- TWC Enterprises Limited (TWC) has announced its intention to renew a normal course issuer bid
- Between September 20, 2022, and September 19, 2023, TWC may purchase up to 1,224,786 common shares for cancellation
- Under the current normal course issuer bid due to expire on September 19, 2022, TWC purchased 52,200 at an average cost of $18.50 per share
- The company believes that the NCIB will benefit all current shareholders by increasing their proportionate interest in TWC
- TWC is Canada’s largest owner, operator and manager of golf clubs
- TWC Enterprises Limited (TWC) is unchanged on the day, trading at C$16.90 per share at 3 pm ET
TWC Enterprises Limited (TWC) has announced its intention to renew a normal course issuer bid.
TWC may, during the twelve-month period between September 20, 2022, and September 19, 2023, purchase up to 1,224,786 common shares being approximately 5 per cent of the company’s issued and outstanding common shares.
Daily purchases will be limited to 1,000 common shares.
Under the current normal course issuer bid due to expire on September 19, 2022, TWC purchased 52,200 shares for cancellation under this bid at an average cost per share of $18.50.
As of September 13, 2022, there were 24,495,724 common shares outstanding.
TWC believes that its outstanding common shares may represent an attractive investment and will benefit all current shareholders by increasing their proportionate interest in TWC.
All shares purchased by TWC under the normal course issuer bid will be cancelled.
TWC is Canada’s largest owner, operator and manager of golf clubs, with 47.5 18-hole equivalent championship and 2.5 18-hole equivalent academy courses at 36 locations in Ontario, Quebec and Florida.
TWC Enterprises Limited (TWC) is unchanged on the day, trading at C$16.90 per share at 3 pm ET.