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DEFINITY FINANCIAL CORPORATION ANNOUNCES NORMAL COURSE ISSUER BID
DEFINITY FINANCIAL CORPORATION ANNOUNCES NORMAL COURSE ISSUER BID Canada NewsWi...
About this update from Definity Financial Corp.
[{"type":"text","content":"\n \n \n \n DEFINITY FINANCIAL CORPORATION 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 WATERLOO, ON\n \n \n ,\n \n \n May 12, 2022\n \n \n /CNW/ -\n \n Definity Financial Corporation\n \n (\"Definity\") (TSX: DFY) announced today that it has received approvals from the Toronto Stock Exchange (\"TSX\") and the Office of the Superintendent of Financial Institutions Canada to commence a normal course issuer bid (\"NCIB\").\n \n \n \n \n \n \n \n \n \n Pursuant to Definity's notice of intention to make a normal course issuer bid, Definity may, during the 12-month period commencing\n \n May 17, 2022\n \n and ending\n \n May 16, 2023\n \n , purchase up to 3,476,781 of Definity's common shares (\"Common Shares\"), representing 3% of the issued and outstanding Common Shares, by way of a NCIB on the TSX or through alternative trading systems in\n \n Canada\n \n or by such other means as may be permitted by the TSX or under applicable law.\n \n \n As of\n \n May 3, 2022\n \n , Definity had 115,892,700 Common Shares outstanding. Based on the average daily trading volume of 157,520 Common Shares from\n \n November 23, 2021\n \n , the date the Common Shares were listed on the TSX, to\n \n April 29, 2022\n \n , daily purchases will be limited to 39,380 Common Shares, other than block purchase exceptions and purchases from Healthcare of Ontario Pension Plan Trust Fund (\"HOOPP\").\n \n \n Purchases of Common Shares will be made in open market transactions on the TSX or through alternative trading systems in\n \n Canada\n \n . Decisions regarding the timing of future purchases of Common Shares will be based on market conditions, share price, and other factors. Definity may elect to suspend or discontinue its NCIB at any time. Common Shares purchased under the NCIB will be cancelled. Definity believes that the purchase of Common Shares pursuant to the NCIB represents a flexible means to return capital to shareholders as part of its overall capital management strategy.\n \n \n Definity has also entered ...