Monday, January 13, 2020
12:27 PM EST – Home Capital Group Inc. : Announced today the preliminary results of its Substantial Issuer Bid to repurchase for cancellation up to $150,000,000 of its common shares. In accordance with the terms and conditions of the Offer and based on a preliminary count by Computershare Investor Services Inc. Home Capital expects to take up and purchase for cancellation 4,392,386 Shares at a purchase price of $34.15 per Share. The Shares expected to be purchased under the Offer represent approximately 7.66% of the Shares issued and outstanding (undiluted) as at January 10, 2020. After giving effect to the Offer, 52,953,160 Shares are expected to be issued and outstanding. Home Capital Group Inc. (T.HCG) shares were up $0.32 at 33.96.
Stocks in Play: Home Capital Group Inc., Mon, 13 Jan 2020 12:42:57 EST