Dominion Lending Centres Establishes Automatic Share Purchase Plan
14 Juin 2022 - 7:53PM
Dominion Lending Centres Inc. (TSX:DLCG) (“DLC” or the
“Corporation”) today announced that, in connection with its
previously announced normal course issuer bid (“NCIB”) to purchase
up to 1,200,000 of its class “A” common shares (“Common Shares”),
it recently entered into an automatic share purchase plan (“ASPP”)
with the designated broker responsible for the NCIB. The ASPP is
intended to allow for the purchase of Common Shares under the NCIB
at times when DLC would ordinarily not be permitted to purchase its
securities due to regulatory restrictions and customary
self-imposed blackout periods.
Pursuant to the ASPP, before entering into a
blackout period, the Corporation may, but is not required to,
instruct the designated broker to make purchases under the NCIB in
accordance with certain purchasing parameters. Such purchases will
be made by the designated broker based on such purchasing
parameters, without further instructions by DLC, in compliance with
the rules of the Toronto Stock Exchange (“TSX”), applicable
securities laws and the terms of the ASPP. The ASPP has been
pre-cleared by the TSX and will be implemented as of today.
Outside of pre-determined blackout periods,
Common Shares may be purchased under the NCIB based on management’s
discretion, in compliance with TSX rules and applicable securities
laws. The NCIB commenced on May 27, 2022 and will end no later than
May 26, 2023. All purchases made under the ASPP will be included in
computing the number of Common Shares purchased under the NCIB. As
of the date hereof, the Corporation has purchased 29,725 Common
Shares under the NCIB.
About Dominion Lending Centres
Inc.
The DLC Group is Canada’s leading network of
mortgage professionals. The DLC Group operates through Dominion
Lending Centres and its three main subsidiaries, MCC Mortgage
Centre Canada Inc., MA Mortgage Architects Inc. and Newton
Connectivity Systems Inc., and has operations across Canada. The
DLC Group’s extensive network includes ~7,750 agents and 530
locations. Headquartered in British Columbia, the DLC Group was
founded in 2006 by Gary Mauris and Chris Kayat.
Contact information for the Corporation is as
follows:
James BellCo-President403-560-0821jbell@dlcg.ca |
Robin BurpeeCo-Chief Financial
Officer403-455-9670rburpee@dlcg.ca |
Amar LeekhaSr. Vice-President, Capital
Markets403-455-6671aleekha@dlcg.ca |
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