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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].
Altus Group to Host Investor Day on November 20, 2025
Globenewswire· 2025-10-07 20:15
Core Insights - Altus Group Limited will release its Q3 2025 financial results on November 6, 2025, after market close [4] - The company will host an Investor Day on November 20, 2025, in New York City, featuring presentations from its executive leadership team [2][3] - The event aims to provide insights into Altus' operations, strategy, technology roadmap, and growth opportunities, emphasizing its evolution into a data and analytics platform [2] Financial Results - Q3 2025 financial results will be discussed in a conference call on November 6, 2025, at 5:00 p.m. ET [4][5] - Analysts can participate in the call via telephone or through a live and archived webcast available on the company's website [5] Company Overview - Altus Group connects data, analytics, applications, and expertise to enhance commercial real estate performance [6] - The company employs approximately 2,000 experts and is focused on driving optimal performance and mitigating risks in the industry [6]