Dollarama Gains TSX Approval to Renew Normal Course Issuer Bid
Dollarama (DOL.TO) secured approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB), the retail company said Friday. Under the NCIB, Dollarama may purchase up to 13,532,086 of its common shares, or 5.0% of its issued and outstanding common shares as of June 30, during a 12-month period starting July 7. In Dollarama's previous NCIB that will expire July 6, the company had purchased a total of 6,835,200 common shares at a weighted average price of C$183.90 per common share as of June 30. Dollarama previously received approval to purchase up to 13,865,588 common shares.
Dollarama (DOL.TO) secured approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB), the retail company said Friday.
Under the NCIB, Dollarama may purchase up to 13,532,086 of its common shares, or 5.0% of its issued and outstanding common shares as of June 30, during a 12-month period starting July 7.
In Dollarama's previous NCIB that will expire July 6, the company had purchased a total of 6,835,200 common shares at a weighted average price of C$183.90 per common share as of June 30.
Dollarama previously received approval to purchase up to 13,865,588 common shares.