Share Buyback….Not much before Dividend date orel to launch normal course issuer bid
The TSX has approved Dorel's normal course issuer bid (NCIB). Under the NCIB, Dorel may purchase, for cancellation, a maximum of 1,891,222 Class B shares, representing 10 per cent of the 18,912,225 Class B shares forming the public float.
The shares may be purchased through the facilities of the TSX and on alternative trading systems in Canada over the 12-month period from Jan. 6, 2022, to Jan. 5, 2023.
As of Dec. 24, 2021, Dorel had 28,359,191 Class B shares issued and outstanding.