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Dollarama announces plan to buy back shares through private agreements
Dollarama announces plan to buy back shares through private agreements Canada News...
About this update from Dollarama Inc.
[{"type":"text","content":"\n\n\n\nDollarama announces plan to buy back shares through private agreements\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\nCanada NewsWire\nMONTREAL, Sept. 14, 2017\n\n\n\nMONTREAL, Sept. 14, 2017 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) (\"Dollarama\" or the \"Corporation\") announced today that it intends to purchase for cancellation up to 450,000 of its common shares pursuant to one or more private agreements between Dollarama and an arm's‑length third party seller. The purchases will form part of Dollarama's normal course issuer bid announced on June 7, 2017, which provides authorization for the purchase of up to 5,680,390 common shares during the 12-month period from June 19, 2017 to June 18, 2018.  \n\nSuch purchases will be made pursuant and subject to the terms of an issuer bid exemption order issued by the Autorité des marchés financiers and will take place by October 27, 2017. In accordance with the order, Dollarama's purchases under private agreements will not exceed, in the aggregate, one-third of the maximum number of shares that it may purchase under its normal course issuer bid, or 1,893,463 common shares. The price that Dollarama will pay for common shares purchased by it under such agreements will be negotiated between Dollarama and the third party seller and will be at a discount to the prevailing market price of Dollarama's common shares on the Toronto Stock Exchange at the time of each purchase. \n\nInformation regarding the purchases, including the number of common shares purchased and the aggregate purchase price paid, will be available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com following the completion of each purchase.\n\nForward-Looking Statements\n\nThis news release may contain forward-looking statements. Forward‑looking statements are based on information currently available to us and on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future develop...