VANCOUVER, BC, May 31, 2023
/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").
Earlier today, WELL announced that it had received approval from
the Toronto Stock Exchange ("TSX") to purchase up to
5,884,589 Common Shares, representing approximately 2.5% of the
235,383,589 Common Shares issued and outstanding as of today's
date, 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. As a correction to the previous announcement, the NCIB will
run from June 5, 2023 to June 4, 2024.
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.
WELL's overarching mission is to positively impact health outcomes
by leveraging technology to empower healthcare practitioners and
their patients globally. WELL exists to enable healthcare
practitioners with best-in-class technology and services. WELL has
built the most comprehensive end-to-end healthcare system across
Canada including the nation's
largest network of clinics supporting primary care, specialized
care, and diagnostics services. In the
United States, WELL provides omni-channel healthcare
services and solutions targeting specialized markets such as the
gastrointestinal market, women's health, primary care, and mental
disorders. In addition to providing patient services, WELL
develops, integrates, and sells its own suite of technology
software and solutions to medical clinics and healthcare
practitioners. WELL's practitioner enablement platform includes:
Electronic Medical Records ("EMR"), telehealth platforms, practice
management, billing, Revenue Cycle Management ("RCM"), digital
health apps and data protection solutions. WELL is publicly traded
on the Toronto Stock Exchange under the symbol "WELL" and on the
OTC Exchange under the symbol "WHTCF". To learn more about the
Company, please visit: www.well.company.
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SOURCE WELL Health Technologies Corp.