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AutoCanada Inc
Symbol ACQ
Shares Issued 26,562,695
Close 2022-08-05 C$ 27.83
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AutoCanada amended share purchase offer

2022-08-05 20:27 ET - Miscellaneous

The Toronto Stock Exchange reports that AutoCanada Inc. has amended its offer to purchase up to $10-million of its shares, increasing the price range at which shares will be purchased pursuant to the offer to a price of not less than $25 per share and not more than $28 per share. According to the TSX, the company has also extended the offer to 5 p.m. Toronto time on Aug. 15, 2022.

To tender to the offer, shareholders must return the letter of transmittal together with share certificates to Computershare Investor Services Inc. at its principal offices in Toronto. The issuer will select the lowest purchase price per share between $25 and $28 that will enable it to purchase the maximum number of shares tendered, having a total purchase price not exceeding $100-million.

The TSX notes that the amended notice of guaranteed delivery must be completed and received by the depositary on or prior to the expiry time. The amended letter of transmittal along with the shares pertaining to the amended notice of guaranteed delivery must be received in Toronto prior to 5 p.m. Toronto time on the second TSX trading day after the expiry time. Trades on Aug. 15, 2022, will settle on Aug. 16, 2022.

For more information, see the offer dated June 30, 2022, the TSX bulletin dated July 13, 2022, and the notice of variation and extension dated Aug. 3, 2022.

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