NAMASTE TECHNOLOGIES INC. SECURITIES
CANADIAN CLASS ACTION
Claim Form must be submitted electronically in the on-line claims administration portal at https://www.namastesecuritiesclassaction.ca/portal
Claims Bar Deadline is July 17, 2020 at 11:59 PM
The Administrator will not accept any Claim Forms after July 17, 2020 without authorization of the Court.
This claims administration website was updated on May 8, 2020
Please follow the step-by-step the Claim Form Instructions located at the top of the view claims page to help you file a successful Claim Form.
- Please provide the required “Supporting Documentation” to verify when you purchased or acquired your “Shares” during the “Class Period” and held until after the close of trading on February 3, 2019, calculated using “LIFO”. Trade date applies (not settlement date);
- Please provide the required “Supporting Documentation” to verify when you sold or disposed of your “Shares” on or after February 4, 2019. Trade date applies (not settlement date);
- Please complete the Claim Form and the calculations for their Maximum Entitlement.
If a Claimant fails to provide the Claims Administrator the required calculations for their Maximum Entitlement and Supporting Documentation in an organized manner to allow the Administrator to readily determine the amount of the Claim and adjudicate the Claim Form, the Administrator may exercise the right to reject the Claim Form in its entirety.
“Supporting Documentation” means true copies of (i) all trade confirmation slips in respect of transactions in the Qualified Shares during the Class Period (and ten days after the end of the Class Period), or (ii) all monthly statements with information concerning transactions in the Qualified Shares during the Class Period (and ten days after the end of the Class Period). Trade date applies (not settlement date);
For Qualified Shares NOT disposed (sold) of when the Claim Form is submitted, February 2020 to July 2020, monthly investment statement or portfolio summary for Qualified Shares NOT disposed of when the Claim Form is submitted.
“Shares” means securities of Namaste that are or were listed for trading on the TSX (Toronto) or the FSE Frankfurt) that traded during the Class Period from November 29, 2017 to and including February 3, 2019. “TSX” means Toronto Stock Exchange and “FSE” means Frankfurt Stock Exchange;
“Class Period” means the period from November 29, 2017 to and including February 3, 2019;
“LIFO” means the principle of last-in first-out, wherein securities are deemed to be sold in the opposite order that they were purchased (i.e. the last securities purchased are deemed to be the first sold);
“Maximum Entitlement” means an Authorized Claimant’s actual loss on Qualified Shares, as calculated pursuant to the formula set forth in the Claim Form;
Due to Covid-19, our office is closed and the best method for communication is by email at . During this time period, we would appreciate that you would not call or email just asking if we have reviewed your Claim Form. We are here to help on all other related questions and need for assistance. Please be patient as we will respond to all calls and emails as quickly as possible.
It is important that Class Members and Claimants check the website and/or log into the online claims administration portal on a regular basis for updates in regards to the claims administration and their individual Claim.
Please take-care of yourself and others.