Capital Power -President and CEO, Brian Vaasjo
President and CEO, Brian Vaasjo
Source: Globe and Mail
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  • Capital Power has received approval from the TSE to renew its normal course issuer bid (NCIB)
  • The company intends to purchase and cancel up to 8,000,000 of its outstanding common shares between February 28, 2022 and February 27, 2023
  • Capital Power has not repurchased any common shares in the past 12 months under its preceding NCIB
  • Capital Power is a wholesale power producer
  • Capital Power Corporation (CPX) opened trading at C$38.99 per share

Capital Power has received approval from the TSE to renew its normal course issuer bid (NCIB).

The company intends to purchase and cancel up to 8,000,000 of its outstanding common shares during the one-year period from February 28, 2022, to February 27, 2023.

The 8,000,000 common shares under the NCIB represent approximately 7 per cent of the Public Float.

As of February 14, 2022, Capital Power had 116,206,667 common shares issued and outstanding and 115,905,159 common shares issued and outstanding. 

Capital Power has not repurchased any common shares in the past 12 months under its preceding normal course issuer bid.

Capital Power is a North American wholesale power producer headquartered in Edmonton, Alberta with a strategic focus on sustainable energy.

Capital Power Corporation (CPX) opened trading at C$38.99 per share.

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