ONEXF - Onex announces stock buyback of up to 10% of public float

Onex (OTCPK:ONEXF) on Wednesday said it will buy back up to 7.2M shares through a normal course issuer bid (NCIB). This represents up to 10% of the public float in its subordinate voting shares. There are ~86.1M subordinate voting shares issued and outstanding and the public float as at Apr. 8 was 71.7M shares. Subject to discretionary relief provided by the Toronto Stock Exchange, ONEXF may purchase up to ~35.2K subordinate voting shares on any trading day and may purchase such shares under the exchange's block purchase exemption, if available. The NCIB will begin on Apr. 18 and will end either when all purchases under the bid are completed or on Apr. 17, 2023.

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Onex announces stock buyback of up to 10% of public float