Dominion Lending Centres Announces Block Share Repurchase
Dominion Lending Centres (TSX: DLCG), a leading Canadian mortgage professional franchisor, has announced a significant share repurchase transaction. The company has acquired 709,247 class "A" common shares from a former employee at $8.75 per share, totaling approximately $6.2 million.
The shares were purchased for cancellation under Section 4.7 of National Instrument 62-104 Take-Over Bids and Issuer Bids. CEO Gary Mauris emphasized that this block purchase aligns with the company's capital allocation strategy and demonstrates their commitment to creating shareholder value through dividends and buybacks.
Dominion Lending Centres (TSX: DLCG), importante franchisor canadese di consulenti ipotecari, ha comunicato un'operazione di riacquisto di azioni di rilievo. La società ha comprato 709.247 azioni ordinarie di classe "A" da un ex dipendente a 8,75 $ per azione, per un importo complessivo di circa 6,2 milioni di dollari.
Le azioni sono state acquistate per cancellazione ai sensi della Sezione 4.7 del National Instrument 62-104 sulle offerte pubbliche di acquisto e sulle offerte dell'emittente. Il CEO Gary Mauris ha sottolineato che questo acquisto a blocco è coerente con la strategia di allocazione del capitale dell'azienda e conferma l'impegno a creare valore per gli azionisti attraverso dividendi e riacquisti.
Dominion Lending Centres (TSX: DLCG), un importante franquiciador canadiense de profesionales hipotecarios, ha anunciado una significativa operación de recompra de acciones. La compañía adquirió 709.247 acciones ordinarias clase "A" a un exempleado por 8,75 $ por acción, por un total aproximado de 6,2 millones de dólares.
Las acciones se compraron para su cancelación conforme a la Sección 4.7 del National Instrument 62-104 sobre ofertas públicas de adquisición y ofertas del emisor. El CEO Gary Mauris enfatizó que esta compra de paquete se alinea con la estrategia de asignación de capital de la empresa y demuestra su compromiso con la creación de valor para los accionistas mediante dividendos y recompras.
Dominion Lending Centres (TSX: DLCG), 캐나다의 주요 모기지 전문 프랜차이저가 중요한 자사주 매입 거래를 발표했습니다. 회사는 전직 직원으로부터 클래스 "A" 보통주 709,247주를 주당 8.75달러에 취득했으며, 총액은 약 620만 달러입니다.
해당 주식은 National Instrument 62-104의 공개매수 및 발행인 매수에 관한 4.7항에 따라 취소 목적으로 매입되었습니다. CEO Gary Mauris는 이번 대규모 매입이 회사의 자본 배분 전략과 부합하며 배당 및 자사주 매입을 통해 주주 가치를 제고하려는 의지를 보여준다고 강조했습니다.
Dominion Lending Centres (TSX: DLCG), un important franchiseur canadien de professionnels hypothécaires, a annoncé une opération significative de rachat d'actions. La société a acquis 709 247 actions ordinaires de classe «A» auprès d'un ancien employé à 8,75 $ par action, pour un montant total d'environ 6,2 millions de dollars.
Les actions ont été achetées en vue de leur annulation en vertu de l'article 4.7 du National Instrument 62-104 relatif aux offres publiques d'achat et aux offres de l'émetteur. Le PDG Gary Mauris a souligné que cet achat de bloc s'inscrit dans la stratégie d'allocation du capital de la société et témoigne de son engagement à créer de la valeur pour les actionnaires via des dividendes et des rachats.
Dominion Lending Centres (TSX: DLCG), ein führender kanadischer Franchisegeber für Hypothekenberater, hat eine bedeutende Aktienrückkaufstransaktion angekündigt. Das Unternehmen erwarb 709.247 Stammaktien der Klasse "A" von einem ehemaligen Mitarbeiter zu 8,75 $ pro Aktie, insgesamt rund 6,2 Mio. $.
Die Aktien wurden zur Löschung gemäß Abschnitt 4.7 des National Instrument 62-104 über Übernahme- und Emittentenangebote erworben. CEO Gary Mauris betonte, dass dieser Blockkauf mit der Kapitalallokationsstrategie des Unternehmens übereinstimmt und das Engagement zur Schaffung von Aktionärswert durch Dividenden und Rückkäufe belegt.
- Strategic repurchase of 709,247 shares at $8.75 per share, demonstrating confidence in company value
- Share cancellation will reduce outstanding shares, potentially increasing value for remaining shareholders
- Company maintains ability to return capital through both dividends and buybacks
- Significant cash outlay of $6.2 million for share repurchase
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLC Group" or the "Corporation"), one of Canada's leading franchisors of mortgage professionals and owner of Newton Connectivity Systems, is pleased to announce that it has purchased 709,247 class "A" common shares of the Corporation for a purchase price of
"We are pleased to have the opportunity to purchase a sizable block of shares for cancellation. This transaction aligns with our capital allocation strategy and represents a unique opportunity to create value for our shareholders. As we move forward, we remain focused on the growth of our business while at the same time prudently returning capital to shareholders through both dividends and share buybacks," commented Gary Mauris, Chairman and CEO of DLC Group.
About Dominion Lending Centres Inc.
Dominion Lending Centres Inc. is one of Canada's leading networks of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,500 mortgage professionals and over 500 franchises. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.
Investor Contact:
| Eddy Cocciollo President 647-403-7320 eddy@dlc.ca | James Bell EVP, Corporate and Chief Legal Officer 403-560-0821 jbell@dlcg.ca | ||
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265946
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