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Parkit Announces Normal Course Issuer Bid
TMX Newsfile· 2026-03-23 21:00
Core Viewpoint - Parkit Enterprise Inc. has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid to purchase up to 11,501,900 common shares, representing approximately 10% of its public float, over a 12-month period starting March 30, 2026 [1][3] Group 1: NCIB Details - The NCIB will allow Parkit to purchase common shares through the TSX-V or alternative trading systems, with National Bank Financial Inc. acting as the agent [2] - The purchases will be funded from available cash, and the price will be based on the prevailing market price at the time of purchase [2] - The program is set to end on March 29, 2027, unless the maximum number of shares is purchased earlier or Parkit terminates the program [1] Group 2: Rationale and Previous NCIB - The Board of Directors believes the market price of the common shares does not reflect their underlying value, and the repurchase is seen as a way to create shareholder value [3] - Parkit previously conducted an NCIB for up to 11,088,361 common shares, which will end on March 27, 2026, and as of March 20, 2026, it had purchased 8,494,278 common shares under that program [5] Group 3: Company Overview - Parkit Enterprise Inc. is focused on acquiring, growing, and managing industrial properties in key urban markets in Canada, along with parking assets in the United States [6]
Parkit Announces Grant of Options
Globenewswire· 2025-12-31 22:28
Core Viewpoint - Parkit Enterprise Inc. has issued a total of 1,371,000 options to directors, officers, employees, and consultants, each exercisable into one common share at an exercise price of $0.56, with options vesting on grant [1]. Group 1: Options Issuance - A total of 1,025,000 options were specifically granted to directors and officers of Parkit [2]. - The company is utilizing exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 for the issuance of these options [2]. Group 2: Company Overview - Parkit Enterprise is focused on acquiring, growing, and managing strategically located industrial properties in Canada, along with parking assets in various U.S. markets [3]. - The company's common shares are listed on the TSX Venture Exchange under the symbol PKT [3].
Parkit Completes Sale of Winnipeg Property and Adds To Investment in PROREIT
TMX Newsfile· 2025-12-18 12:02
Core Viewpoint - Parkit Enterprise Inc. has successfully completed the sale of its remaining property in Winnipeg for $5,350,000, enhancing its investment in PRO Real Estate Investment Trust [1][2]. Group 1: Transaction Details - The property sold is a single building with a gross leasable area of 24,665 square feet, located at 555 Camiel Sys, Winnipeg, MB, with a sale price of $5,350,000, equating to $217 per square foot [2]. - Parkit received $2,140,000 of the proceeds in the form of 345,161 trust units of PROREIT, priced at $6.20 per unit, resulting in Parkit owning approximately 10.4% of the Trust Units and special voting units of PROREIT post-transaction [1][2]. Group 2: Ownership and Future Plans - Following the transaction, Parkit beneficially owns and controls a total of 6,980,674 Voting Units of PROREIT, which includes 4,305,674 Trust Units and 2,675,000 Class B LP Units [2]. - Prior to the transaction, Parkit owned 3,960,513 Trust Units and 2,675,000 Class B Units, representing approximately 9.9% of the Voting Units [2]. - The company has a long-term investment perspective in PROREIT and may consider acquiring additional securities or selling existing ones based on market conditions [2]. Group 3: Company Overview - Parkit Enterprise Inc. is focused on the acquisition, growth, and management of strategically located industrial properties across key urban markets in Canada, along with parking assets in the United States [4].