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E-L Financial Corp Ltd
Symbol ELF
Shares Issued 3,660,716
Close 2022-09-15 C$ 915.50
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E-L Financial share purchase offer

2022-09-15 21:08 ET - Miscellaneous

The Toronto Stock Exchange reports that E-L Financial Corp. Ltd. has made an offer dated Aug. 16, 2022, to purchase up to $100-million of its shares at a price of not less than $825 per share and not more than $975 per share. According to the TSX, the offer will expire at 5 p.m. Eastern Time on Sept. 26, 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 company will select the lowest purchase price per share between $825 and $975 that will allow it to purchase the maximum number of shares tendered having a total purchase price not exceeding $100-million.

The TSX notes that the notice of guaranteed delivery must be completed and received by the depositary on or before the expiry time. The letter of transmittal along with the shares pertaining to the notice of guaranteed delivery must be received in Toronto before 5 p.m. Eastern Time on or before the second TSX trading day after the expiry time. Trades on Sept. 26, 2022, will settle on Sept. 27, 2022.

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