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Spin Master Announces Entry into Automatic Securities Purchase Plan
Spin Master Announces Entry into Automatic Securities Purchase Plan Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n Spin Master Announces Entry into Automatic Securities Purchase Plan\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 TORONTO\n \n \n ,\n \n \n March 13, 2023\n \n \n /CNW/ - Spin Master Corp. (\"Spin Master\" or the \"Company\") (TSX: TOY) (\n \n www.spinmaster.com\n \n ), a leading global children's entertainment company, today announced that it has established an automatic securities purchase plan (\"ASPP\") in respect of its previously announced normal course issuer bid (\"NCIB\"). Under the terms of the NCIB, which is active during period commencing on\n \n January 9, 2023\n \n and ending on\n \n January 8, 2024\n \n , Spin Master is permitted to repurchase up to 2,845,904 of its subordinate voting shares through the facilities of the TSX and Canadian alternative trading systems.\n \n \n Under the terms of the ASPP, the Company's broker will be permitted to purchase subordinate voting shares in accordance with certain prearranged trading parameters, during periods when Spin Master would not ordinarily be active in the market because of internal trading blackout periods, insider trading rules or otherwise. The ASPP will terminate on the earliest of the date on which the purchase limits specified in the ASPP have been attained, the date on which the NCIB terminates or the date on which the ASPP is terminated by a party in accordance with its terms.\n \n \n Since the commencement of the NCIB through the close of trading on\n \n March 10, 2023\n \n , Spin Master has not repurchased any subordinate voting shares.\n \n \n \n About Spin Master\n \n \n \n Spin Master Corp. (TSX:TOY) is a leading global children's entertainment company, creating exceptional play experiences through its three creative centres: Toys, Entertainment and Digital Games. With distribution in over 100 countries, Spin Master is best known for award-winning brands PAW Patrol®, Bakugan®, Kinetic Sand®, Air Hogs®, Hatchimals®, Rubik's Cube® and GUND®, and is the global toy licensee for other popular properties. ...