/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, June 4, 2021 /CNW/ - Neighbourly Pharmacy Inc.
("Neighbourly" or the "Company") (TSX: NBLY),
Canada's largest and fastest
growing network of community pharmacies, today announced that,
further to its recently completed initial public offering of common
shares of the Company (the "Offering"), the over-allotment
option granted by certain shareholders of the Company (the
"Selling Shareholders") to the underwriters under the
Offering to purchase an additional 1,544,250 common shares of the
Company from the Selling Shareholders at a price of $17.00 per common share (the "Over-Allotment
Option") was exercised in full. The Selling Shareholders
received aggregate gross proceeds of approximately $26.25 million in connection with the closing of
the Over-Allotment Option.
Neighbourly's common shares are listed and have been trading on
the Toronto Stock Exchange under the symbol "NBLY" since
May 25, 2021.
The Offering was led by Scotiabank and RBC Capital Markets as
joint active bookrunners and BMO Capital Markets as joint
bookrunner (collectively with Scotiabank and RBC Capital Markets,
the "Co-Lead Underwriters"), together with a syndicate
comprised of National Bank Financial Inc., TD Securities Inc.,
Desjardins Capital Markets, iA Private Wealth Inc., and HSBC.
No securities regulatory authority has either approved or
disapproved of the contents of this news release. The Company's
common shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws. Accordingly,
the Company's common shares may not be offered, sold, or delivered
within the United States unless
pursuant to an exemption from the registration requirements of the
U.S. Securities Act and applicable state securities laws. This news
release does not constitute an offer to sell or a solicitation of
an offer to buy any securities of Neighbourly in any jurisdiction
in which such offer, solicitation, or sale would be unlawful.
About Neighbourly Pharmacy Inc.
Neighbourly is Canada's largest
and fastest growing network of community
pharmacies. United by their patient first focus and their
role as essential and trusted healthcare hubs within their
communities, Neighbourly's pharmacies strive to provide
accessible healthcare with a personal touch. Since 2015,
Neighbourly has expanded its diversified national
footprint to include 145 locations, reinforcing the
Company's reputation as the industry's acquirer of choice.
SOURCE Neighbourly Pharmacy Inc.