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AGF Management Ltd Announces Normal Course Issuer Bid


Wednesday, 30 Jan 2013 11:45am EST 

AGF Management Ltd announced that the Toronto Stock Exchange (TSX) has approved AGF's notice of intention to make a normal course issuer bid for the purchase for cancellation from time to time of certain of its Class B Non-Voting Shares (AGF.b) from February 1, 2013 to January 31, 2014. As at January 17, 2013, there were 89,135,058 Class B Non-Voting Shares issued and outstanding and the public float consisted of 67,292,288 Class B Non-Voting Shares. AGF acquired 7,435,369 Class B Non-Voting Shares at a weighted average price of $11.37 under the current normal course issuer bid. Under the announced normal course issuer bid, AGF is permitted to purchase up to 6,729,228 Class B Non-Voting Shares or 10% of the public float for such shares. AGF relies on an automatic purchase plan during the normal course issuer bid. Under the announced issuer bid, the purchases will be made through the facilities of TSX, alternative trading systems, or as otherwise permitted by the TSX. Except where reliance is placed on the TSX's block purchase exemption, AGF will not purchase on any given day under the bid, more than 72,893 which is 25% of the average daily trading volume of its Class B Non-Voting Shares for the six calendar months prior to the date of the notice. The average daily trading volume of the Class B Non-Voting Shares for such period was 291,574. 

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11.94
0.14 +1.19%
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