Thinkific Announces New Automatic Share Purchase Plan

About this update from Thinkific Labs, Inc.

[{"type":"text","content":"\n\n\n\n\n Thinkific Announces New Automatic Share 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 VANCOUVER, BC\n \n\n ,\n \n\n Aug. 12, 2024\n \n\n /CNW/ - In connection with the Normal Course Issuer Bid (\"\n \n NCIB\n \n \") previously announced on\n \n November 10, 2023\n \n , Thinkific Labs Inc. (\"\n \n Thinkific\n \n \" or the \"\n \n Company\n \n \") (TSX: THNC), a leading platform for creating, marketing and selling online learning products, announced that it has terminated the automatic share purchase plan (the \"\n \n Existing\n \n\n ASPP\n \n \") previously entered into with Cormark Securities Inc. (the \"\n \n Broker\n \n \") and established a new automatic share purchase plan (the \"\n \n New ASPP\n \n \") with the Broker.\n \n\n Under the New ASPP, the Company has authorized the Broker to purchase Subordinate Voting Shares of the Company (each, a \"\n \n SVS\n \n \") under the NCIB during blackout periods implemented under the Company's Insider Trading Policy (\"\n \n Blackout Periods\n \n \") and outside of Blackout Periods only when instructed by the Company from time to time during the term of the New ASPP. The New ASPP will terminate on\n \n November 8, 2024\n \n , or earlier if the aggregate number of SVSs purchased under the NCIB reaches the Maximum Limit (as defined below) or if the NCIB has been terminated by the Company.\n \n\n Trading limits and other parameters for purchases during Blackout Periods under the New ASPP have been pre-determined between the Company and the Broker in accordance with the rules and policies of the TSX and applicable securities laws.\n \n\n Under the NCIB, the Company may purchase for cancellation up to an aggregate of 2,444,358 SVSs (the \"\n \n Maximum Limit\n \n \"), representing approximately 10% of the public float (as defined in the rules and policies of the TSX) of the SVSs as of\n \n October 30, 2023\n \n . Under the NCIB, other than purchases made under a block purchase exception in accordance with the rules and policies of the TSX, the Company may acquir...

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