Last Mile Holdings Announces Further Update to its First Quarter Financial Statements and Postponement of Executive Compensation Disclosure Due to COVID-19
VANCOUVER, BC, June 26, 2020 /CNW/ - Last Mile Holdings Ltd. ("MILE" or the "Company") (TSXV: MILE) (OTC: AZNVF) announces that further to its news release dated May 29, 2020, the Company will continue to rely on exemptive relief granted by Canadian securities regulatory authorities which allows it to delay the filing of its interim documents required by sections 4.2 and 5.12(2) of National Instrument 51-102 ("NI 51-102"). In response to the COVID-19 pandemic, securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings. The Company is expecting to file its interim financial statements and management discussion and analysis for the three month period ended March 31, 2020 (the "Interim Filings") by the extension date of July 16, 2020.
The Company's management and other insiders will be subject to a trading black-out that reflects the principles in Section 9 of National Policy 11-207 until its Interim Filings are filed, which will be by July 16, 2020.
Other than as previously disclosed by the Company in news releases, including the information herein, there are no other material business developments since May 29, 2020, the date of the Company's news release announcing the delay in filing of the Interim Filings.
The Company further announces it will be delaying the filing of its statement of its executive compensation as otherwise required by subsections 9.3.1(2) and (2.2) of NI 51-102 in reliance on BC Instrument 51-516 – Temporary Exemptions from Certain Requirements to File or Send Security Holder Materials (and similar exemptions provided by other relevant Canadian securities regulators). The Company expects to include its statement of executive compensation in its management information circular in connection with its annual general meeting of shareholders to be held no later than December 31, 2020.
For more information on Last Mile Holdings, visit lastmile-holdings.com.
About Last Mile Holdings
Follow us on social:
About Gotcha Mobility
Cautionary Statement Regarding Forward-Looking Information
SOURCE Last Mile Holdings Ltd.
Smarter Strategies for IoT Deployment
IoT Evolution #TECHSUPERSHOW Expo Hall Open
Connectivity Management: Change is Gonna Come