Share Buyback

2022

The Corporation was authorized to repurchase, for cancellation on the open market, or subject to the approval of any securities authority by private agreements, between October 1, 2021 and September 30, 2022, or at an earlier date if the Corporation concludes or cancels the offer, up to 1,000,000 of its Class A Subordinate Voting Shares and up to 190,300 of its Class B Shares. 

During the three-month period ended May 1, 2022, the Corporation redeemed and cancelled 180,000 of its Class A Subordinate Voting Shares at a weighted average price of $16.79 per share, for a total cash consideration of $3.0 million. During the six-month period ended May 1, 2022, the Corporation redeemed and cancelled 337,800 of its Class A Subordinate Voting Shares at a weighted average price of $17.73 per share, for a total cash consideration of $6.0 million.

 

share buyback