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Hampton Financial Corp
Symbol HFC
Shares Issued 15,910,370
Close 2024-01-03 C$ 0.50
Market Cap C$ 7,955,185
Recent Sedar Documents

Hampton investor Deeb sells 200,000 subordinate shares

2024-01-12 17:52 ET - News Release

Mr. Peter Deeb reports

PETER DEEB/DEEB & COMPANY LIMITED ADVISES OF SALE OF SUBORDINATE VOTING SHARES OF HAMPTON FINANCIAL CORPORATION

Pursuant to the requirements of National Instrument 62-103 -- The Early Warning System and Related Take Over Bids and Insider Reporting Issues (NI 62-103), Peter Deeb and Deeb & Company Ltd., a corporation controlled by Mr. Deeb (together, Deeb), advises of the sale by Deeb of subordinate voting shares (SVS) in the capital of Hampton Financial Corp. of 141 Adelaide St. W., Suite 1800, Toronto, Ont., M5H 3L5.

Deeb sold 200,000 SVS in a market transaction through the facilities of the TSX Venture Exchange, at the price of 51 cents per share for gross proceeds of $105,000, on Nov. 27, 2023. Immediately prior to the transaction, Deeb beneficially owned 17,139,895 SVS, representing approximately 55.0 per cent of SVS, including the deemed conversion of securities held by Deeb that are immediately convertible into SVS. Immediately following the transaction, Deeb beneficially owned 16,939,895 SVS, representing approximately 54.4 per cent of SVS, including the deemed conversion of securities held by Deeb that are immediately convertible into SVS. The SVS were sold for investment purposes.

Deeb also owns 15,149,845 multiple voting shares (MVS) in the capital of the corporation. Each MVS carries 20 votes per share, while each SVS carries one vote per share. By virtue of Deeb's holdings of MVS, the transaction represents the disposal by Deeb of less than 2 per cent of the votes attaching to securities of the corporation beneficially owned by Deeb, which were the subject of the most recent report filed by Deeb under NI 62-103, on Nov. 10, 2019.

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