Cannabis Extraction Co. Ayurcann Holdings To Buyback Stock Under Normal Course Issuer Bid
Cannabis Extraction Co. Ayurcann Holdings To Buyback Stock Under Normal Course Issuer Bid
Canadian cannabis extraction company Ayurcann Holdings Corp. (CSE:AYUR) (OTCQB:AYURF) (FSE: 3ZQ0) is seeking to initiate a normal course issuer bid through the facilities of the Canadian Securities Exchange or alternative trading systems.
加拿大大麻提取公司阿尤坎控股公司(Ayurcann Holdings Corp.)(CSE：AYUR)(OTCQB：AYURF)(FSE：3ZQ0)正在尋求通過加拿大證券交易所或另類交易系統發起正常的發行人報價。
What Happened?
發生了什麼？
Under the NCIB, the corporation intends to acquire up to 6.08 million common shares in the capital of the corporation, representing approximately 5% of its issued and outstanding common shares. As of February 28, 2022, there were 121.72 million common shares issued and outstanding.
在NCIB的領導下，該公司擬收購公司股本中最多608萬股普通股，約佔其已發行和已發行普通股的5%。截至2022年2月28日，有已發行和已發行普通股1.2172億股。
On any given day, during the NCIB, the corporation may only purchase up to 15,000 common shares, which is equivalent to 25% of the average daily trading volume of 60,000 calculated based on the trading volumes on the CSE over the past 12 months and may purchase once per calendar week, in a block trade, a greater number of common shares.
在NCIB期間的任何一天，公司可以最多隻能購買15,000股普通股，這相當於根據過去12個月CSE的交易量計算的日均交易量6萬股的25%，在大宗交易中，可以每日曆周購買更多數量的普通股。
Purchases under the NCIB may commence as of March 1, 2022 and will end on the earlier of:
根據NCIB的購買可能從3月1日開始，2022年，將於以下日期中的較早者結束：
- February 28, 2023.
- The date on which the corporation has purchased the maximum number of common shares to be acquired under the NCIB.
- 2023年2月28日
- 公司根據NCIB購買的普通股數量達到最大數量的日期。
The corporation may terminate the NCIB earlier if it feels it is appropriate to do so.
該公司如果NCIB認為合適，可以提前終止NCIB。
Ayurcann has appointed Canaccord Genuity Corp. to conduct the NCIB. The purchase and payment of the common shares will be made in accordance with the requirements of the CSE and applicable securities laws.
Ayurcann已任命Canaccel Genuity Corp.領導NCIB。普通股的購買和支付將根據中國證券交易所和適用的證券法的要求進行。
What's Next?
下一個是什麼？
The actual number of common shares purchased, timing of purchases and share price will depend upon market conditions at the time and securities law requirements. All common shares acquired will be returned to treasury and cancelled.
實際購買的普通股數量、購買時間和股價將取決於當時的市場狀況和證券法的要求。所有收購的普通股將退還國庫並註銷。
The company's board of directors believes that the market price of the common shares may from time to time not reflect the underlying value of the company, specifically its growth opportunities, and that the proposed purchasing of its common shares is in the best interests of the company and represents an appropriate use of corporate funds.
公司董事會認為，普通股的市場價格可能不時不能反映公司的潛在價值，特別是其增長機會，建議購買其普通股符合公司的最佳利益，並代表着對公司資金的適當使用。
It is expected that any purchases made by the company could also enhance value and liquidity for its shareholders.
預計該公司進行的任何收購也可能提高其股東的價值和流動性。
Photo: Courtesy of energepic.com from Pexels
圖片：由Pexels的energepic.com提供
譯文內容由第三人軟體翻譯。