- Colliers International Group (CIGI) has established an automatic share-purchase plan (ASPP) in connection with its normal course issuer bid (NCIB) applicable to its outstanding subordinate voting shares
- The ASPP is intended to allow for the purchase of subordinate voting shares under the NCIB at times when Colliers would ordinarily not be permitted to purchase its securities
- Purchases will be made by Colliers’ designated broker based on pre-established purchasing parameters
- Colliers International Group Inc. is a leading diversified professional services and investment management company, with operations in 63 countries and17,000 professionals
- Colliers International Group Inc. was up 0.829 per cent, trading at $127.64 at 12:37 PM ET
Colliers International Group (CIGI) has established an automatic share-purchase plan (ASPP).
The ASPP is in connection with its normal course issuer bid (NCIB) applicable to its outstanding subordinate voting shares.
The ASPP is intended to allow for the purchase of subordinate voting shares under the NCIB at times when Colliers would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed blackout periods.
In accordance with the ASPP, purchases will be made by Colliers’ designated broker based on pre-established purchasing parameters, without further instructions by Colliers, in compliance with the rules of the Toronto Stock Exchange, applicable securities laws and the terms of the ASPP.
The ASPP has been pre-cleared by the TSX and will be implemented beginning on October 3, 2022, and, if not terminated sooner based on the terms of the ASPP, will terminate on October 28, 2022.
The NCIB commenced on July 20, 2022, and will end no later than July 19, 2023. All purchases made under the ASPP will be included in computing the number of Subordinate Voting Shares purchased under the NCIB.
Colliers International Group Inc. is a leading diversified professional services and investment management company, with operations in 63 countries and17,000 professionals.
Colliers International Group Inc. was up 0.829 per cent, trading at $127.64 at 12:37 PM ET.