Shaw Communications Inc. Buyback
OLI recorded this information on 11/2/2020
Company:
Shaw Communications Inc.
Buyback:
SJR buyback
Share Amount Authorized:
24,532,404
Buyback Details:
Shaw Communications Inc. ("Shaw") announced today that it has received approval from the Toronto Stock Exchange ("TSX") to establish a normal course issuer bid ("NCIB") program to purchase its Class B Non-Voting Participating Shares (the "Class B Shares") through the facilities of the TSX and eligible alternative Canadian trading systems for a one year period. Shaw's NCIB will expire on November 4, 2021, in accordance with the rules of the TSX. As approved by the TSX, during the period from November 5, 2020 to November 4, 2021, Shaw is authorized to purchase for cancellation up to 24,532,404 Class B Shares, representing approximately 5% of all of the issued and outstanding Class B Shares. A total of 490,648,083 Class B Shares of Shaw were issued and outstanding as at October 22, 2020.
Shaw Communications is a connectivity company. Co. provides cable telecommunications, satellite video services and data networking to residential customers, businesses and public-sector entities (Wireline); and wireless services for voice and data communications (Wireless). The Wireline division consists of Consumer and Business services. Consumer serves residential customers with broadband Internet, Shaw Go WiFi, Video, and digital Phone. Business provides business customers with Internet, data, WiFi, digital Phone, and Video services. The Wireless division provides wireless voice and LTE data services.
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Avg. Broker Rec.
  
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Hold (2.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: SJR Stock Forecast Based on Zacks ABR data; powered by Xignite |
