Dentalcorp Announces Normal Course Issuer Bid
Under the NCIB,
The NCIB will be conducted in accordance with TSX rules and policies through the facilities of the TSX and through alternative Canadian trading systems, if eligible. The price that
In connection with the NCIB, the Company has entered into an issuer automatic purchase plan agreement (the “Plan”) with an independent designated broker (the “Broker”) responsible for making purchases of Subordinate Voting Shares pursuant to the Plan. Under the Plan, the Broker will have sole discretion to purchase Subordinate Voting Shares pursuant to the NCIB during trading black-out periods established under the Company’s Insider Trading Policy, subject to the price limitations and other terms of the Plan and the rules of the TSX. The Company may instruct the Broker to make specific purchases and suspend or terminate the Plan, provided in each case that the Company certifies to the Broker that it is not in possession of any material undisclosed information and such request is otherwise in compliance with the terms of the Plan.
Under the Company’s previous NCIB that expired on
About Forward-Looking Information
Certain statements in this news release, other than statements of historical fact, are forward-looking based on certain assumptions and reflect the Company’s current expectations. Forward-looking information includes, but is not limited to, statements about the Company’s objectives and strategies to achieve those objectives, beliefs, plans, expectations, anticipations, estimates, or intentions. Forward-looking information includes words like “could”, “expect”, “may”, “will”, “anticipate”, “assume”, “believe”, “intend”, “estimate”, “plan”, “project”, “guidance”, “outlook”, “target”, and similar expressions suggesting future outcomes or events. The forward-looking information in this news release includes, but is not limited to, statements related to the Company’s intention to commence the NCIB and the timing and quantity of any purchases of Subordinate Voting Shares under the NCIB and the Plan.
Forward-looking statements are necessarily based upon management’s perceptions of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by management as of the date on which the statements are made, are inherently subject to significant business, economic and competitive uncertainties and contingencies which could result in actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements.
Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of known and unknown risk factors, many of which are beyond the control of the Company and could cause actual results to differ materially from the forward-looking statements. Such risks include, but are not limited to, the Company's potential inability to successfully execute its growth strategy and complete additional acquisitions; its dependence on the integration and success of its acquired dental practices; the potential adverse effect of acquisitions on its operations; its dependence on the parties with which the Company has contractual arrangements and obligations; changes in relevant laws, governmental regulations and policy and the costs incurred in the course of complying with such changes; competition in the dental industry; increases in operating costs; the risk of difficulty complying with public company reporting obligations; and the risk of a failure in internal controls and other factors described under “Risk Factors” in the Company’s most recent Management’s Discussion and Analysis and Annual Information Form, filed with the securities regulatory authorities in
Accordingly, we warn readers to exercise caution when considering statements containing forward-looking information and caution them that it would be unreasonable to rely on such statements as creating legal rights regarding the Company’s future results or plans. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including, without limitation, the availability of cash for repurchases of outstanding Subordinate Voting Shares under the NCIB, the existence of alternative uses for the Company’s cash resources which may be superior to effecting repurchases under the NCIB, compliance by third parties with their contractual obligations, compliance with applicable laws and regulations pertaining to the NCIB, management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While the Company considers these assumptions to be reasonable based on information currently available to management, they may prove to be incorrect. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information or the factors or assumptions underlying them, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20240829334884/en/
For investor inquiries, please contact:
Investor Relations
Senior Director, Corporate Finance
nick.xiang@dentalcorp.ca
Media
Vice President, Corporate Communications
sebastien.bouchard@dentalcorp.ca
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