On July 17, 2018 , the Company began a normal course issuer bid ('NCIB
') to repurchase for cancellation up to 24,587,978 common shares.
Daily purchases under the NCIB
will be limited to 25% of the ADTV, which is 4,314 common shares, other than block purchase exceptions.
Under this NCIB
, common shares may be repurchased in open market transactions on the TSX and/or other Canadian exchanges, or by such other means as may be permitted by the TSX and applicable Canadian securities laws.
Taiga believes that the NCIB
is in the best interests of the Company and its shareholders and that the NCIB
represents a desirable use of corporate funds.
Purchases under the NCIB
will be made through the facilities of the TSX, the New York Stock Exchange (the 'NYSE') and/or alternative Canadian or foreign trading systems, if eligible, or by such other means as may be permitted by applicable securities laws, including private agreements.
Slate Retail REIT (TSX:SRT.U) (TSX:SRT.UN) on Saturday disclosed that under its normal course issuer bid (NCIB
) that began on 26 May 2018, it signed an automatic securities repurchase plan with its designated broker to facilitate purchases of its class U units.
M2 EQUITYBITES-October 8, 2018-Slate Retail REIT signs automatic securities repurchase plan under its NCIB
Under the NCIB
, CGI is authorized to repurchase up to 20,595,539 Class A Shares by February 5, 2019.