TSX:DPM - Post Discussion
Post by
Betteryear2 on May 03, 2023 5:07pm
Enhanced NCIB
The Company renewed its NCIB in February 2023 and is able to purchase up to 16,500,000 common shares, representing approximately 10% of the public float as at February 16, 2023, over a period of twelve months which commenced on March 1, 2023 and terminates on February 28, 2024.
The Company’s Board of Directors has authorized management to repurchase up to $100 million of the Company’s shares over through the NCIB. The actual timing and number of common shares that may be purchased pursuant to the NCIB will be undertaken in accordance with DPM’s capital allocation framework, having regard for such things as DPM’s financial position, business outlook and ongoing capital requirements, as well as its share price and overall market conditions.
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