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Onex Corp Files Normal Course Issuer Bid


Friday, 12 Apr 2013 10:00am EDT 

Onex Corp announced that it has filed with the Toronto Stock Exchange, and the Exchange has accepted, a Notice of Intention to make a Normal Course Issuer Bid permitting Onex to purchase for cancellation up to 10% of the public float in its Subordinate Voting Shares, or 8,874,849 shares. There are 113,952,935 Subordinate Voting Shares issued and outstanding and the public float as at March 31, 2013 was 88,748,496 shares. Onex may buy back shares from time to time during the next twelve months. Any purchases made under the Normal Course Issuer Bid will be effected through the facilities of the Exchange. Onex commenced a similar bid on April 16, 2012, which expires on April 15, 2013 and under which a total of 1,526,865 Subordinate Voting Shares have been purchased as at April 4, 2013 at an average purchase price of C$42.35 per share. Onex may purchase up to 32,914 Subordinate Voting Shares during any trading day, being 25% of its average daily trading volume of 131,656 Subordinate Voting Shares for the most recently completed six calendar months. Onex may also purchase Subordinate Voting Shares from time to time under the Exchange's block purchase exemption, if available. The Normal Course Issuer Bid will commence on April 16, 2013 and will conclude on the earlier of the date on which purchases under the bid have been completed and April 15, 2014. 

Company Quote

74.37
0.25 +0.34%
4:00pm EDT