Caldwell Partners Initiates Normal Course Issuer Bid Approved by TSX

Caldwell Partners International Inc. reported the approval from the Toronto Stock Exchange for a normal course issuer bid. The plan is to buy up to 2,370,191 common shares, equating to 10% of its public float. These transactions, starting January 29, 2025, will utilize TSX channels or Canadian alternative systems, based on market conditions and prices.

Beacon Securities Ltd. will execute the purchases. Caldwell aims to improve shareholder value by repurchasing shares at a discount, minimizing potential dilution from future stock issuances. The firm can make purchases under specific rules, with a daily cap of 2,300 shares, though one significant weekly purchase is permitted.

An Automatic Securities Purchase Plan allows share transactions even during blackout periods. Each purchase contributes to the issuer bid's goals, contingent on management's discretion and market factors. The primary aim is to enhance long-term shareholder interests.