Bullboard - Stock Discussion Forum Canadian Tire Ord Shs T.CTC.A

Primary Symbol: T.CTC Alternate Symbol(s): CDNAF | 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... see more

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TSX:CTC - Post Discussion

Canadian Tire Ord Shs > AUTOMATIC SECURITIES PURCHASE PLAN

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Post by Betteryear2 on Nov 11, 2021 7:57pm

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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