Normal Course Issuer Bid On May 27, 2021, the Corporation announced that the TSX had accepted the Corporation's application to commence a normal course issuer bid (the "2021 NCIB") which allowed the Corporation to repurchase through the facilities of the TSX and alternative Canadian trading platforms up to 2,886,455 common shares. The program commenced on May 27, 2021 and ended on May 26, 2022. On May 25, 2022, the Corporation's second application was approved (the "2022 NCIB"). The 2022 NCIB allowed for the purchase of up to 2,886,455 common shares, over a twelve-month period commencing May 27, 2022 and ending May 26, 2023. On May 25, 2023, the Corporation's 2023 NCIB application was approved for the purchase of up to 2,868,106 common shares over a twelve-month period commencing May 27, 2023 and ending May 26, 2024.
In 2023, 214,937 shares were purchased for cancellation for $1.6 million at a volume weighted average price paid of $7.55 per common share. In 2022, 282,972 shares were purchased for cancellation for $2.1 million at a volume weighted average price paid of $7.29 per common share.
Outstanding Share Information
As at March 8, 2024, 57,179,666 common shares were outstanding and no preference shares were outstanding.