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Fiera Capital Corporation Announces Normal Course Issuer Bid
Fiera Capital Corporation Announces Normal Course Issuer Bid Canada NewsWire MON...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Capital Corporation Announces 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, July 13, 2020\n\n\n\nMONTREAL, July 13, 2020 /CNW Telbec/ - Fiera Capital Corporation (\"Fiera Capital\" or the \"Company\") (TSX: FSZ) announces that the Toronto Stock Exchange (the \"TSX\") has approved the Company's normal course issuer bid (\"NCIB\") to purchase for cancellation up to a maximum of 2,000,000 class A subordinate voting shares (the \"Class A Shares\"), representing approximately 2.4% of its 84,124,711 issued and outstanding Class A Shares as at July 8, 2020. The NCIB will begin on July 15, 2020 and will end at the latest on July 14, 2021.\nThe Board of Directors of the Company believes that the repurchase of Class A Shares, which the Company may carry out from time to time, represents a responsible investment and the NCIB will provide Fiera Capital with the flexibility to purchase Class A Shares from time to time as it considers advisable.\nThe purchases under the NCIB will be made on the open market through the facilities of the TSX and through alternative trading systems, as well as outside the facilities of the TSX pursuant to exemptions available under applicable securities legislation or exemption orders issued by securities regulatory authorities. The price that the Company will pay for the Class A Shares will be the market price of such shares at the time of the acquisition, except for purchases effected outside the facilities of the TSX pursuant to exemptions available under applicable securities legislation or exemption orders issued by securities regulatory authorities which, for the purchases made pursuant to exemption orders issued by securities regulatory authorities, will be at a discount to the prevailing market price.\nThe average daily trading volume (the \"ADTV\") of the Class A Shares over the last six complete calendar months was 284,490 Class A Shares. Accordingly, under TSX rules and policies, Fiera Capital is entitled on any trading day to pur...