Gildan Launches Automatic Share Purchase Plan
Gildan Activewear announces it intends to enter into an automatic share purchase plan (ASPP) with a designated broker.
MONTREAL-Gildan Activewear announces it intends to enter into an automatic share purchase plan (ASPP) with a designated broker. The program allows for the purchase of common shares under the normal course issuer bid (NCIB) at times when the company would “ordinarily not be permitted to purchase its common shares due to regulatory restrictions or self-imposed blackout periods.”
Under the program, Gildan may instruct the designated broker to make purchases under NCIB in accordance with the purchase plan’s terms before entering into a blackout period. In addition to blackout periods, the common shares may be purchased based on the discretion of the company.
The company says the plan is cleared by the Toronto Stock Exchange (TSX) and effective as of March 26.
For more information, visit http://www.gildancorp.com.
