Business News • MarketWire • Dundee Capital Markets Inc. Announces Normal Course Issuer Bid |
Dundee Capital Markets Inc. Announces Normal Course Issuer Bid |
|
|
Dundee Capital Markets Inc. Announces Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwire - June 6, 2011) - Dundee Capital Markets Inc. (TSX:DCM) (the "Company") today announced receipt of regulatory approval respecting its intention to establish a normal course issuer bid (the "Bid") through the facilities of the Toronto Stock Exchange ("TSX") from June 8, 2011 to June 7, 2012. The Company may purchase up to a maximum of 7,760,396 of its common shares ("Common Shares"), representing approximately 5% of the Common Shares issued and outstanding as of June 1, 2011. As of June 1, 2011, there were 155,207,926 Common Shares issued and outstanding. The Company may purchase up to 134,514 Common Shares during any trading day, which represents 25% of its average daily trading volume, being 538,059 Common Shares for the period of January 31, 2011 (the date on which the Common Shares were listed on the TSX) through May 31, 2011, other than pursuant to a block purchase exception. The purchases will be made in accordance with the policies and rules of the TSX. The price paid for any Common Shares acquired will be the market price at the time of purchase and all Common Shares purchased under the Bid will be cancelled.
View More : http://www.marketwire.com/mw/release.do?id=1523167&sourceType=3
|
|
|