- E-L Financial Corporation has announced plans to renew its normal course issuer bid
- Purchases under the NCIB will commence on March 9, 2022, and end on March 8, 2023
- The company may acquire a maximum of 184,938 shares under the NCIB
- All common shares acquired will be cancelled
- E-L Financial Corporation operates as an investment and insurance holding company
- E-L Financial Corporation Limited (ELF) opened trading at C$908.01 per share
E-L Financial Corporation (ELF) has announced plans to renew its normal course issuer bid.
Purchases under the NCIB will commence on March 9, 2022, and end on March 8, 2023, or when the corporation has purchased the maximum number of shares allowed under the NCIB.
The company may acquire a maximum of 184,938 shares. On any given day during the NCIB, the corporation may purchase up to 1,000 common shares.
In connection with the NCIB, the company has entered into an automatic repurchase plan with its designated broker. All common shares acquired will be cancelled.
The company’s previous NCIB expires on March 8, 2022. Under the previous NCIB, the company purchased an aggregate of 9,800 shares at an average price of $915.73 per share.
E-L Financial Corporation operates as an investment and insurance holding company.
E-L Financial Corporation Limited (ELF) opened trading at C$908.01 per share.