Global Education Communities Corp. Reports Normal Course Issuer Bid
Global Education Communities Corp. Reports Normal Course Issuer Bid
VANCOUVER, BC / ACCESSWIRE / March 20, 2024 / Global Education Communities Corp. (TSX:GEC)(OTCQX International:GECSF) ("GECC") reports that it has received approval from the Toronto Stock Exchange (the "TSX") to commence a normal course issuer bid ("NCIB") to purchase up to 1,000,000 of its common shares, representing approximately 1.48% of the 67,440,040 common shares which were issued and outstanding as at the close of business on March 11, 2024 (net of shares purchased under the previous NCIB but not yet cancelled), to a maximum aggregate acquisition cost of approximately $1,000,000. The NCIB is being implemented because management believes that purchases under the NCIB constitute a desirable use of its funds on the basis that recent market prices of the common shares do not, and at certain times during the course of the NCIB may not, fully reflect the value of GECC's business and future business prospects.
不列顛哥倫比亞省溫哥華/ACCESSWIRE/2024年3月20日/全球教育社區公司（多倫多證券交易所股票代碼：GEC）（OTCQX International: GECC）（“GECC”）報告稱，它已獲得多倫多證券交易所（“多倫多證券交易所”）的批准，開始普通股發行人（“NCIB”）購買多達1,000,000股普通股，約佔67,4404％的1.48％ 截至2024年3月11日營業結束時已發行和流通的4,040股普通股（扣除根據前NCIB購買但尚未取消的股份），最大總收購成本爲大約 1,000,000 美元。之所以實施NCIB，是因爲管理層認爲，在NCIB下進行的收購構成了其資金的理想用途，因爲普通股的近期市場價格並不能完全反映GECC業務的價值和未來的業務前景，在NCIB期間的某些時候也可能無法完全反映GECC的業務價值和未來的業務前景。
GECC may buy back common shares anytime during the 12-month period beginning on March 22, 2024 and ending on March 21, 2025, or on such earlier date as the Company may complete its purchases pursuant to the NCIB or provides notice of termination. Share purchases under the NCIB will be conducted through the facilities of the TSX and other Canadian trading systems/alternative trading systems. The actual number of shares purchased, and the timing of any such purchases, will be determined by GECC in accordance with the rules of the TSX. Any shares purchased under the NCIB will be cancelled.
GECC可以在自2024年3月22日起至2025年3月21日結束的12個月期間內隨時回購普通股，也可以在公司根據NCIB完成購買或提供終止通知的更早日期回購普通股。NCIB下的股票購買將通過多倫多證券交易所和其他加拿大交易系統/另類交易系統的設施進行。實際購買的股票數量以及任何此類購買的時間將由GECC根據多倫多證券交易所的規定確定。在NCIB下購買的任何股票都將被取消。
Subject to prescribed exceptions, GECC may purchase up to 2,548 common shares per day, representing 25% of the average daily trading volume of 10,193 common shares during the six months ending on February 29, 2024. The exceptions to this limitation include block trade purchases of (1) shares having a purchase price of at least $200,000, (2) at least 5,000 common shares having a purchase price of at least $50,000, or (3) at least 20 board lots of common shares and a total of at least 15,290 common shares.
除規定的例外情況外，GECC每天最多可以購買2548股普通股，佔截至2024年2月29日的六個月中10,193股普通股平均每日交易量的25％。該限制的例外情況包括大宗交易購買（1）收購價至少爲20萬美元的股票，（2）購買價格至少爲50,000美元的至少5,000股普通股，或（3）至少20手普通股和總共至少15,290股普通股。
The Company was authorized to purchase up to 3,374,877, common shares under its last normal course issuer bid. During the last 12 months, GECC has purchased 57,500 of its common shares through a normal course issuer bid at a weighted average price per share of $0.3692. These purchases were effected through the facilities of the TSX and other Canadian trading systems/alternative trading systems.
根據發行人的最後一次正常出價，該公司獲准購買多達3,374,877股普通股。在過去的12個月中，GECC通過正常發行人的出價購買了57,500股普通股，加權平均每股價格爲0.3692美元。這些收購是通過多倫多證券交易所和其他加拿大交易系統/另類交易系統的設施進行的。
About GECC:
GECC is one of Canada's largest education and student housing investment companies focused on the domestic and global education market since 1994. GECC operates business and language colleges, student-centric rental apartments, recruitment centres and corporate offices at 41 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp. (established in 1903), Sprott Shaw Language College, Vancouver International College Career Campus and GECC School of Business & Technology Corp. GECC offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. In fiscal 2023, GECC serviced over 14,277 domestic and international students through its educational, rental housing and recruitment subsidiaries.
關於 GECC：
自1994年以來，GECC是加拿大最大的教育和學生住房投資公司之一，專注於國內和全球教育市場。GECC在加拿大和國外的41個地點經營商業和語言學院、以學生爲中心的出租公寓、招聘中心和公司辦公室。其教育子公司包括Sprott Shaw College Corp.（成立於1903年）、Sprott Shaw語言學院、溫哥華國際學院職業校園和GECC商業與技術學院公司。GECC通過這些學校提供150多個醫療保健、企業管理、電子商務、網絡安全、酒店管理、緊急護理人員和語言培訓方面的教育課程。在2023財年，GECC通過其教育、租賃住房和招聘子公司爲超過14,277名國內和國際學生提供服務。
GECC owns Global Education City Holdings Inc. ("GECH"), an investment holding and development company focused on education-related real estate such as student-centric rental apartments and education super-centres. In fiscal 2023, GECH operated 15 properties under the GEC brand in Metro Vancouver and provided accommodation services to 92 partner-schools serving 3,200 students from 71 countries. The total portfolio and development budget under the GEC brand exceeds $1.2 billion.
GECC擁有環球教育城控股公司（“GECH”），這是一家投資控股和開發公司，專注於教育相關房地產，例如以學生爲中心的出租公寓和教育超級中心。在2023財年，GECH以GEC品牌在大溫哥華運營了15處房產，併爲92所合作學校提供了住宿服務，爲來自71個國家的3,200名學生提供服務。GEC品牌的總投資組合和發展預算超過12億美元。
GECC also owns Global Education Alliance Inc. ("GEA") and Irix Design Group Inc. ("IRIX"). GEA recruits international students for elite kindergartens, primary and secondary schools, colleges and universities in North America. Irix is a leading design and advertising company based in Vancouver, Canada. Visit us online and watch our corporate video at .
GECC還擁有全球教育聯盟公司（“GEA”）和艾裏克斯設計集團公司（“IRIX”）。GEA 爲北美的精英幼兒園、中小學、學院和大學招收國際學生。Irix 是一家領先的設計和廣告公司，總部位於加拿大溫哥華。在線訪問我們並觀看我們的公司視頻，網址爲.
For more information, contact:
Toby Chu
Chairman, President & CEO
Global Education Communities Corp.
欲了解更多信息，請聯繫：
Toby Chu
董事長、總裁兼首席執行官
全球教育社區公司
Investor Relations Contact: 1-604-871-9909 extension 319 or | Email: info@GEChq.com
投資者關係聯繫人：1-604-871-9909 分機 319 或 | 電子郵件：info@GEChq.com
SOURCE: Global Education Communities Corp.
來源：全球教育社區公司
譯文內容由第三人軟體翻譯。