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- Deploying excess cash substantial issuer bids | Gowling WLG
A substantial issuer bid (SIB) is a fair and efficient mechanism for issuers to distribute excess cash to securityholders A SIB allows issuers to purchase outstanding securities for cancellation in amounts above the levels otherwise permitted under the normal course issuer bid rules
- How to conduct a substantial issuer bid | Insights | MLT Aikins
A substantial issuer bid (SIB) allows you to distribute excess cash to shareholders by purchasing shares for cancellation beyond the amounts permitted under normal course issuer bids (NCIBs)
- OFFER TO PURCHASE FOR CASH UP TO $80,750,000 IN VALUE OF ITS COMMON . . .
“NCIB” means the normal course issuer bid of the Company that commenced on December 1, 2024 and expiring on November 30, 2025 (or earlier if the number of Common Shares approved for purchase has been reached) for up to 2,339,066 Common Shares, under which there have been purchases of 459,900 Common Shares, and there will be no further
- Learning About Substantial Issuer Bids in Canada in 2025 - Faber LLP
What Is A Substantial Issuer Bid? A substantial issuer bid or SIB allows issuers to distribute their extra cash to security holders in an efficient and fair manner Using a substantial issuer bid, an issuer can purchase outstanding securities for cancellation in amounts that are much greater than permitted by the rules of a normal course issuer
- Air Canada’s $500M share buyback explained: What investors need to know . . .
Air Canada (TOR:AC TO) is buying back up to C$500 million worth of its own stock through a substantial issuer bid, a type of buyback that gives shareholders a chance to sell their shares
- Deployment of excess cash - substantial issuer bids in Canada
Securityholders who do not tender to the SIB will increase their proportionate interest in the issuer following completion of the SIB The purchase and cancellation of securities
- Frontera Announces Preliminary Results of Substantial Issuer Bid
Upon take up of the Shares validly tendered to the Offer, Frontera will issue a press release disclosing the final results, including the final proration factor
- SECURE ANNOUNCES INTENTION TO COMMENCE SUBSTANTIAL ISSUER BID
Subject to obtaining the necessary exemptive relief under applicable securities laws in Canada, the Offer will proceed by way of a "modified Dutch auction" that includes the ability for Shareholders to participate via a proportionate tender
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