Canada Goose Announces Renewal of Normal Course Issuer Bid
Canada Goose Holdings Inc. (the ”Company” or “Canada Goose”) (NYSE, TSX: GOOS) today announced that the Toronto Stock Exchange (“TSX”) has approved the renewal of its normal course issuer bid (the “NCIB”).
- Canada Goose Holdings Inc. (the ”Company” or “Canada Goose”) (NYSE, TSX: GOOS) today announced that the Toronto Stock Exchange (“TSX”) has approved the renewal of its normal course issuer bid (the “NCIB”).
- The NCIB as renewed provides for the purchase for cancellation of up to 4,980,505 subordinate voting shares of Canada Goose over the twelve-month period commencing on November 22, 2023 and ending no later than November 21, 2024.
- Canada Goose currently believes that the purchase of the Company’s subordinate voting shares under the NCIB is an appropriate and desirable use of available excess cash on hand, as part of its broader capital allocation strategy.
- Purchases made under an issuer bid exemption order will be at a discount to the prevailing market price as per the terms of the order.