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Cineplex Announces Renewal of Normal Course Issuer Bid
Cineplex Announces Renewal of Normal Course Issuer Bid Canada NewsWire TORO...
About this update from Cineplex Inc.
[{"type":"text","content":"\n\n\n\n Cineplex Announces Renewal of 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. 22, 2025\n \n\n /CNW/ - (TSX: CGX) – Cineplex Inc. (\"Cineplex\" or the \"Company\"),\n \n Canada's\n \n leading entertainment and media company, announced today that the Toronto Stock Exchange has approved its notice of intention to renew its normal course issuer bid (\"NCIB\").\n \n\n\n\n\n\n\n\n\n Under the NCIB, the Company is authorized to purchase for cancellation, as opportunities arise from time to time over the next 12 months, up to 6,294,809 common shares (the \"Shares\"), being equal to 10% of its public float of 62,948,090 Shares issued and outstanding as of\n \n August 14, 2025\n \n . As of\n \n August 14, 2025\n \n , there were a total of 63,440,472 Shares outstanding. Purchases under the NCIB will be made through the facilities of the Toronto Stock Exchange or through alternative Canadian trading systems and in accordance with applicable regulatory requirements at a price per Share equal to the market price at the time of acquisition. The number of Shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 66,497 Shares (which is equal to 25% of 265,991 Shares, being the average daily trading volume during the six months ended\n \n July 31, 2025\n \n ), in each case subject to Cineplex's ability to make one block purchase of Shares per calendar week that exceeds such limits. All purchases of Shares under the NCIB will be made by the Company in accordance with the requirements of the Toronto Stock Exchange and an alternative Canadian trading system.\n \n\n Cineplex may begin to purchase Shares on or about\n \n August 26, 2025\n \n and the bid will terminate on\n \n August 25, 2026\n \n or such earlier time as the Company completes its purchases pursuant to the bid or provides notice of termination. Any Shares purchased under the NCIB will be cancelled upon their purchase. Cineplex intends to fund the purchases out of its available cash.\n ...