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Canadian Tire Ord Shs CDNAF


Primary Symbol: T.CTC Alternate Symbol(s):  T.CTC.A | CDNTF

Canadian Tire Corporation, Limited is a Canada-based retail goods and services provider. It operates through three segments: Retail, Financial Services, and CT REIT. The Retail segment is conducted under a number of banners, including Canadian Tire, Canadian Tire Gas+ (Petroleum), Mark’s, PartSource, Helly Hansen, Party City in Canada, and various SportChek banners. The Financial Services segment issues Canadian Tire's Triangle brand credit cards, including Triangle Mastercard and Triangle World Elite Mastercard. Financial Services also offers Cash Advantage Mastercard and Gas Advantage Mastercard products, markets insurance products, and provides settlement services to the Company’s affiliates. The CT REIT segment is a closed-end real estate investment trust. CT REIT holds a geographically diversified portfolio of properties in Canada, mainly comprising Canadian Tire banner stores, Canadian Tire anchored retail developments, mixed-use commercial property, and industrial properties.


TSX:CTC - Post by User

Canadian Tire Ord Shs
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Post by Betteryear2on Nov 11, 2021 7:57pm
510 Views
Post# 34117615

AUTOMATIC SECURITIES PURCHASE PLAN

AUTOMATIC SECURITIES PURCHASE PLAN
  • The Company announced that it will enter into an automatic securities purchase plan (the "ASPP") with a designated broker to facilitate purchases of Class A Shares under its 2021-22 NCIB at times when the Company would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed black-out periods. Purchases made pursuant to the ASPP will be made by the Company's designated broker based upon the parameters prescribed by the TSX, applicable Canadian securities laws and the terms of the written agreement between the Company and its designated broker. The ASPP will commence prior to the Company's 2021 fiscal year end and will terminate on the earliest of the date on which: (i) the purchase limit under the 2021-22 NCIB has been reached; (ii) the 2021-22 NCIB expires; and (iii) the Company terminates the ASPP in accordance with its terms. The ASPP constitutes an "automatic securities purchase plan" under applicable Canadian securities laws.
  • The Company's proposed ASPP is subject to regulatory approval
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