VANCOUVER, BC, June 15,
2022 /CNW/ - WELL Health Technologies Corp. (TSX:
WELL) (the "Company" or "WELL"), a company
focused on positively impacting health outcomes by leveraging
technology to empower practitioners and their patients globally,
announced today that it has entered into an automatic share
purchase plan ("ASPP") with a broker in order to facilitate
repurchases of the Company's common shares ("Common Shares")
under its previously announced normal course issuer bid
("NCIB").
WELL previously announced that it had received approval from the
Toronto Stock Exchange ("TSX") to, during the 12-month
period commencing June 1, 2022 and terminating May
31, 2023, purchase up to 5,555,386 Common Shares, representing
approximately 2.5% of the 222,215,443 Common Shares issued and
outstanding as of May 30, 2022, by way of a NCIB on the TSX or
through alternative trading systems or by such other means as may
be permitted under applicable law.
During the effective period of WELL's ASPP, WELL's broker may
purchase Common Shares at times when WELL would not be active in
the market due to insider trading rules and its own internal
trading blackout periods. Purchases will be made by WELL's broker
based upon parameters set by WELL when it is not in possession of
any undisclosed material information about itself and its
securities, and in accordance with the terms of the ASPP. Outside
of the effective period of the ASPP, Common Shares may continue to
be purchased in accordance with WELL's discretion, subject to
applicable law. The ASPP has been entered into in accordance with
the requirements of applicable Canadian securities laws.
WELL HEALTH TECHNOLOGIES
CORP.
Per: "Hamed Shahbazi"
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
About WELL Health Technologies
Corp.
WELL is a practitioner focused digital healthcare company whose
overarching objective is to positively impact health outcomes to
empower and support healthcare practitioners and their patients.
WELL has built an innovative practitioner enablement platform that
includes comprehensive end to end practice management tools
inclusive of virtual care and digital patient engagement
capabilities as well as Electronic Medical Records (EMR), Revenue
Cycle Management (RCM) and data protection services. WELL uses this
platform to power healthcare practitioners both inside and outside
of WELL's own omni-channel patient services offerings. As such,
WELL owns and operates Canada's
largest network of outpatient medical clinics serving primary and
specialized healthcare services and is the provider of a leading
multinational, multi-disciplinary telehealth offering. WELL is
publicly traded on the Toronto Stock Exchange under the symbol
"WELL" and is part of the TSX Composite Index. The Company
also trades on the OTCQX Markets under the symbol "WHTCF".
To learn more about the Company, please visit:
www.well.company.
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SOURCE WELL Health Technologies Corp.