Dexterra Announces Renewal of Normal Course Issuer Bid
Dexterra Announces Renewal of Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - May 21, 2024) - Dexterra Group Inc. (TSX: DXT) ("Dexterra") is pleased to announce that the Toronto Stock Exchange ("TSX") has approved its notice of intention to renew its normal course issuer bid ("NCIB"). Pursuant to the terms of the NCIB, commencing on May 23, 2024 and expiring on May 22, 2025, Dexterra may purchase its own common shares for cancellation through the facilities of the TSX or alternative Canadian trading systems, in accordance with the applicable requirements, and as otherwise permitted under applicable securities laws. The maximum number of common shares which may be purchased by Dexterra during the NCIB will not exceed 165,600 common shares being less than 1.0% of 64,147,229 (representing the number of issued and outstanding common shares as of May 16, 2024). The average daily trading volume (the "ADTV") of the common shares on the TSX for the six-month period ended April 30, 2024 was 29,334 common shares. Under the rules of the TSX, Dexterra is entitled to repurchase during the same trading day on the TSX up to 25% of the ADTV of the common shares, being 7,333 common shares, except where such purchases are made in accordance with the "block purchase" exemption under applicable TSX policy.
安大略省多倫多--（Newsfile Corp.，2024年5月21日）——德克斯特拉集團公司（多倫多證券交易所股票代碼：DXT）（“Dexterra”）欣然宣佈，多倫多證券交易所（“TSX”）已批准其延長正常發行人出價（“NCIB”）的意向通知。根據自2024年5月23日起至2025年5月22日到期的NCIB的條款，Dexterra可以根據適用要求以及適用的證券法另行允許，通過多倫多證券交易所或加拿大另類交易系統的設施購買自己的普通股進行註銷。德克斯特拉在NCIB期間可以購買的最大普通股數量將不超過165,600股，低於64,147,229股的1.0％（代表截至2024年5月16日的已發行和流通普通股數量）。截至2024年4月30日的六個月期間，多倫多證券交易所普通股的平均每日交易量（“ADTV”）爲29,334股普通股。根據多倫多證券交易所的規定，Dexterra有權在同一交易日回購多倫多證券交易所高達25％的普通股ADTV，即7,333股普通股，除非此類購買是根據適用的多倫多證券交易所政策下的 “大宗購買” 豁免進行的。
In addition to providing shareholders liquidity, Dexterra believes that the common shares have been trading in a price range which does not adequately reflect their value in relation to Dexterra's business and its future prospects. Dexterra further believes that the purchase of the common shares through the NCIB, at appropriate times, can constitute an attractive investment.
除了爲股東提供流動性外，德克斯特拉還認爲，普通股的交易價格區間不足以反映其與德克斯特拉業務及其未來前景相關的價值。Dexterra進一步認爲，在適當時候通過NCIB購買普通股可以構成一項有吸引力的投資。
Under its prior NCIB that commenced on May 15, 2023 and terminated on May 14, 2024, Dexterra previously sought and received approval from the TSX to repurchase up to 1,300,000 common shares. During and pursuant to its previously authorized NCIB, Dexterra purchased an aggregate of 1,134,400 common shares through the facilities of the TSX and alternative Canadian trading systems at a weighted-average price of C$5.78 per common share, for total cash consideration of C$6,556,832. Dexterra did not repurchase the maximum allowance under the previous NCIB due to a combination of factors.
根據其之前於2023年5月15日開始並於2024年5月14日終止的NCIB，Dexterra此前曾尋求並獲得多倫多證券交易所的批准，以回購多達13萬股普通股。根據先前授權的NCIB，Dexterra通過多倫多證券交易所和加拿大另類交易系統的設施共購買了1,134,400股普通股，加權平均價格爲每股普通股5.78加元，總現金對價爲6,556,832加元。由於多種因素，Dexterra沒有回購先前NCIB下的最高補貼。
Dexterra also announces that it is entering into an automatic share purchase plan (the "ASPP") with a designated broker to allow for the purchase of its common shares under its NCIB at times when Dexterra normally would not be active in the market due to applicable regulatory restrictions or internal trading black-out periods. Before the commencement of any particular internal trading black-out period, Dexterra may, but is not required to, instruct its designated broker to make purchases of the common shares under the NCIB during the ensuing black-out period in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by Dexterra prior to commencement of the applicable black-out period in accordance with the terms of the ASPP and applicable TSX rules. Outside of these black-out periods, common shares will be purchasable by Dexterra at its discretion under its NCIB.
Dexterra還宣佈，它將與指定經紀商簽訂自動股票購買計劃（“ASPP”），以允許在Dexterra由於適用的監管限制或內部交易封鎖期而通常不會活躍在市場上的時候，根據其NCIB購買其普通股。在任何特定的內部交易封鎖期開始之前，Dexterra可以指示其指定經紀人根據ASPP的條款，在隨後的封鎖期內購買NCIB下的普通股，但不必這樣做。此類購買將由經紀商根據ASPP的條款和適用的多倫多證券交易所規則在適用的封鎖期開始之前根據Dexterra制定的參數全權酌情決定。在這些封鎖期之外，德克斯特拉將根據其NCIB自行決定購買普通股。
The NCIB and ASPP is effective as of May 23, 2024 and will terminate on the earliest of the date on which: (a) the maximum annual purchase limit under the NCIB has been reached; (b) the NCIB expires; or (c) Dexterra terminates the ASPP in accordance with its terms. The ASPP constitutes an "automatic securities purchase plan" under applicable Canadian securities laws.
NCIB和ASPP自2024年5月23日起生效，並將最早在以下日期終止：（a）達到NCIB的最高年度購買限額；（b）NCIB到期；或（c）Dexterra根據其條款終止ASPP。根據適用的加拿大證券法，ASPP構成 “自動證券購買計劃”。
About Dexterra
關於 Dexterra
Dexterra employs more than 8,500 people, delivering a range of support services for the creation, management, and operation of infrastructure across Canada.
Dexterra 擁有 8,500 多名員工，爲加拿大各地基礎設施的創建、管理和運營提供一系列支持服務。
Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of integrated facilities management services, industry leading workforce accommodation solutions, innovative modular building capabilities, and other support services for diverse clients in the public and private sectors.
在人才的支持下，Dexterra爲每一項挑戰提供一流的區域專業知識，並提供創新的解決方案，使客戶對他們的日常運營充滿信心。活動包括全面的綜合設施管理服務、行業領先的勞動力住宿解決方案、創新的模塊化建築能力以及爲公共和私營部門不同客戶提供的其他支持服務。
For further information contact:
欲了解更多信息，請聯繫：
Denise Achonu, CFO
首席財務官丹妮絲·阿喬努
Head office: Airway Centre, 5915 Airport Rd., 4th Floor Mississauga, Ontario L4V 1T1
Telephone: (905) 270-1964
總部：安大略省密西沙加機場路 5915 號航空中心 L4V 1T1 4 樓
電話：(905) 270-1964
You can also visit our website at dexterra.com.
你也可以訪問我們的網站 dexterra.com。
譯文內容由第三人軟體翻譯。