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Boat Rocker Announces Normal Course Issuer Bid
Boat Rocker Announces Normal Course Issuer Bid Canada NewsWire TORO...
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[{"type":"text","content":"\n \n \n \n Boat Rocker Announces Normal Course Issuer Bid\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 29, 2022\n \n \n /CNW/ - Boat Rocker Media Inc. (\"Boat Rocker\" or the \"Company\") (TSX: BRMI), an independent, integrated global entertainment company, announced today that, subject to the approval of the Toronto Stock Exchange (\"TSX\"), it intends to proceed with a normal course issuer bid (\"NCIB\") for its subordinate voting shares as appropriate opportunities arise from time to time.  The NCIB is expected to occur during the period from\n \n September 1, 2022\n \n to\n \n August 31, 2023\n \n .\n \n \n Under the NCIB, and subject to the market price of its subordinate voting shares and other considerations, over the next 12 months Boat Rocker may purchase up to 1,000,000 subordinate voting shares, representing approximately 3% of its issued and outstanding subordinate voting shares as at\n \n August 18\n \n , 2022.  There were 32,708,791 subordinate voting shares outstanding as at\n \n August 18, 2022\n \n . Daily purchases will be limited to 1,527 subordinate voting shares, other than pursuant to block purchase exemptions. Purchases may be made on the open market through the facilities of the TSX and/or other Canadian alternative trading systems at the market price at the time of acquisition, as well as by other means as may be permitted by TSX rules and/or applicable securities laws. Boat Rocker has not made any purchases in the 12 months preceding the date of this notice pursuant to an NCIB.  Any tendered shares taken up and paid for by Boat Rocker will be cancelled.  The Company plans to fund the NCIB purchases from its existing cash balance.\n \n \n The Company intends to enter into an automatic share purchase plan in relation to the NCIB that would allow for the purchase of its subordinate voting shares, subject to certain trading parameters, at times when Boat Rocker ordinarily would not be active in the market due to its own internal trading black-out p...