Jamieson Well­ness un­der­writ­ers ex­er­cise $45M green­shoe

Jamieson Well­ness Inc.’s un­der­writ­ers have ex­er­cised their over­al­lot­ment op­tion, pur­chas­ing an ad­di­tional 2.85 mil­lion shares at $15.75 each for $45-mil­lion.

Stockwatch Daily - - FRONT PAGE - An anony­mous di­rec­tor re­ports

JAMIESON WELL­NESS Inc. has pro­vided a fur­ther up­date to its re­cently com­pleted ini­tial pub­lic of­fer­ing of com­mon shares, in­clud­ing a trea­sury of­fer­ing and a sec­ondary of­fer­ing by cer­tain share­hold­ers, in­clud­ing CCMP Cap­i­tal In­vestors III Ag­gre­ga­tor (AV-3) Ltd. (the CCMP share­holder), an en­tity that is con­trolled by cer­tain funds to which in­vest­ment ad­vi­sory ser­vices are pro­vided by CCMP Cap­i­tal Ad­vi­sors LP (CCMP), of an ag­gre­gate of 19.05 mil­lion com­mon shares at a price of $15.75 per com­mon share. The over­al­lot­ment op­tion granted to the un­der­writ­ers by CCMP was ex­er­cised in full for ad­di­tional gross pro­ceeds to the CCMP share­holder of $45,005,625. The sale of the ad­di­tional com­mon shares to­day by the CCMP share­holder brings the to­tal gross pro­ceeds of the of­fer­ing to $345,043,125, with Jamieson Well­ness and the sell­ing share­hold­ers re­ceiv­ing gross pro­ceeds of $244,987,391 and $100,055,734, re­spec­tively.

The com­mon shares are listed on the Toronto Stock Ex­change un­der the sym­bol JWEL.

BMO Cap­i­tal Mar­kets and RBC Cap­i­tal Mar­kets acted as joint bookrun­ners for the of­fer­ing with a syn­di­cate that in­cluded CIBC World Mar­kets Inc., Sco­tia­bank, Na­tional Bank Fi­nan­cial Inc., TD Se­cu­ri­ties Inc., Canac­cord Ge­nu­ity Corp. and Cor­mark Se­cu­ri­ties Inc.

Im­me­di­ately prior to the clos­ing of the over­al­lot­ment op­tion, the CCMP share­holder owned 17,801,760 com­mon shares, rep­re­sent­ing an ap­prox­i­mate 47.2-per-cent eq­uity in­ter­est in the com­pany. Af­ter giv­ing ef­fect to the sale of 2,857,500 com­mon shares pur­suant to clos­ing of the over­al­lot­ment op­tion, the CCMP share­holder owns 14,944,260 com­mon shares, rep­re­sent­ing an ap­prox­i­mate 39.7-per-cent eq­uity in­ter­est in the com­pany.

The com­mon shares were ac­quired by the CCMP share­holder for in­vest­ment pur­poses. The CCMP share­holder may de­ter­mine to sell all or some of the com­mon shares it holds, de­pend­ing upon price, mar­ket con­di­tions, avail­abil­ity of funds, eval­u­a­tion of al­ter­na­tive in­vest­ments and other fac­tors.

An early warn­ing re­port will be filed by the CCMP share­holder in ac­cor­dance with ap­pli­ca­ble se­cu­ri­ties laws and will be avail­able on SEDAR or may be ob­tained di­rectly from Richard Jansen, manag­ing di­rec­tor, gen­eral coun­sel and chief com­pli­ance of­fi­cer of CCMP, upon re­quest at 212-600-9600.

The CCMP share­holder is formed un­der the laws of the Cay­man Is­lands and its reg­is­tered of­fice is care of In­tertrust Cor­po­rate Ser­vices (Cay­man) Ltd., 190 El­gin Ave., Ge­orge Town, Grand Cay­man. CCMP is a lead­ing global pri­vate eq­uity firm spe­cial­iz­ing in buy­out and growth eq­uity in­vest­ments.

About Jamieson Well­ness Inc.

Jamieson Well­ness is ded­i­cated to im­prov­ing the world’s health and well­ness with its port­fo­lio of in­no­va­tive nat­u­ral health brands. Es­tab­lished in 1922, Jamieson Vi­ta­mins is the com­pany’s her­itage brand and Canada’s No. 1 con­sumer health brand. Jamieson Well­ness man­u­fac­tures and mar­kets sports nu­tri­tion prod­ucts and spe­cialty sup­ple­ments un­der its Pro­gres­sive, Pre­ci­sion and Iron Ve­gan brands. The com­pany also mar­kets prod­ucts by Lorna Van­der­haeghe Health So­lu­tions (LVHS), the No. 1 women’ s nat­u­ral-health-fo­cused brand in Canada.

We seek Safe Har­bor.

Louis Aronne, Dou­glas Cahill, Mark Hor­nick, Joseph Schar­fen­berger, David Michael Wil­liams, Richard Zan­nino

(JWEL) Shares: 38,462,855

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