- Glacier Media has announced its intention to launch a normal course issuer bid
- Between April 4, 2022, and April 3, 2023, Glacier may purchase up to 5,300,000 common shares
- Daily purchases under the bid will be limited to 20,016 shares
- Purchases will be carried out by CIBC Capital Markets Inc. on behalf of Glacier
- All shares purchased under the bid will be returned to treasury and cancelled
- Glacier Media Inc. is an information & marketing solutions company
- Glacier Media Inc. (GVC) is up 1.41 per cent on the day, trading at C$0.36 per share at 2:55 pm ET
Glacier Media (GVC) has announced its intention to launch a normal course issuer bid.
Between April 4, 2022, and April 3, 2023, Glacier may purchase up to 5,300,000 common shares.
Daily purchases under the bid will be limited to 20,016 shares.
There are currently 132,755,559 common shares of Glacier issued and outstanding and 53,228,912 common shares estimated in the “public float”.
Glacier believes that its shares may trade in a price range that does not adequately reflect their underlying value based on Glacier’s assets, business prospects and financial position. The NCIB will be advantageous to all Glacier shareholders.
Purchases will be carried out by CIBC Capital Markets Inc. on behalf of Glacier in accordance with applicable regulatory requirements. All shares purchased under the bid will be returned to treasury and cancelled.
Glacier has not purchased any of its common shares within the last 12 months.
Glacier Media Inc. is an information & marketing solutions company. The company’s products and services are focused on two areas: data analytics and intelligence and content & marketing solutions.
Glacier Media Inc. (GVC) is up 1.41 per cent on the day, trading at C$0.36 per share at 2:55 pm ET.