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Re: Yuuuuge Buyback
GMT has bought 77,170,686 shs so far. Only 303,804,021 left to buy if they want to own all of it..... 5. Share Capital Shares of Common Stock Balance, December 31, 2018 387,079,027 Shares repurchased and canceled (6,104,320) Balance, June 30, 2019 380,974,707 In Q1 2019, the Company implemented a share repurchase program (the “2019 Program”) through the facilities of the Toronto Stock Exchange ("TSX") and eligible alternative trading platforms in Canada. Under the 2019 Program, the Company is able to purchase at prevailing market prices up to 19,353,951 shares of Common Stock, representing approximately 5.00% of the issued and outstanding shares of Common Stock as of March 1, 2019. The 2019 Program will expire on March 12, 2020, or earlier if the 5.00% share maximum is reached. During the three and six months ended June 30, 2019, the Company repurchased 7,856,425 and 10,442,720 shares at a weighted average prices of $2.27 and $2.29, respectively. Of the shares repurchased, 743,520 shares at a weighted average price of $2.34 were repurchased under 2018 share repurchase program and 4,338,400 shares at a weighted average price of $2.14 have not been canceled by the Company and were designated as treasury stock as at June 30, 2019. |
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Msg # | Subject | Author | Recs | Date Posted |
15203 | Re: Yuuuuge Buyback | Montrealer | 0 | 9/10/2019 9:30:43 AM |