MONTREAL-Gildan announces plans to enter an Automatic Share Purchase Plan (ASPP) with a designated broker. The plan 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.
The company says it established the plan after a previous announcement to buy back shares through private agreements.
The ASPP takes effect March 24, 2017 and has been cleared by the Toronto Stock Exchange (TSX).
For more information, visit http://www.gildan.com/.