The Company will have the ability to acquire Debentures under the NCIB
commencing on October 2, 2015.
In accordance with TSX rules, any daily purchases (other than pursuant to a block purchase exception) on the TSX under the NCIB
are limited to a maximum of 320,441 Common Shares, which represents 25% of the average daily trading volume on the TSX for the six months ended August 31, 2015.
With respect to the statement in this news release as to the intended number of common shares to be repurchased under the NCIB
, there is no certainty that the full number of intended shares will be purchased.
The Company s management and Board of Directors believe that the repurchase of Class A subordinate voting shares ( Class A Shares ) of the Company is a proper use of the Company s funds, and the NCIB
will provide the Company with the flexibility to purchase Class A Shares from time to time as the Company considers it advisable, as part of its strategy to increase shareholder value.
Share purchases under the NCIB
will be conducted through the facilities of the Exchange and other Canadian marketplaces/alternative trading systems.
It is expected that the NCIB
will commence on February 6, 2009 and will continue until February 5, 2010 or such earlier date if the Company purchases the maximum number of Common Shares.
Today, we are also announcing we have received regulatory approval to advance our 2015 NCIB
to purchase and cancel up to 16 million TELUS common shares valued at up to $500 million.
BMO Nesbitt Burns will be appointed as the brokerage firm responsible for making purchases of common shares under the NCIB
on behalf of Capstone.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable securities laws, including, without limitation, the potential repurchase of Common Shares by Amaya under the NCIB
Purchases of Class A Units under the NCIB
may commence on August 27, 2014.
will commence on May 25, 2012 and will terminate on May 24, 2013 or such earlier time as the NCIB
is completed or terminated at the option of Duluth.
At the end of 2006, TELUS renewed its third NCIB
program for up to 24 million shares of stock.