VANCOUVER, BC, Nov. 10,
2023 /CNW/ - Thinkific Labs Inc. ("Thinkific"
or the "Company") (TSX: THNC) today announced that its Chief
Executive Officer, Greg Smith, has
made certain technical amendments ("Amendments") to the
previously announced automatic securities disposition plan (as
amended, the "ASDP") in accordance with applicable Canadian
securities legislation and the Company's internal policies. As
previously announced on November 7,
2023, the Amendments ensure that the independent broker
facilitating purchases of subordinate voting shares under the
Company's normal course-issuer bid ("NCIB") will not bid
under the NCIB for subordinate voting shares offered under the
ASDP.
The ASDP was established on June 14,
2023 by Mr. Smith for personal and financial planning
purposes and Mr. Smith's views on the future prospects of the
Company remain the same. At the time of the Amendments, Mr.
Smith was not aware of or in possession of any material non-public
information about the Company or any securities of the Company.
This announcement is made and will be available on the Company's
SEDAR+ profile available at www.sedarplus.ca pursuant to the
recommended practices set forth in Staff Notice 55-317 Automatic
Securities Disposition Plans of the Canadian Securities
Administrators. Information regarding the ASDP and transactions
thereunder, as the case may be, may be accessed on SEDI at
www.sedi.ca.
About Thinkific
Thinkific (TSX: THNC) makes it simple for entrepreneurs and
established businesses of any size to scale and generate revenue by
teaching what they know. Our Platform gives businesses everything
they need to build, market, and sell online courses and other
learning products, and to run their business seamlessly under their
own brand, on their own site. Thinkific's 50,000+ active creators
earn hundreds of millions of dollars in direct course sales while
teaching tens of millions of students. Thinkific is headquartered
in Vancouver, Canada, with a
distributed and growing team.
For more information, please visit www.thinkific.com.
This news release includes forward-looking statements and
forward–looking information within the meaning of applicable
securities laws ("forward-looking statements"). Often, but not
always, forward–looking information can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative and grammatical variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements in this news release include
statements regarding the Company's purchases under the NCIB and Mr.
Smith's sales under the ASDP. Such statements and information are
based on the current expectations of Thinkific's management and are
based on assumptions and subject to risks and uncertainties.
Although Thinkific's management believes that the assumptions
underlying these statements and information are reasonable, they
may prove to be incorrect. Except as required by applicable
securities laws, forward–looking statements and information speak
only as of the date on which they are made and Thinkific undertakes
no obligation to publicly update or revise any forward–looking
statement or information, whether as a result of new information,
future events or otherwise
SOURCE Thinkific Labs Inc.