Canada Goose Holdings, Inc. announced plans to purchase for cancellation up to 5.42 million subordinate voting shares over a twelve-month period.
The purchases will begin on November 22, 2022 and end no later than November 21, 2023; this represents approximately 10 percent of the 54.2 million subordinate voting shares comprising the public float determined in accordance with TSX requirements at November 10.
Canada Goose currently believes that purchasing the company’s subordinate voting shares under the NCIB is an appropriate and desirable use of available excess cash on hand as part of its broader capital allocation strategy.
Photo courtesy Canada Goose
