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Goose goose duck canada goose12/16/2023 Such purchases will be made by the designated broker based on such purchasing parameters, without further instructions by Canada Goose, in compliance with the rules of the TSX, applicable securities laws and the terms of the ASPP. Pursuant to the ASPP, before entering into a blackout period, the Company may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with certain purchasing parameters. In connection with the NCIB, the Company also re-entered into an automatic share purchase plan (“ ASPP”) with the designated broker responsible for the NCIB, allowing for the purchase of subordinate voting shares under the NCIB at times when Canada Goose would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed blackout periods. Canada Goose will otherwise be allowed to purchase daily, through the facilities of the TSX, a maximum of 71,846 subordinate voting shares representing 25% of the average daily trading volume of 287,387 subordinate voting shares, as calculated per the TSX rules for the six-month period starting on and ending on October 31, 2023. Furthermore, under the NCIB, Canada Goose may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) at market price, in accordance with TSX rules. Purchases made under an issuer bid exemption order will be at a discount to the prevailing market price as per the terms of the order. In the event that the Company acquires subordinate voting shares by other means as a securities regulatory authority may permit, the purchase price of the subordinate voting shares may be different than the market price of the subordinate voting shares at the time of the acquisition. Purchases under the NCIB will be made by means of open market transactions or such other means as a securities regulatory authority may permit. Subordinate voting shares will be acquired under the NCIB at the market price plus brokerage fees. The NCIB will be conducted through the facilities of the TSX and the New York Stock Exchange (“ NYSE”) or alternative trading systems in Canada and the United States, if eligible, and will conform to their regulations. As at November 10, 2023, there were 49,917,029 subordinate voting shares issued and outstanding.Ĭanada Goose currently believes that the purchase of the Company’s subordinate voting shares under the NCIB is an appropriate and desirable use of available excess cash on hand, as part of its broader capital allocation strategy. This represents approximately 10% of the 49,805,058 subordinate voting shares comprising the public float (the “ Public Float”) determined in accordance with TSX requirements as at November 10, 2023. The NCIB as renewed provides for the purchase for cancellation of up to 4,980,505 subordinate voting shares of Canada Goose over the twelve-month period commencing on Novemand ending no later than November 21, 2024. (the ” Company” or “ Canada Goose”) (NYSE, TSX: GOOS) today announced that the Toronto Stock Exchange (“ TSX”) has approved the renewal of its normal course issuer bid (the “ NCIB”). TORONTO-( BUSINESS WIRE)-Canada Goose Holdings Inc.
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