ETOLF - Enterprise Group receives TSX approval for normal course issuer bid
- Enterprise Group ( OTCPK:ETOLF ) has received TSX approval to renew normal course issuer bid to purchase its outstanding common shares on the open market.
- The normal course issuer bid allows the company to purchase up to 2,401,064 shares, representing 10% of its public float, as of Aug. 22, 2022. Enterprise is subject to a daily repurchase limit of 25% of such volume, being 13,799 shares, except where such purchases are made in accordance with the block purchase exemption under TSX rules.
- As of Aug 22, there were 47,540,874 shares issued and outstanding.
- The bid is planned to be renewed on Aug. 30, 2022 and continue until Aug. 29, 2023.
- During the past 12 months, the company has purchased 1,663,000 shares (of a maximum of 2,670,778 Shares) at a weighted average price of $0.29 per share.
For further details see:
Enterprise Group receives TSX approval for normal course issuer bid