Normal Course Issuer Bid
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Black Diamond Group Limited Announces Renewal of Normal Course Issuer Bid
Globenewswire· 2025-05-08 11:01
Core Viewpoint - Black Diamond Group Limited has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB) for its common shares, which will commence on May 12, 2025, and is set to terminate on May 11, 2026, or upon reaching the maximum number of shares permitted under the NCIB [1][2]. Group 1: NCIB Details - The company may purchase up to 4,513,658 common shares over a 12-month period, representing 10% of the public float and approximately 7.3% of the 62,214,472 issued and outstanding common shares as of April 30, 2025 [2]. - The maximum number of common shares that can be acquired on any one trading day is 9,405, which is 25% of the average daily trading volume of 37,621 for the six months prior to the NCIB [2]. - All common shares purchased under the NCIB will be cancelled [2]. Group 2: Management's Perspective - Management believes that the market price of the common shares may not fully reflect their underlying value, making the purchase of shares an attractive investment opportunity that benefits remaining shareholders [3]. Group 3: Previous NCIB Performance - During the previous NCIB, which ends on May 9, 2025, the company was approved to purchase 4,542,945 common shares and had purchased 623,950 shares at a weighted average price of approximately $8.50 per share as of April 30, 2025 [4]. Group 4: Automatic Share Purchase Plan (ASPP) - The company has established an automatic share purchase plan (ASPP) with its designated broker to facilitate common share repurchases during regulatory restrictions or self-imposed blackout periods [5]. - Under the ASPP, the company may instruct its broker to make purchases prior to entering a blackout period, with such purchases counting towards the total number of shares purchased under the NCIB [6]. Group 5: Company Overview - Black Diamond is a specialty rentals and industrial services company operating in Canada, the United States, and Australia, with two main business units: Modular Space Solutions (MSS) and Workforce Solutions (WFS) [7]. - MSS operates a large rental fleet of modular buildings and provides services to various sectors including construction, industrial, education, financial, and government [8]. - WFS owns a rental fleet of modular accommodation assets and serves customers in resource, infrastructure, construction, disaster recovery, and education sectors, including a digital marketplace for crew accommodation and travel [9][10].
Colliers Announces Normal Course Issuer Bid
Globenewswire· 2025-05-07 11:30
Core Viewpoint - Colliers International Group Inc. has announced its intention to initiate a normal course issuer bid (NCIB) for its subordinate voting shares, allowing for the purchase of up to 4,300,000 shares over a twelve-month period, which represents approximately 10% of the public float as of April 30, 2025 [1][2]. Group 1: NCIB Details - The NCIB will commence on May 9, 2025, and conclude no later than May 8, 2026, with purchases made through the TSX, alternative Canadian Trading Systems, or Nasdaq [2]. - Colliers may purchase up to 4,300,000 subordinate voting shares, which is about 10% of the 43,457,718 shares in the public float as of April 30, 2025 [2]. - Daily purchases under the NCIB will be limited to 13,777 subordinate voting shares, excluding block purchases, based on the average daily trading volume of 55,111 shares from November 1, 2024, to April 30, 2025 [2]. Group 2: Previous NCIB and Management Strategy - The previous NCIB authorized the purchase of up to 4,000,000 subordinate voting shares and expired on July 19, 2024, with no shares purchased under that program [4]. - Colliers may decide to purchase shares if it finds the market price attractive and believes it is a suitable use of corporate funds [3]. Group 3: Broker and Purchase Plan - BMO Nesbitt Burns Inc. has been appointed as the designated broker for the NCIB, and an automatic share purchase plan (ASPP) has been established to facilitate purchases during regulatory black-out periods [5]. - The ASPP has been pre-cleared by the TSX and will be effective starting May 9, 2025 [5]. Group 4: Company Overview - Colliers is a global diversified professional services and investment management company, with nearly $5.0 billion in annual revenues and over $100 billion in assets under management [6]. - The company operates through three platforms: Real Estate Services, Engineering, and Investment Management, and has consistently delivered approximately 20% compound annual returns for shareholders over the past 30 years [6].
Eldorado Gold Announces Amended Normal Course Issuer Bid
GlobeNewswire News Room· 2025-05-01 21:41
Core Viewpoint - Eldorado Gold Corporation has announced an amendment to its normal course issuer bid (NCIB), increasing the maximum number of common shares that may be repurchased from 350,000 to 10,245,474, which is approximately 5% of the total shares outstanding as of October 31, 2024 [2][4]. Summary by Sections NCIB Details - The NCIB purchases began on November 8, 2024, and will conclude by July 31, 2025. As of April 30, 2025, the company has repurchased 224,000 shares at an average price of $22.60 per share [3]. - Daily repurchases on the TSX will not exceed 83,123 shares, which is 25% of the average daily trading volume for the six months ended October 31, 2024 [5]. Rationale for Repurchase - The company believes that the market price of its shares may not fully reflect their long-term value, making the repurchase an attractive use of available funds given the strong balance sheet and ongoing cash generation in a high gold price environment [4]. Share Management - Up to 9,895,474 shares repurchased under the NCIB will be cancelled, while up to 350,000 shares will remain outstanding and held in trust for the company's restricted share unit plan [5]. - The company has entered into an amended automatic repurchase plan with its designated broker to facilitate purchases during certain pre-determined black-out periods [6]. Company Overview - Eldorado Gold is a producer of gold and base metals with operations in Türkiye, Canada, and Greece, and is committed to enhancing shareholder returns through programs like the NCIB [8].
EMX Royalty Announces Commencement of New Normal Course Issuer Bid
Newsfile· 2025-03-26 11:00
Core Viewpoint - EMX Royalty Corporation has announced the commencement of a new Normal Course Issuer Bid (NCIB) following the successful completion of its previous NCIB, aiming to enhance shareholder value and increase liquidity of its shares [1][5]. Group 1: Original NCIB - Under the Original NCIB, the company repurchased and cancelled 5,000,000 common shares for a total amount of $8,255,000, averaging $1.65 per share, which was approximately 4.45% of its issued and outstanding shares at the time [2]. Group 2: New NCIB Details - The New NCIB allows the company to purchase up to 5,440,027 shares, representing about 5% of its issued and outstanding shares as of April 1, 2025, over a twelve-month period starting from April 1, 2025, and expiring no later than March 31, 2026 [3]. - The company is restricted from purchasing more than 2% of the issued and outstanding shares in any 30-day period under the New NCIB [3]. Group 3: Automatic Stock Purchase Program - In conjunction with the New NCIB, the company is initiating an automatic stock purchase program with its designated broker to facilitate share purchases during internal trading blackout periods [4]. Group 4: Funding and Purchase Mechanism - The company intends to fund the share purchases from available cash and will make all purchases through designated exchanges, adhering to applicable securities laws [6]. - The actual number of shares purchased and the timing will be determined based on market conditions and other factors, with no obligation to purchase a specific number of shares [6]. Group 5: Company Overview - EMX Royalty Corporation operates as a precious and base metals royalty company, providing investors with discovery, development, and commodity price optionality while limiting exposure to risks associated with operating companies [7].