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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by DoubleIndemnityon Sep 25, 2011 6:48pm
331 Views
Post# 19082234

RE: twebca don't worry about limited.

RE: twebca don't worry about limited.
"In accordance with the rules of the Toronto Stock Exchange, the maximum numbers of securities that can be purchased on a daily basis by Yellow Media Inc. are 641,849 common shares, 5,248 first preferred shares, series 1, 3,134 first preferred shares, series 2, 3,068 first preferred shares, series 3 and 1,385 first preferred shares, series 5, subject to the block purchase exception."

Which means outside of normal trading stock market hours they can buyback as many as they can afford to buy their debt in block from institutions.

Not really. See: https://www.torys.com/Publications/Documents/Publication%20PDFs/AR2008-20.pdf

A listed issuer may also make one block purchase per calendar week that exceeds the daily repurchase
restrictions (but is still subject to the annual volume limit). Once the block purchase exception has been
relied on, the issuer cannot make further purchases under the bid for the remainder of the calendar day.

They still can't buy back more than 10% per year, but they can make one block purchase per week to go above the daily limit.
Bullboard Posts
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