RE:WCP Time to Reward Shareholders nice - from the article you posted
The NCIB allows Whitecap to purchase up to 20,657,914 common shares (representing 5% of its 413,158,293 outstanding common shares as of
May 7, 2019) over a period of twelve months commencing on
May 21, 2019. The NCIB will expire no later than
May 20, 2020. Under the NCIB, common shares may be repurchased in open market transactions on the TSX and other alternative trading platforms in
Canada and in accordance with the rules of the TSX governing NCIB's. The total number of common shares Whitecap is permitted to purchase is subject to a daily purchase limit of 600,321 common shares, representing 25% of the average daily trading volume of 2,401,285 common shares on the TSX calculated for the six-month period ended
April 30, 2019, however, Whitecap may make one block purchase per calendar week which exceeds the daily repurchase restrictions. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by Whitecap.