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Altus Group Announces Exemptive Relief from the Ontario Securities Commission in connection with its Substantial Issuer Bid
Globenewswire· 2025-12-15 13:00
Core Viewpoint - Altus Group Limited is conducting a substantial issuer bid (SIB) to repurchase up to C$350,000,000 of its common shares, with the Ontario Securities Commission granting an exemptive relief order to facilitate this process [1][5]. Group 1: SIB Details - The SIB will utilize a "modified Dutch auction" format, allowing shareholders to tender shares at specified prices within a range of C$50.00 to C$57.00 [2][6]. - The SIB is not contingent on a minimum number of shares being tendered, but is subject to other conditions outlined in the formal offer documents [3]. - The SIB is open for acceptance until 5:00 PM (Toronto time) on January 8, 2026, unless Altus Group decides to withdraw, extend, or vary the offer [4][8]. Group 2: Exemptive Relief and Conditions - Altus Group received exemptive relief from the OSC, allowing for proportionate take up of shares and related disclosures [5]. - The exemptive relief also permits Altus Group to extend the SIB without first taking up all deposited shares [7]. Group 3: Financial Advisory and Contact Information - RBC Capital Markets has been engaged as the financial advisor and dealer manager for the SIB, while TSX Trust Company acts as the depositary [9]. - For inquiries regarding the SIB, shareholders can contact the Depositary or the Dealer Manager for further information [9][16].