Caldwell Partners International Inc. (CWLPF: OTCQX International) | Caldwell Announces TSX Approval of Normal Course Issuer Bid
Caldwell Partners International Inc. (TSX:CWL)(OTCQX:CWLPF) has announced that the Toronto Stock Exchange (TSX) has approved its normal course issuer bid (NCIB). Key points include:
- Caldwell can purchase up to 2,370,191 common shares (10% of public float) for cancellation.
- The NCIB will run from January 29, 2025 to January 28, 2026.
- Daily purchase limit is 2,300 shares, with block purchase exceptions allowed weekly.
- Purchases will be made through TSX or Canadian alternative trading systems at market prices.
- Caldwell has entered into an Automatic Securities Purchase Plan (ASPP) with a designated broker.
- The ASPP allows purchases during blackout periods, subject to pre-set parameters.
- The company believes the NCIB may enhance long-term shareholder value.
- As of January 15, 2025, Caldwell had 29,558,932 common shares issued and outstanding.
The NCIB reflects Caldwell’s view that its shares may at times be undervalued, and the buyback could help mitigate dilution from potential future share issuances.
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