Workflow
Normal Course Issuer Bid
icon
Search documents
Celestica Announces TSX Acceptance of Normal Course Issuer Bid
Globenewswireยท 2025-10-30 11:15
Core Viewpoint - Celestica Inc. has announced the initiation of a Normal Course Issuer Bid to repurchase up to 5,722,527 common shares, representing approximately 5.0% of its public float, as part of its strategy to utilize funds effectively and enhance shareholder value [1][2][5]. Summary by Sections Normal Course Issuer Bid Details - The Bid will commence on November 3, 2025, and will conclude on the earlier of November 2, 2026, or upon completion of the share purchases [2]. - The maximum daily repurchase limit is set at 221,734 common shares based on the average daily trading volume of 886,938 shares over the past six months [3]. Financial Implications - The repurchases will be funded through existing cash resources and potential draws on the company's credit facility [4]. - As of October 20, 2025, Celestica had 115,036,621 issued and outstanding common shares, with a public float of 114,450,556 shares [5]. Previous Issuer Bid Performance - The company previously executed a normal course issuer bid that is set to expire on October 31, 2025, under which it repurchased and canceled 1,522,831 shares at a weighted average price of US$92.26 per share [6]. Company Overview - Celestica is recognized as a technology leader specializing in data center infrastructure and advanced technology solutions, focusing on AI, cloud, and hybrid cloud markets [7].
Wesdome Gold Mines Announces Normal Course Issuer Bid
Globenewswireยท 2025-10-21 22:00
Core Viewpoint - Wesdome Gold Mines Ltd. has announced the initiation of a Normal Course Issuer Bid (NCIB) to repurchase up to 2% of its public float over the next 12 months, pending approval from the Toronto Stock Exchange (TSX) [1][3]. Group 1: NCIB Details - The NCIB will allow Wesdome to repurchase a maximum of 2% of its public float, which translates to approximately 3,013,315 shares, over a 12-month period [3]. - As of October 16, 2025, Wesdome had 150,969,214 issued and outstanding shares, with a daily maximum purchase limit of 182,093 shares based on the average daily trading volume [3]. - The purchases will be made at market price and any shares acquired will be cancelled upon purchase [4]. Group 2: Financial Position and Strategy - The introduction of the NCIB reflects Wesdome's strong balance sheet, characterized by no debt and a growing cash position, allowing for both high-return growth initiatives and capital returns to shareholders [2]. - The board believes that the NCIB is an appropriate use of available liquidity after funding strategic growth initiatives, aimed at enhancing per-share value [2]. Group 3: Operational Context - Wesdome is a Canadian-focused gold producer with two high-grade underground assets: the Eagle River mine in Ontario and the Kiena mine in Quebec [5]. - The company's primary goal is to leverage its operating platform and exploration pipeline to build a value-driven Canadian gold producer [5].
Major Drilling Announces Normal Course Issuer Bid
Globenewswireยท 2025-10-17 11:00
Core Viewpoint - Major Drilling Group International Inc. has announced a normal course issuer bid (NCIB Program) to repurchase up to 4,097,159 common shares, approximately 5% of its outstanding shares, over a 12-month period starting October 21, 2025 [1][2]. Group 1: NCIB Program Details - The NCIB Program allows Major Drilling to purchase shares on the Toronto Stock Exchange (TSX) at prevailing market prices, with a daily limit of 34,457 shares, which is 25% of the average daily trading volume for the previous six months [2][3]. - The total number of common shares outstanding as of October 14, 2025, is 81,943,186 [1]. - Shares repurchased under the NCIB Program will be cancelled, which is expected to enhance the value for remaining shareholders [2]. Group 2: Automatic Share Purchase Plan (ASPP) - Major Drilling will implement an automatic share purchase plan (ASPP) to facilitate share repurchases during regulatory restrictions or blackout periods [3][4]. - The designated broker will make purchases based on parameters set by the company prior to entering a blackout period [4]. Group 3: Company Overview - Major Drilling is the largest provider of specialized drilling services in the mining sector, with operations across North America, South America, Australia, Asia, Africa, and Europe [6]. - Established in 1980, the company has built a reputation for handling complex drilling projects and is supported by a skilled workforce and experienced management team [6][7].
Fairfax India Announces Intention to Make a Normal Course Issuer Bid
Globenewswireยท 2025-09-26 11:50
Core Points - Fairfax India Holdings Corporation has announced its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares effective September 30, 2025 [1][2] - The board of directors has approved the purchase of up to 5,551,115 Subordinate Voting Shares, representing approximately 10% of the public float as of September 16, 2025 [2][3] - Fairfax India believes that its Subordinate Voting Shares represent an attractive investment opportunity and that the purchases will enhance the value for remaining shareholders [3] Purchase Details - The company may purchase up to 11,879 Subordinate Voting Shares on any trading day, which is 25% of the average daily trading volume over the past six months [2] - Under its existing Normal Course Issuer Bid, Fairfax India has purchased 356,465 Subordinate Voting Shares at a volume weighted average price of US$15.34 [4] - An automatic share purchase plan (ASPP) has been established to facilitate purchases during regulatory black-out periods [5][6] Company Overview - Fairfax India is an investment holding company focused on long-term capital appreciation by investing in public and private equity securities and debt instruments primarily in India [7]
Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares and Preferred Shares
Globenewswireยท 2025-09-26 11:45
Core Viewpoint - Fairfax Financial Holdings Limited has announced its intention to commence a Normal Course Issuer Bid (NCIB) for its Subordinate Voting Shares and specific series of Preferred Shares, believing these represent an attractive investment opportunity [1][3]. Summary by Sections NCIB Details - The NCIB will commence on September 30, 2025, and end on September 29, 2026, allowing for the purchase of Subordinate Voting Shares and Preferred Shares up to specified limits [2]. - The limits on purchases are as follows: - Subordinate Voting Shares: 22,477,575 outstanding, with a total limit of 2,187,316 and a daily limit of 11,371 [2]. - Series I Shares: 10,420,101 outstanding, with a total limit of 1,042,010 and a daily limit of 3,424 [2]. - Series J Shares: 1,579,899 outstanding, with a total limit of 157,989 and a daily limit of 1,000 [2]. - Series K Shares: 9,500,000 outstanding, with a total limit of 950,000 and a daily limit of 1,571 [2]. Previous NCIB Performance - Under its existing NCIB, Fairfax has purchased 837,057 Subordinate Voting Shares at an average price of Cdn.$2,090.47, with no Preferred Shares purchased [4]. Automatic Share Purchase Plan (ASPP) - Fairfax has entered into an ASPP with a designated broker to facilitate purchases during regulatory restrictions or internal trading black-out periods [5]. - The ASPP will be effective from September 30, 2025, and will terminate upon reaching the maximum purchase limit, expiration of the NCIB, or termination by Fairfax [7]. Company Overview - Fairfax is primarily engaged in property and casualty insurance and reinsurance, along with associated investment management through its subsidiaries [8].
Firan Technology Group Corporation Announces Acceptance by TSX of Normal Course Issuer Bid Renewal
Globenewswireยท 2025-09-25 21:30
Core Points - Firan Technology Group Corporation (FTG) has received approval from the Toronto Stock Exchange (TSX) for a Normal Course Issuer Bid (NCIB) to repurchase up to 1,258,669 common shares, approximately 5% of its outstanding shares as of September 16, 2025 [1][2] - The repurchase program will commence on September 30, 2025, and will last for 12 months, concluding on September 29, 2026, or when the purchases are completed [1][2] - FTG did not repurchase any shares under its previous NCIB, which allowed for the repurchase of 1,193,740 shares [3] Company Overview - FTG operates in the aerospace and defense electronics sector, supplying products and subsystems globally [5][6] - The company has two main operating units: FTG Circuits, which manufactures high-reliability printed circuit boards, and FTG Aerospace, which designs and manufactures illuminated cockpit products and electronic assemblies [5][6] - FTG has operations in multiple locations, including Toronto, California, Virginia, Minnesota, Massachusetts, and a joint venture in Tianjin, China [5][6]
Dream Unlimited Corp. Renews Normal Course Issuer Bid and Announces Automatic Securities Purchase Plan
Businesswireยท 2025-09-19 11:37
Core Points - Dream Unlimited Corp. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid for one year [1] - The company plans to repurchase up to 2,318,152 of its Class A Subordinate Voting Shares, which represents 10% of its public float of 23,181,529 shares as of September 12, 2025 [1]
TWC Enterprises Limited Announces Renewal of Normal Course Issuer Bid
Globenewswireยท 2025-09-17 11:55
Core Viewpoint - TWC Enterprises Limited intends to initiate a normal course issuer bid to repurchase up to 1,208,438 common shares, approximately 5% of its outstanding shares, due to perceived undervaluation in the market [1][2][4]. Group 1: Issuer Bid Details - The normal course issuer bid will commence on September 20, 2025, and conclude on September 19, 2026 [2]. - TWC plans to purchase common shares at market price, with management determining the number and timing of purchases [2]. - Under the current issuer bid expiring on September 19, 2025, TWC has purchased 233,483 common shares at an average cost of $21.80 [3]. Group 2: Market Perception and Impact - TWC believes its common shares are undervalued relative to the company's business and future prospects, making them an attractive investment [4]. - The repurchase of shares is expected to benefit existing shareholders by increasing their proportional interest in the company [4]. Group 3: Company Profile - TWC is the largest owner, operator, and manager of golf clubs in Canada, operating under the trademark "ClubLink One Membership More Golf" [5]. - The company manages 47 championship golf courses and 2.5 academy courses across 35 locations in Ontario, Quebec, and Florida [5].
Gibson Energy Announces Renewal of Normal Course Issuer Bid
Globenewswireยท 2025-09-16 13:00
Core Viewpoint - Gibson Energy Inc. has announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 7.5% of its public float over the next year, starting September 18, 2025 [2][4]. Group 1: NCIB Details - The Board of Directors has approved the renewal of the NCIB, which allows the company to purchase and cancel up to 10,182,288 common shares, representing 7.5% of the public float as of September 15, 2025 [2]. - The NCIB will be conducted in accordance with TSX rules, with a daily purchase limit of 164,279 common shares, which is 25% of the average daily trading volume over the six months ending August 31, 2025 [3]. - The NCIB will terminate on the earlier of September 17, 2026, or when the maximum number of shares has been purchased [3]. Group 2: Share Repurchase Strategy - The price for repurchased shares will be based on the market price at the time of purchase, with the company aiming to maximize returns to shareholders through the NCIB [4]. - The company did not repurchase any shares under the previous NCIB that ran from September 18, 2024, to September 17, 2025, despite having approval for 9,958,026 shares [4]. Group 3: Automatic Purchase Plan - Gibson has renewed its automatic purchase plan with BMO Nesbitt Burns Inc., allowing for share purchases at any time, including during regulatory restrictions or blackout periods [5]. Group 4: Company Overview - Gibson Energy is a leading liquids infrastructure company, focusing on the storage, optimization, processing, and gathering of liquids and refined products, with operations across North America [6].
Kolibri Global Energy Inc. Announces Corporate Update
Businesswireยท 2025-09-15 10:45
Corporate Update - Kolibri Global Energy Inc. is providing updates on upcoming investor conferences and its Normal Course Issuer Bid [1] - The company has repurchased 267,637 common shares at an average price of US$6.38 per share in 2025 [4] Investor Conferences - Mr. Regener will present at the Sidoti September Virtual Investor Conference on September 18, 2025, at 3:15 PM Eastern Time [2] - Mr. Regener is also scheduled to present at the Lytham Partners Investor Conference on September 30, 2025, at 12:30 PM ET [3] Operations Update - The initial thirty-day average production rates for the Lovina wells in Oklahoma are as follows: Lovina 9-16-1H at 565 BOEPD, Lovina 9-16-2H at 629 BOEPD, and Lovina 9-16-3H at 510 BOEPD [8] - Average production for the second quarter of 2025 was 3,220 BOEPD, a 3% increase from 3,128 BOEPD in the second quarter of 2024 [9]