Business
BMTC Group Inc. Announces the Renewal of its Normal Course Issuer Bid to Acquire Common Shares
BMTC Group Inc. Announces the Renewal of its Normal Course Issuer Bid to Acquire Common S...
About this update from Bmtc Group Inc. Class A
[{"type":"text","content":"\n \n \n \n BMTC Group Inc. Announces the Renewal of its Normal Course Issuer Bid to Acquire Common Shares\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 (TSX: GBT)\n \n \n \n MONTREAL\n \n ,\n \n April 9, 2021\n \n /CNW Telbec/ - The Company announces that it has received the required regulatory approvals to renew its normal course issuer bid to acquire for cancellation Common Shares listed on the Toronto Stock Exchange (the \"TSX\") for the period between\n \n April 15\n \n \n th\n \n , 2021 and\n \n April 14\n \n \n th\n \n , 2022, at the latest. The Company's previous normal course issuer bid ends\n \n April 14\n \n \n th\n \n , 2021. Pursuant to its renewed normal course issuer bid, the Company intends to acquire, through the facilities of the TSX and through alternative trading systems (such as Alpha ATS) and in accordance with their requirements and also outside the facilities of the Toronto Stock Exchange pursuant to exemption orders issued by Canadian securities regulatory authorities, up to 1,692,440 Common Shares, representing about 5% of the 33,848,800 Common Shares issued and outstanding as at\n \n April 1\n \n \n st\n \n , 2021.\n \n \n Within the last 12 months and as of\n \n April 1\n \n \n st\n \n , 2021, the Company acquired for cancellation, under its previous normal course issuer bid a total of 167,200 Common Shares with respect to which the weighted average price paid was\n \n $10.60\n \n per share. The shares were acquired through the facilities of the TSX and through alternative trading systems authorized under applicable regulations (including Alpha ATS, Pure Trading, CHI-X Canada and Omega) in accordance with their requirements and the Company had sought and obtained approval to purchase a total of 1,700,820 Common Shares.\n \n \n In accordance with TSX requirements, the average daily trading volume of BMTC's Common Shares over the last six complete calendar months was 3,413 shares (the \"ADTV\"). Accordingly, under TSX rules and policies, BMTC is entitled on any trading day to purchase up to 1,000 ...