- The Toronto Stock Exchange has accepted a notice filed by Colliers to make a normal course issuer bid
- The notice provides that Colliers may purchase up to 3,200,000 subordinate voting shares between July 20, 2021 and July 19, 2022
- All shares purchased by Colliers under the NCIB will be cancelled
- Colliers (CIGI) is a leading diversified professional services and investment management company
- Colliers International Group Inc. (CIGI) opened trading at C$137.22 per share
The Toronto Stock Exchange has accepted a notice filed by Colliers International Group (CIGI) to make a normal course issuer bid.
The notice provides that Colliers may purchase up to 3,200,000 subordinate voting shares during the twelve-month period between July 20, 2021 and July 19, 2022.
Share purchases through Nasdaq will be made in the normal course and will not, during the twelve-month period ending July 19, 2022 exceed 5 per cent of the outstanding subordinate voting shares. The price paid for any such shares will be the market price at the time of acquisition.
All shares purchased by Colliers under the NCIB will be cancelled.
As of July 5, 2021, there were 42,658,300 subordinate voting shares and 1,325,694 multiple voting shares outstanding.
Colliers’ previous NCIB authorizing the purchase of up to 3,000,000 subordinate voting shares expires on July 19, 2021. Colliers has not purchased any shares under this NCIB.
Colliers International Group (CIGI) is a real estate services and investment management company.
Colliers International Group Inc. (CIGI) opened trading at C$137.22 per share.