Market Herald logo

Subscribe

Be the first with the news that moves the market
  • E-L Financial Corporation has announced plans to renew its normal course issuer bid
  • Purchases under the NCIB will commence on March 9, 2022, and end on March 8, 2023
  • The company may acquire a maximum of 184,938 shares under the NCIB
  • All common shares acquired will be cancelled
  • E-L Financial Corporation operates as an investment and insurance holding company
  • E-L Financial Corporation Limited (ELF) opened trading at C$908.01 per share

E-L Financial Corporation (ELF) has announced plans to renew its normal course issuer bid.

Purchases under the NCIB will commence on March 9, 2022, and end on March 8, 2023, or when the corporation has purchased the maximum number of shares allowed under the NCIB.

The company may acquire a maximum of 184,938 shares. On any given day during the NCIB, the corporation may purchase up to 1,000 common shares.

In connection with the NCIB, the company has entered into an automatic repurchase plan with its designated broker. All common shares acquired will be cancelled.

The company’s previous NCIB expires on March 8, 2022. Under the previous NCIB, the company purchased an aggregate of 9,800 shares at an average price of $915.73 per share.

E-L Financial Corporation operates as an investment and insurance holding company.

E-L Financial Corporation Limited (ELF) opened trading at C$908.01 per share.

More From The Market Herald
Colliers - CEO, Jay Hennick.

" Colliers (TSX:CIGI) to acquire majority stake in Versus Capital

Colliers (CIGI) will acquire a 75-per-cent stake in alternative investment manager Versus Capital.

" Pentagon I Capital Corp. (TSXV:PNTI.P) closes initial public offering

Pentagon I Capital Corp. (PNTI.P) has completed its initial public offering of 3,000,000 common shares for gross proceeds of $300,000.

" Mobi724 (TSXV:MOS) signs a long-term agreement with CGI

Mobi724 (MOS) has signed a long-term license and support agreement with independent IT and business consulting services firm CGI (TSX:GIB.A).

" Onex (TSX:ONEX) appoints Co-Heads of Onex Credit

Onex (ONEX) has appointed Ronnie Jaber and Sandeep Alva as Co-Heads of Onex Credit.