- Between March 8, 2023, and March 7, 2024, Clairvest may purchase up to 760,135 of its common shares for cancellation
- Daily purchases will be limited to 1,000 common shares
- Under its current bid, the company purchased 3,659,632 common shares at a cost of approximately $50 million
- Clairvest is a private equity management firm with over C$3.3 billion of capital under management
- Clairvest Group Inc. (CVG) opened trading at C$80.88
Clairvest Group (CVG) has received exchange approval to renew its new normal course issuer bid.
During the 12-month period commencing March 8, 2023, and ending March 7, 2024, Clairvest may purchase up to 760,135 of its common shares for cancellation.
Daily purchases will be limited to 1,000 common shares, other than block purchase exceptions.
Under its current bid, ending March 7, 2023, the company purchased 3,659,632 common shares at a cost of approximately $50 million. There were 15,202,712 common shares of the Corporation outstanding on February 28, 2023.
Clairvest has renewed its automatic share purchase plan with a designated broker to allow for the purchase of its common shares under the NCIB at times when Clairvest normally would not be active in the market.
About Clairvest
Clairvest is a private equity management firm with over C$3.3 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Clairvest has initiated investments in 61 different platform companies.
Clairvest Group Inc. (CVG) opened trading at C$80.88.