RE:2018 and 2020 debentures....>> last years news about the buyback says the company is allowed buying back up to 10% of the 2018 an 2020 debentures outstanding.<<
That is only for the NCIB for buying at the market price on the TSX. They are in no way limited by the amount of debs they can buy back. According to the deb terms, they can buy back an unlimited amount directly from the deb holders at par if they give 30 to 60 day notice.
And they can have a new NCIB for every year till 2020.
>> someone knows who ownes the debentures (how many big investors are involved?) <<
Insider report shows these as largest holders
Officers:
De La Campa, Miguel Ange
Indirect Ownership
2020 Debentures 1,041,485
Common Shares 8,132,344
Iacono, Serafin
Indirect Ownership
2020 Debentures 5,267,428
Common Shares 16,600,998
Volk, Peter Josep
Direct Ownership
2020 Debentures 246,832
Common Shares 3,110,426
Directors have around half million options.
10% Holders:
683 Capital Management LL
2018 Debentures 7,434,345
2020 Debentures 8,427,646
Common Shares 11,571,981
Miller, Lloyd
Indirect Ownership
2020 Debentures 15,152,875
Control or Direction
2020 Debentures 3,749,348
Blue Pacific Assets Corp.
Direct Ownership
2020 Debentures 4,165,943
Common Shares 3,538,326
There is no one largest EVIL holder. It is fairly spread out. The majority of deb holders are less than 10% smaller holders.