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Innergex Renewable Energy (TSX:INE) has announced it has received approval from the Toronto Stock Exchange (TSX) to implement an automatic purchase plan under its normal course issuer bid. As quoted in the press release: The Bid commenced on August 17, 2017 and will terminate on August 16, 2018. Under the Bid, the Corporation may purchase for cancellation up …
Innergex Renewable Energy (TSX:INE) has announced it has received approval from the Toronto Stock Exchange (TSX) to implement an automatic purchase plan under its normal course issuer bid.
As quoted in the press release:
The Bid commenced on August 17, 2017 and will terminate on August 16, 2018. Under the Bid, the Corporation may purchase for cancellation up to 2,000,000 of its common shares, representing approximately 1.84% of the 108,640,790 issued and outstanding common share of the Corporation as at August 14, 2017.
During the period from August 17, 2017 to November 14, 2017, the Corporation did not repurchase any common shares for cancellation.
The Corporation has entered into an automatic purchase plan agreement with a designated broker to allow for purchases of its common shares during times when it would ordinarily not be permitted to do so due to self-imposed black-out periods or regulatory restrictions.
