Substantial Issuer Bid definition

Substantial Issuer Bid means the substantial issuer bid to purchase for cancellation up to $15,000,000 principal amount of outstanding Debentures at a purchase price of $1,010 in cash for every $1,000 principal amount of Debentures, plus a payment in respect of all accrued and unpaid interest outstanding on such Debentures in the amount of $15.62 per $1,000 principal amount of Debentures.
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Substantial Issuer Bid has the meaning ascribed thereto in Section 9.1.4.
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Substantial Issuer Bid means an issuer bid, other than a normal course issuer bid, made through the facilities of the Exchange; and
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Examples of Substantial Issuer Bid in a sentence

  • The common shares were available for purchase and cancellation commencing on March 3, 2022 until June 14, 2022 at which time the NCIB was suspended with the launch of the Substantial Issuer Bid (“SIB”).

  • Substantial Issuer Bid On June 21, 2022, the Company commenced a substantial issuer bid in Canada and a Tender Offer in the United States (collectively the “Offer”) to purchase for cancellation up to US $400 million of its common shares.

  • During fiscal 2010, Nordion conducted a Substantial Issuer Bid, repurchasing and cancelling 52,941,176 or 44% of the Company’s Common shares for an aggregate purchase price of $450 million.

  • On December 20, 2019, the Company completed a Substantial Issuer Bid (“SIB”) pursuant to which the Company purchased 4,000,000 of its common shares for cancellation at a set purchase price of $6.50 per common share for a total purchase price of $26,000 in cash.

  • Substantial Issuer Bid On June 21, 2022, the Company commenced a substantial issuer bid in Canada and a Tender Offer in the United States (collectively the “Offer”) to purchase for cancellation up to US$400 million of its common shares.

  • During the third quarter of 2020, the partnership issued 2,696,841 LP units at $12.00/unit, 11,302,690 LP units at $11.36/unit, and 18,715,912 Redeemable/Exchangeable Partnership Units at $12.00/unit to Brookfield Asset Management, primarily in connection with a Substantial Issuer Bid.

  • Summary of share capital On March 29, 2010, the Company completed a Substantial Issuer Bid in which it repurchased and cancelled 52,941,176 Common shares at a purchase price of $8.50 per Common share for a total cost of $450 million.

  • A Substantial Issuer Bid (“SIB”) is a process that allows MDS to buy back its shares from shareholders.

  • During second quarter of 2016, the Company returned capital to participating shareholders by way of a Substantial Issuer Bid (“SIB”) whereby the Company repurchased and cancelled approximately 54.2% of its outstanding shares.

  • For the year ended December 31, 2022, we repurchased for cancellation 10,475,115 Common shares at an average price of $82.01 per share under our normal course issuer bids.2022 Substantial Issuer BidDuring the year ended December 31, 2022, we repurchased for cancellation a total of 11,898,205 Common shares at a price of $95.00 per share for an aggregate purchase price of $1.13 billion under the 2022 Substantial Issuer Bid (“2022 SIB”).


More Definitions of Substantial Issuer Bid

Substantial Issuer Bid means the substantial issuer bid made by Celestica on April 27, 2015 to the holders of its subordinate voting shares pursuant to which Celestica offered to purchase for cancellation up to 29,914,529 of its subordinate voting shares for an aggregate purchase price not to exceed
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Substantial Issuer Bid means the substantial issuer bid made by Celestica on April 27, 2015 to the holders of its subordinate voting shares pursuant to which Celestica offered to purchase for cancellation up to 29,914,529 of its subordinate voting shares for an aggregate purchase price not to exceed $350,000,000;
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Related to Substantial Issuer Bid

  • Substantial Involvement means involvement on the part of the Government. DOE's involvement may include shared responsibility for the performance of the Project; providing technical assistance or guidance which the Applicant is to follow; and the right to intervene in the conduct or performance of the Project. Such involvement will be negotiated with each Applicant prior to signing any agreement.

  • Substantial Owner means any person or persons who own or hold a twenty-five percent (25%) or more percentage of interest in any business entity seeking a FPDCC Privilege, including those shareholders, general or limited partners, beneficiaries and principals; except where a business entity is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor.

  • Substantial disruption means without limitation that any one or more of the following occur as a result of the bullying:

  • Material and substantial disruption of a normal school activity means:

  • Substantial compliance means a level of compliance with these rules where any deficiencies pose no greater risk to resident health or safety than the potential for causing minor harm.