Skip to main content

Sagicor Financial Company Ltd(SFC-T)
TSX

Today's Change
Real-Time Last Update

Sagicor Financial Company Ltd. Renews its Normal Course Issuer Bid

Newswire.ca - Thu Jun 22, 2023

TORONTO and BARBADOS, June 22, 2023 /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) ("Sagicor" or "Company") today announced that the Toronto Stock Exchange (the "TSX") has accepted Sagicor's notice of intention to renew its normal course issuer bid ("NCIB") through which Sagicor may purchase up to 8,840,727 of Sagicor's common shares (the "NCIB Shares") during the 12-month period commencing June 24, 2023 and ending June 23, 2024. The number of shares authorized for purchase represents 10 percent of the public float. Sagicor had 142,564,230 issued and outstanding common shares ("Common Shares") as of June 14, 2023. Under the NCIB, purchases may be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems at the market price at the time of acquisition, as well as by other means as may be permitted by TSX rules and applicable securities laws. However, Sagicor may establish a maximum price and/or maximum block trade size from time to time.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe

inside the market
Short sales on the TSX: What bearish investors are betting against
Larry MacDonald