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Enter Symbol
or Name
USA
CA



Home Capital Group Inc
Symbol HCG
Shares Issued 70,186,680
Close 2015-09-11 C$ 28.47
Market Cap C$ 1,998,214,780
Recent Sedar Documents

Home Capital to buy back up to 3.5 million shares

2015-09-14 14:03 ET - News Release

Mr. Gerald Soloway reports

HOME CAPITAL GROUP INC. ANNOUNCES NORMAL COURSE ISSUER BIDCANADA NEWSWIRETORONTO, SEPT. 14, 2015

Home Capital Group Inc. has filed with the Toronto Stock Exchange a notice of intention to make a normal course issuer bid, as approved by Home Capital's board of directors, pursuant to which Home Capital may purchase for cancellation up to 3,509,334 of its common shares, representing approximately 5 per cent of its 70,186,680 issued and outstanding common shares as of Sept. 9, 2015. The average daily trading volume from March 1, 2015, to Aug. 31, 2015, was 309,697 shares. Daily purchases will be limited to 77,424 common shares, other than block purchase exceptions. The purchases may commence on Sept. 16, 2015, and will terminate on Sept. 15, 2016, or on such earlier date as Home Capital may complete its purchases pursuant to the notice of intention. The purchases made by Home Capital will be effected through the facilities of TSX and in accordance with the rules of TSX. The price that Home Capital will pay for any common shares will be the market price of such shares at the time of acquisition. Home Capital will make no purchases of common shares other than open-market purchases.

Pursuant to its normal course issuer bid for common shares commencing Sept. 16, 2014, which expires Sept. 15, 2015, Home Capital purchased 85,000 shares at a weighted average price of $34.82 per share.

Home Capital believes that, from time to time, the market price of its common shares does not fully reflect the value of its business and its future business prospects. As a result, Home Capital believes that the purchase of its outstanding common shares may represent an appropriate and desirable use of its available funds.

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