Normal Course Issuer Bid
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Maxim Power Corp. Announces TSX Acceptance of Normal Course Issuer Bid
Globenewswire· 2025-09-11 21:24
Core Points - Maxim Power Corp. has received approval from the Toronto Stock Exchange to proceed with a normal course issuer bid (NCIB) to purchase up to 3,182,528 common shares, representing approximately 5% of its issued and outstanding shares as of September 2, 2025 [1][2][4] - The NCIB will commence on September 16, 2025, and may continue until September 15, 2026, or until completed or terminated by the company [2] - An automatic share purchase plan (ASPP) will be implemented to facilitate share purchases during internal trading black-out periods [3] - The management believes that the market price of the shares may not fully reflect their underlying value, making share repurchases beneficial for shareholders [4] - The current NCIB follows a previous one that allowed the purchase of up to 2,529,885 shares, under which 117,272 shares were bought at a weighted average price of $4.47 per share [5] - Maxim Power Corp. is focused on power projects in Alberta, with its core asset being the 300 MW H.R. Milner Plant, and is exploring additional development options including gas-fired and wind power generation projects [6]
Urbana Corporation – Renewal of Normal Course Issuer Bid
Globenewswire· 2025-09-04 12:30
Core Viewpoint - Urbana Corporation has announced its intention to conduct a normal course issuer bid to purchase up to 3,107,305 of its non-voting Class A shares, representing 10% of the public float, as accepted by the Toronto Stock Exchange [1][4]. Group 1: Issuer Bid Details - The purchases under the bid may commence on September 9, 2025, and will terminate on the earlier of September 8, 2026, or upon completion of the purchases [2]. - Purchases will be made on the open market through TSX, Canadian Securities Exchange, or other permitted means, with Caldwell Securities Ltd. handling the purchases [3]. - The price for the shares will be the market price at the time of acquisition, and purchased shares will be cancelled [3]. Group 2: Purchase Limits and Previous Bids - Urbana will not purchase more than 2,584 Class A Shares on any given day through TSX, which is 25% of the average daily volume of 10,336 shares [3]. - Urbana previously sought approval to purchase up to 3,107,404 Class A Shares from September 9, 2024, to September 8, 2025, but had not purchased any shares under that bid as of August 29, 2025 [4]. Group 3: Rationale for Share Buyback - The company believes that the market price of its Class A Shares may be attractive at times, and purchasing shares would be an appropriate use of corporate funds, benefiting remaining shareholders [5].
Calian Announces Normal Course Issuer Bid
Globenewswire· 2025-08-28 14:25
Core Viewpoint - Calian Group Ltd. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase shares, reflecting the company's belief that its current share price undervalues its intrinsic strength and long-term potential [2][6]. Group 1: NCIB Details - The NCIB will allow Calian to purchase up to 796,283 shares, approximately 10% of its public float, during the period from September 1, 2025, to August 31, 2026 [2][8]. - As of August 18, 2025, Calian had 11,344,555 shares issued and outstanding, and the daily purchase limit will not exceed 8,318 shares, which is 25% of the average daily trading volume [2][8]. - The company has entered into an automatic share purchase plan (ASPP) with Desjardins Securities Inc. to facilitate share purchases during regulatory restrictions or blackout periods [4][5]. Group 2: Financial Performance and Outlook - Since initiating the previous NCIB in August 2023, Calian has repurchased 704,450 shares for a total investment of $33 million, demonstrating a strong commitment to shareholder value [2]. - The company has achieved over 10 consecutive years of record revenue and has a backlog of $1.5 billion, indicating robust growth potential, particularly in the defense sector [2][6]. Group 3: Shareholder Benefits - The board believes that repurchasing shares at current market prices is a desirable use of corporate funds, which is expected to benefit all shareholders by increasing their equity interest when repurchased shares are cancelled [6][7].
Sustainable Innovation & Health Dividend Fund Normal Course Issuer Bid
Globenewswire· 2025-08-28 12:30
Core Viewpoint - The Sustainable Innovation & Health Dividend Fund has received approval for a normal course issuer bid, allowing it to repurchase units in the open market, which is seen as beneficial for the Fund's interests [1][2]. Group 1: Issuer Bid Details - The normal course issuer bid (NCIB) will commence on September 3, 2025, and terminate on September 2, 2026 [1]. - The Fund may purchase up to 205,881 units, which is 10% of the public float, during the 12-month period [2]. - In any 30-day period, the Fund may not purchase more than 41,556 units, representing 2% of the units issued and outstanding [2]. Group 2: Previous Purchases - As of August 20, 2025, the Fund had purchased 37,100 units at an average price of $13.18 per unit under its previous NCIB [2]. - The Fund had the ability to purchase up to 285,945 units under its last NCIB [2]. Group 3: Fund Structure - The Fund had 2,077,817 units issued and outstanding as of August 20, 2025, including 2,058,817 units in the public float [2]. - The Fund trades on the TSX under the symbol "SIH.UN" [3].
DIRTT Announces Normal Course Issuer Bid for Debentures
Globenewswire· 2025-08-26 12:00
Core Viewpoint - DIRTT Environmental Solutions Ltd. has announced the renewal of its normal course issuer bid (NCIB) for its convertible unsecured subordinated debentures, allowing the company to repurchase a specified amount of its debentures under certain conditions [1][2]. Group 1: NCIB Details - The renewed NCIB will allow DIRTT to acquire up to C$1,656,900 principal amount of January Debentures and C$1,493,500 principal amount of December Debentures, representing 10% of the total public float of each series [2]. - The NCIB for the December Debentures is set to terminate on August 27, 2026, while the NCIB for the January Debentures will terminate on January 31, 2026 [1]. - DIRTT will not purchase more than C$99,092 principal amount of January Debentures or C$350,552 principal amount of December Debentures on any given trading day [2]. Group 2: Previous NCIB Performance - Under the previous 2024 NCIB, DIRTT sought approval to purchase C$1,664,200 principal amount of January Debentures and C$1,558,700 principal amount of December Debentures, having purchased C$73,000 and C$652,000 of each, respectively [3]. Group 3: Repurchase Plans - DIRTT plans to enter into an issuer repurchase plan agreement (IRPA) and an automatic repurchase plan agreement (ARPP) to facilitate purchases under the NCIB [4]. - The ARPP will allow DIRTT to make purchases during regulatory restrictions or blackout periods, with the designated broker determining the timing and amount of such purchases [4]. Group 4: Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools for adaptable interior environments across various sectors including workplace, healthcare, and education [5][6].
Inter-Rock Announces Normal Course Issuer Bid for Common Shares
Globenewswire· 2025-08-25 16:19
Core Viewpoint - Inter-Rock Minerals Inc. has announced a normal course issuer bid (NCIB) to purchase up to 1,000,000 common shares, representing approximately 4.6% of its outstanding shares, to enhance shareholder value and liquidity [1][4]. Group 1: NCIB Details - The NCIB will commence on or about August 29, 2025, and will last for twelve months, terminating upon the purchase of 1,000,000 shares, a notice of termination, or on August 28, 2026, whichever comes first [2]. - Purchases will be conducted on the open market through the TSX Venture Exchange or other permitted trading systems, with all shares purchased being cancelled [3]. - The funding for the NCIB will come from the company's working capital, and the actual number of shares purchased will be at the discretion of the board of directors [3]. Group 2: Rationale for NCIB - The company believes that its share price does not reflect its underlying value and future prospects, making the share buyback an appropriate use of financial resources [4]. - By purchasing shares at prices below their underlying value, the NCIB aims to increase the ownership proportion for remaining shareholders and provide liquidity for those wishing to sell [4]. Group 3: Previous NCIB Performance - The previous NCIB, which ran from August 21, 2024, to August 20, 2025, resulted in the purchase of 228,000 common shares at an average price of $0.81 per share [6].
Senvest Capital Inc. Announces Acceptance by TSX of Normal Course Issuer Bid
Globenewswire· 2025-08-25 12:30
Core Viewpoint - Senvest Capital Inc. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 100,000 common shares, representing approximately 4.12% of its outstanding shares, to enhance market stability and utilize corporate funds effectively [1][3]. Group 1: NCIB Details - The NCIB will allow the Corporation to purchase shares through the TSX and other trading systems, with purchases expected to start on August 27, 2025, and conclude by August 26, 2026, or when the purchases are completed [1]. - Due to low trading volumes, actual purchases may be significantly less than the proposed 100,000 shares, with an average daily trading volume of only 45 shares over the past six months [2]. - The Corporation can purchase up to 1,000 shares on any trading day and make block purchases no more than once per week [2]. Group 2: Management's Perspective - Management believes that repurchasing shares may facilitate an orderly market for its securities and is in the best interests of the Corporation and its shareholders [3]. - The Corporation views its outstanding common shares as an attractive investment opportunity and a prudent use of corporate funds [3]. Group 3: Automatic Purchase Plan - An automatic purchase plan has been established to guide share repurchases during self-imposed blackout periods, complying with Canadian securities legislation and pre-cleared by the TSX [4]. Group 4: Previous NCIB Performance - In the previous NCIB that commenced on August 22, 2024, the Corporation purchased and canceled a total of 16,500 shares at an average price of $358.87 per share through the TSX and 1,200 shares at an average price of $354.06 outside the TSX [5]. Group 5: Business Activities - Senvest Capital Inc. and its subsidiaries are involved in various business activities, including merchant banking, asset management, real estate, and electronic security [6].
Knight Announces Normal Course Issuer Bid
Globenewswire· 2025-08-20 11:30
Core Viewpoint - Knight Therapeutics Inc. has announced the acceptance of its Notice of Intention to Make a Normal Course Issuer Bid (NCIB) to repurchase up to 3,000,000 common shares, representing approximately 3% of its outstanding shares, over the next 12 months [1][3] Group 1: NCIB Details - The NCIB allows the company to purchase shares from August 22, 2025, to August 21, 2026, with a maximum daily purchase limit of 15,823 shares [1] - The company previously obtained approval to buy up to 5,312,846 shares and has already repurchased 2,019,906 shares at a weighted average price of $5.48 in the past twelve months [1] Group 2: Automatic Share Purchase Plan - Knight has entered into an automatic share purchase plan with a broker to facilitate share repurchases under the NCIB, allowing purchases during regulatory restrictions or blackout periods [2] - The plan has been pre-cleared by the TSX and will be effective from August 22, 2025 [2] Group 3: Company Perspective - The company believes that the market price of its common shares may not reflect its inherent value, making the share repurchase an appropriate use of funds [3] Group 4: Company Overview - Knight Therapeutics Inc. is a specialty pharmaceutical company based in Montreal, focused on acquiring and commercializing pharmaceutical products for Canada and Latin America [4] - The company's shares are traded on the TSX under the symbol GUD [4]
Brookfield Corporation Announces Renewal of Normal Course Issuer Bid for Preferred Shares
Globenewswire· 2025-08-20 10:45
Core Viewpoint - Brookfield Corporation has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid to repurchase up to 10% of the public float of its outstanding Class A Preference Shares, with the bid period extending from August 22, 2025, to August 21, 2026 [1][3]. Summary by Relevant Sections Normal Course Issuer Bid - The renewed normal course issuer bid allows Brookfield to purchase Preferred Shares on the open market, with all acquired shares to be cancelled [1][3]. - The company has not made any purchases under the current issuer bid that commenced on August 22, 2024, which will expire on August 21, 2025 [3]. Series and Trading Information - The company has various series of Preferred Shares, with the maximum number of shares subject to purchase varying by series. For example, Series 2 has a maximum of 1,717 shares, while Series 24 has a maximum of 2,966 shares [2][14]. - The average daily trading volume for these shares ranges from 1,000 to 11,864, depending on the series [2]. Automatic Share Purchase Plan - Brookfield plans to implement an automatic share purchase plan around the week of September 22, 2025, allowing for purchases during internal trading black-out periods [4]. Company Overview - Brookfield Corporation is a leading global investment firm focused on long-term wealth creation across three core businesses: Alternative Asset Management, Wealth Solutions, and Operating Businesses in renewable power, infrastructure, and real estate [6][7]. - The company has a history of delivering over 15% annualized returns to shareholders for more than 30 years, supported by its investment and operational expertise [7].
Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares
Globenewswire· 2025-08-15 10:45
Core Viewpoint - Brookfield Business Partners intends to renew its normal course issuer bid for its limited partnership units and class A exchangeable subordinate voting shares, believing that their current trading prices do not fully reflect their value, making repurchase an attractive use of funds [1][2]. Summary by Sections Issuer Bid Details - The Toronto Stock Exchange has accepted Brookfield Business Partners' notice to renew its normal course issuer bid for its Units and Exchangeable Shares [1]. - As of August 8, 2025, there are 88,828,512 Units and 69,996,738 Exchangeable Shares outstanding [2]. - Brookfield Business Partners is authorized to purchase up to 4,441,425 Units and 3,499,836 Exchangeable Shares, which is 5% of the outstanding shares [2]. Purchase Limits and History - Under the current issuer bid, Brookfield may purchase up to 10,076 Units and 11,100 Exchangeable Shares daily, representing 25% of the average daily trading volume over the past six months [2]. - The previous issuer bid, which expires on August 18, 2025, allowed for the purchase of up to 3,714,088 Units, with 3,611,689 Units purchased at a weighted average price of US$22.54 as of August 8, 2025 [4]. - For the Exchangeable Shares, 2,957,523 were purchased under the previous bid at a weighted average price of US$25.93 [5]. Purchase Execution and Compliance - Purchases will be conducted through the TSX, NYSE, and alternative trading systems, with all acquired Units and Exchangeable Shares being cancelled [6]. - The company has established automatic repurchase plans to facilitate purchases during internal trading black-out periods, with the actual number and timing of purchases dependent on market conditions [7]. Company Overview - Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services [8]. - It is the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, which manages over $1 trillion in assets [9].