Stock BuybacksBy The Online Investor Staff, updated Wed., Sep. 23, 10:46 PM
|This Slide: #9 of 25|
Slide #9. TWC Enterprises Limited
TWC Enterprises Limited (TSE:TWC.CA)
Share Amount Authorized:
TWC Enterprises Limited ("TWC") today announced that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by TWC of its intention to make a normal course issuer bid through the facilities of the TSX or alternative Canadian trading systems. The notice provides that TWC may, during the twelve-month period commencing September 20, 2020 and ending September 19, 2021 purchase up to 1,271,392 common shares ("Common Shares") in total, being approximately 5% of the issued and outstanding Common Shares. The price that TWC will pay for any such Common Shares will be the market price at the time of acquisition. Management of TWC will determine the actual number of Common Shares that may be purchased and the timing of any such purchases.
TWC Enterprises is engaged in golf club and resort operations under the trademark "ClubLink One Membership More Golf ". Co. operates golf clubs with 48.5, 18-hole equivalent championship and six 18-hole equivalent academy courses, at 41 locations in Ontario, Quebec and Florida. Co. is also engaged in rail, tourism and port operations based in Alaska which operate under the trade name of "White Pass & Yukon Route". This includes a tourist railway stretching approx. 177 kms. from Skagway, Alaska through British Columbia to Whitehorse, Yukon. There are approx. 110 kms. of the railway in active service. In addition, White Pass operates three docks in Alaska.
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