Todd Zehnder reports

PHM PROVIDES UPDATE ON SPIN-OUT AND MEETING OF SECURITYHOLDERS

Patient Home Monitoring Corp. has mailed its meeting materials for its annual general and special meeting of shareholders and optionholders to be held on Dec. 15, 2017, at the Hilton Garden Inn, 2350 West Congress St., Lafayette, La., at 9:30 a.m. CST.

At the meeting, in addition to the business of the annual meeting, securityholders will be asked to consider and vote upon a proposed plan of arrangement involving the company and Viemed Healthcare Inc., a wholly owned subsidiary of the company, pursuant to which the company proposes to split into two separately listed companies:

  • Viemed, which will comprise Patient Home's market-leading provider of equipment and home therapy to service a wide array of respiratory diseases, including patients who suffer from chronic obstructive pulmonary disorder (COPD) and chronic respiratory failure (CRF), among other neuromuscular diseases. The shares of Viemed will be listed for trading on the TSX Venture Exchange under the symbol VMD;
  • Patient Home, which will comprise Patient Home's market-leading durable medical equipment (DME) company that specializes in delivering and servicing home-based medical equipment, including oxygen therapy, sleep apnea treatment and mobility equipment. The shares of Patient Home will continue to be listed for trading on the TSX Venture Exchange under Patient Home's trading symbol PHM.

The meeting materials, including a copy of the notice of meeting and management information circular describing the terms of the arrangement, are available under the company's SEDAR profile.

The company has received conditional approval for the arrangement from the TSX-V. In addition, the company obtained an interim order from the Supreme Court of British Columbia, which provides for, among other things, the holding of the meeting to consider the arrangement. Subject to the approval of the arrangement at the meeting, the corporation intends to make application to the court for the final order approving the arrangement on or about Dec. 20, 2017.

The arrangement remains subject to the satisfaction of closing conditions, including, among other things, approval of securityholders at the meeting, receipt of a final order of the court and the final approval of the TSX-V.

The board of directors of the company has unanimously approved the arrangement and recommends that securityholders vote in favour of the arrangement.

We seek Safe Harbor.

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