- Home Capital Group Inc. (HCG) has announced the preliminary results of a substantial issuer bid to buy and cancel up to $115 million of its common shares
- Home Capital expects to purchase for cancellation 1,547,296 shares at a price of C$28.60 per share, representing approximately 3.87 per cent of the issued and outstanding shares
- The shares expected to be purchased under the bid represent approximately 3.87 per cent of the company’s issued and outstanding shares
- Home Capital Group Inc is a specialty finance company that offers residential and commercial mortgage lending,
- Home Capital Group Inc. (HCG) is up 0.04 per cent, trading at $28.00 per share at 10:30 am ET
Home Capital Group (HCG) has announced the preliminary results of its previously-announced substantial issuer bid.
Home Capital expects to take up and purchase for cancellation 1,547,296 shares at a purchase price of C$28.60 per share.
The offer was made by way of a modified Dutch auction, allowing shareholders to select a price between $25.20 and $28.60 per share.
Based on preliminary results, approximately 1.55 million shares were tendered under the offer.
As the total number of shares tendered was less than the total that could have been purchased under the terms of the offer, all shares tendered will be purchased, and no proration will be required.
Home Capital Group Inc is a specialty finance company that offers residential and commercial mortgage lending.
Home Capital Group Inc. (HCG) is up 0.04 per cent, trading at $28.00 per share at 10:30 am ET.
