Chesswood also announces that it will enter into an automatic share purchase plan agreement (the 'ASPP') with a broker to allow for the purchase of Common Shares under the NCIB at times when Chesswood normally would not be active in the market due to regulatory restrictions or self-imposed trading blackout periods
. Before entering into a blackout period
, Chesswood may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP.
The company may also adopt Rule 10b5-1 prearranged stock trading plans to facilitate the repurchase of its common stock during times it would not otherwise be in the market due to self-imposed trading blackout periods
or possible possession of nonpublic information.
In connection with the Program, Stingray has established an automatic securities purchase plan with a designated broker whereby shares may be repurchased at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self-imposed blackout periods
. Under the automatic securities purchase plan, before entering a self-imposed blackout period
, Stingray may, but is not required to, ask the designated broker to make purchases under the Program.
Astronics Corporation (Nasdaq:ATRO) revealed on Wednesday that it adopted a 10b5-1 plan for the purchase of shares during periods when it may otherwise be prevented from acting due to securities laws and self-imposed blackout periods
"This situation led to expanding the daily blackout periods
to more than eight hours, which put the health sector at the brink of real crisis," he cautioned.
Under the automatic repurchase plan, the company's designated broker may purchase common shares of the company pursuant to the NCIB at times when the company ordinarily would not be active in the market due to regulatory restrictions or self-imposed blackout periods
Members use WestJet dollars towards the purchase of flights and vacations packages to any WestJet destination with no blackout periods
, and have access to Member Exclusive fares offering deals to WestJet destinations throughout our network and those of our partner airlines.
All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods
. All repurchased shares are held as treasury shares and may be reissued under the Company's 2007 Equity Incentive Plan or for other corporate purposes.
The process can take an average of 90 days; there are blackout periods
to consider, plan design changes, participant communications and more.
There are many reasons for the trend in a territory where box office is routinely manipulated by the government, with practices that include blackout periods
for foreign films; simultaneous releases of major titles, with an eye toward cannibalization; and official ticket-buying schemes to boost local titles.
The offer is valid for sales up to August 11, for outbound travel between the July 20 to August 15, 2012 -- blackout periods
The plan is to allow the designated broker to continue to make repurchases under the NCIB when Hanfeng would ordinarily not be permitted to repurchase shares in the market due to its own internal trading blackout periods
, insider trading rules or otherwise.