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Dollarama announces renewal of normal course issuer bid
Dollarama announces renewal of normal course issuer bid Canada NewsWire MONTREAL...
About this update from Dollarama Inc.
[{"type":"text","content":"\n\n\n\nDollarama announces renewal of normal course issuer bid\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, June 7, 2017\n\n\n\n\n\n\n\nMONTREAL, June 7, 2017 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) (\"Dollarama\" or the \"Corporation\") announced today that it received approval from the Toronto Stock Exchange (\"TSX\") to renew its normal course issuer bid in order to purchase for cancellation up to 5,680,390 of its common shares, representing 5.0% of the 113,607,809 common shares issued and outstanding as at the close of markets on June 6, 2017, during the 12-month period starting on June 19, 2017 and ending no later than June 18, 2018.\n\nPurchases will be conducted through the facilities of the TSX and through alternative trading systems, or by other means as may be permitted by the TSX, such as prearranged crosses, exempt offers and block purchases. Dollarama may also purchase common shares for cancellation by way of private agreements or specific share repurchase programs under issuer bid exemption orders issued by a securities regulatory authority. Purchases made on the open market through the facilities of the TSX and alternative trading systems will be at the prevailing market price at the time of acquisition. Purchases made by way of private agreement under an issuer bid exemption order issued by a securities regulatory authority will be at a discount to the prevailing market price at the time of the acquisition. Purchases made under a specific share repurchase program will be at a discount to the volume weighted average trading price of the common shares on the Canadian markets on the date of the purchase. All shares purchased pursuant to the normal course issuer bid will be cancelled.\n\nThe average daily trading volume of the common shares on the TSX over the period between December 1, 2016 and May 31, 2017, as calculated per TSX rules, was 346,664 common shares. Consequently, under TSX rules, Dollarama will be allowed to purchase daily, through the facilities of the TSX, a maximum of ...