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Crown Capital Partners Announces Renewal of Normal Course Issuer Bid
Crown Capital Partners Announces Renewal of Normal Course Issuer Bid Canada NewsWire ...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n \n \n \n Crown Capital Partners 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 CALGARY, AB\n \n \n ,\n \n \n April 11, 2023\n \n \n /CNW/ - Crown Capital Partners Inc. (\"\n \n Crown\n \n \" or the \"\n \n Corporation\n \n \") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the \"TSX\") to renew its normal course issuer bid (\"NCIB\") for a 12-month period commencing\n \n April 13, 2023\n \n .\n \n \n The renewed NCIB will follow the current NCIB, which ends on\n \n April 12, 2023\n \n and under which Crown purchased 5,000 shares at a volume-weighted average price per share of\n \n $7.83\n \n up to\n \n April 10, 2023\n \n .\n \n \n Under the terms of the renewed NCIB, Crown will have the right to purchase up to 280,000 of its common shares (the \"Shares\") representing approximately 10.3% of the public float and approximately 5.0% of the 5,640,546 issued and outstanding Shares as at\n \n March 31, 2023\n \n . The number of Shares that can be purchased pursuant to the renewed NCIB is subject to a daily maximum of 1,000 Shares, which is the greater of 1,000 and 25% of the average daily trading volume for the Shares on the TSX for the six months ended\n \n March 31, 2023\n \n . Shares purchased by the Corporation pursuant to the renewed NCIB will be cancelled. Purchases made pursuant to the renewed NCIB will be made in the open market through the facilities of the TSX and/or alternative Canadian trading systems, if eligible. The renewed NCIB will commence on April 13, 2023 and remain in effect until the earlier of April 12, 2024, the termination of the renewed NCIB by Crown, and Crown purchasing the maximum number of Shares permitted under the renewed NCIB.\n \n \n In conjunction with the renewal of the NCIB, Crown has entered into a renewed automatic share purchase plan (\"ASPP\") with a designated broker to allow for the purchase of Shares under the ...