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Invesque Inc. Announces Normal Course Issuer Bids
Invesque Inc. Announces Normal Course Issuer Bids Canada NewsWire TSX: ...
About this update from Invesque Inc
[{"type":"text","content":"\n \n \n \n Invesque Inc. Announces Normal Course Issuer Bids\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 TSX: IVQ.U, IVQ and IVQ.DB.V\n \n \n \n TORONTO\n \n ,\n \n Dec. 20, 2021\n \n /CNW/ - Invesque Inc. (\"\n \n Invesque\n \n \") (TSX: IVQ.U), (TSX: IVQ) and (TSX: IVQ.DB.V) today announced that the Toronto Stock Exchange has approved its notices of intention to make a normal course issuer bid for a portion of its common shares (\"\n \n Shares\n \n \") and a portion of its 6.00% convertible unsecured subordinated debentures due\n \n September 30, 2023\n \n (the \"\n \n Debentures\n \n \", and collectively with the Shares, the \"\n \n Securities\n \n \") as appropriate opportunities arise from time to time. Invesque's normal course issuer bids (collectively, the \"\n \n NCIB\n \n \") will be made in accordance with the requirements of the Toronto Stock Exchange.\n \n \n Pursuant to the notices, Invesque is authorized to acquire up to a maximum of 2,811,814 of its Shares, or approximately 5% of Invesque's 56,236,292 outstanding Shares as of\n \n December 15, 2021\n \n , and up to a maximum of\n \n US$5,000,000\n \n aggregate principal amount of Debentures, or approximately 10% of the public float of\n \n US$50,000\n \n ,000 aggregate principal amount of Debentures outstanding as of\n \n December 15, 2021\n \n , in each case for cancellation over the next 12 months. Purchases under the NCIB will be made through the facilities of the Toronto Stock Exchange or through a Canadian alternative trading system and in accordance with applicable regulatory requirements at a price per Share or Debenture, as applicable, equal to the market at the time of acquisition. The number of Shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 6,584 Shares (which is equal to 25% of 26,337 Shares, being the average daily trading volume during the six months ended\n \n November 30, 2021\n \n ), and the aggregate principal amount of Debentures that can be purchased pursuant to the NCIB is subject to a c...