Class A shares and Class B subordinate voting shares purchased under the NCIB will either be (a) cancelled to mitigate the dilutive effect of granting stock options under the Corporation's stock option plan, which are settled with shares issued from treasury, (b) made for the account, and on behalf, of Computershare Trust Company of Canada, as trustee for an employee benefit plans trust account (the "Trust Account"), and used to settle the Corporation's obligations under its employee share-based incentive plans, including its performance share unit plan and its restricted share unit plan (together with (a), "Stock Option and Incentive Plans Grants Management"), or (c) cancelled in order to manage the Corporation's capital position while generating value for its shareholders.
The NCIB will be conducted through the facilities of the TSX or alternative Canadian trading systems, or by exempt offers, private agreements or block purchases. Purchases made on the open market through the facilities of the TSX and alternative Canadian trading systems will be at the prevailing market price at the time of acquisition (plus any brokerage fees). In the event Class A shares or Class B subordinate voting shares are purchased by exempt offers, block purchases or private agreements, the purchase price of such shares may be, and will be in the case of purchases by private agreement, at a discount to the market price of such shares at the time of acquisition, all as may be permitted by the securities regulatory authorities.
The average daily trading volume of the Class A shares and Class B subordinate voting shares on the TSX for the six-month period ended February 28, ...
