Under its share repurchase program that expired on April 16, 2018, the Corporation repurchased 529,610 Class A Subordinate Voting Shares at a weighted average price of $24.50 for a total cash consideration of $12.9 million during fiscal 2018.
In September 2018, the Corporation has been authorized to repurchase, for cancellation on the open market, between October 1, 2018 and September 30, 2019, up to 1,000,000 of it's Class A Subordinate Voting Shares and up to 189,344 of its Class B Shares, representing approximately 1.35% of the 73,850,034 issued and outstanding Class A Subordinate Voting Shares and of the 13,983,026 issues and outstanding Class B Shares as at September 18, 2018. Under this share repurchase program, the Corporation repurchased 492,680 Class A Subordinate Voting Shares at a weighted average price of $21.56 for a total cash consideration of $10.7 million during fiscal 2018.
During fiscal 2018, the Corporation repurchased 1,022,290 Class A Subordinate Voting Shares for a total cash consideration of $23.6 million.
The information posted was accurate at the time of posting but may be superseded by subsequent disclosure.
The information on this website may contain certain forward-looking statements concerning the future performance of the Corporation. Such statements, based on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, many of which are beyond the Corporation's control. The risks, uncertainties and other factors that could influence actual results are described in the Management’s Discussion and Analysis (MD&A) for the fiscal year ended on October 28, 2018 and in the latest Annual Information Form.
Notes to readers
In this website, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Standards (IFRS) and the term “dollar”, as well as the symbol '$' designate Canadian dollars. On this website, we also use non-IFRS financial measures. Please refer to the section entitled “Reconciliation of Non-IFRS Financial Measures” in the Management Discussion and Analysis (MD&A) and Note 3 “Segmented Information” accompanying the annual consolidated financial statements for the fiscal year ended October 28th, 2018 for a complete description of these measures.