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Winpak Receives TSX Approval for Renewal of Normal Course Issuer Bid
Winpak Receives TSX Approval for Renewal of Normal Course Issuer Bid Canada NewsWire ...
About this update from Winpak Ltd.
[{"type":"text","content":"\n\n\n\n Winpak Receives TSX Approval for Renewal of Normal Course Issuer Bid\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 WINNIPEG, MB\n \n\n ,\n \n\n March 24, 2025\n \n\n /CNW/ - Winpak Ltd. (TSX: WPK) (\"Winpak\" or the \"Corporation\") announces today that the Toronto Stock Exchange (the \"TSX\") has accepted a notice filed by Winpak of its intention to renew its normal course issuer bid (the \"NCIB\") with respect to its outstanding common shares.\n \n\n\n\n\n\n\n\n\n The notice provides that Winpak may, during the 12-month period commencing\n \n March 26, 2025\n \n , and ending no later than\n \n March 25, 2026\n \n , purchase through the facilities of the TSX and other alternative Canadian trading systems up to a maximum of 3,087,500 common shares in total, being 5.0 percent of the issued and outstanding shares of Winpak as of\n \n March 18, 2025\n \n . The price which Winpak will pay for any common shares will be the market price at the time of acquisition. During the period of this NCIB, Winpak may make purchases under the NCIB by means of open market transactions. The actual number of common shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of Winpak. The average daily trading volume from\n \n September 1, 2024\n \n to\n \n February 28, 2025\n \n was 55,047 common shares. Daily purchases under the NCIB will be generally limited to 13,761 common shares, other than block purchases. All shares purchased by Winpak under the NCIB will be cancelled.\n \n\n Under its previous NCIB which commenced on\n \n March 4, 2024\n \n and expired on\n \n March 3, 2025\n \n , Winpak obtained approval from the TSX to purchase up to 3,250,000 common shares. As of\n \n March 18, 2025\n \n , Winpak had purchased an aggregate of 3,250,000 common shares for cancellation under an NCIB in the past 12 months at a weighted average price of\n \n $45.57\n \n through the facilities of the TSX and/or alternative Canadian trading systems.\n \n\n As of\n \n March 18, 2025\n ...