ELSE Nutrition Holdings: Else Nutrition Clarifies News Release Regarding Deemed Insider Share Disposition
(TSXV:BABY)(
(FSE:0YL)
("Else" or the "Company") wishes to clarify the purpose of the December 15 news release issued on behalf of Ms. Hamutal Yitzhak, the CEO of the Company, announcing the filing of an Early Warning Report required under Canadian laws. Ms. Yitzak did not sell or otherwise dispose of any of the shares referenced in that report. Instead, the report related to a decrease in voting rights held by Ms. Yitzhak pursuant to a voting support agreement entered into in June of 2019 between the Company, Ms. Yitzhak and certain shareholders of the Company. Ms. Yitzhak held no ownership rights or economic interest in the share referenced in that news release, and no sale or actual disposition occurred.