Canada Goose Establishes Automatic Share Purchase Plan
16 September 2021 - 12:45PM
Business Wire
Canada Goose Holdings Inc. (the “Company” or “Canada Goose”)
(NYSE:GOOS, TSX:GOOS) today announced that, in connection with its
previously announced normal course issuer bid (“NCIB”) to purchase
up to 5,943,239 of its subordinate voting shares (“Shares”), it
recently entered into an automatic share purchase plan (“ASPP”)
with the designated broker responsible for the NCIB. The ASPP is
intended to allow for the purchase of Shares under the NCIB at
times when Canada Goose would ordinarily not be permitted to
purchase its securities due to regulatory restrictions and
customary self-imposed blackout periods.
Pursuant to the ASPP, before entering into a blackout period,
the Company may, but is not required to, instruct the designated
broker to make purchases under the NCIB in accordance with certain
purchasing parameters. Such purchases will be made by the
designated broker based on such purchasing parameters, without
further instructions by Canada Goose, in compliance with the rules
of the Toronto Stock Exchange (“TSX”), applicable securities laws
and the terms of the ASPP. The ASPP has been pre-cleared by the TSX
and will be implemented as of today.
Outside of pre-determined blackout periods, Shares may be
purchased under the NCIB based on management’s discretion, in
compliance with TSX rules and applicable securities laws. The NCIB
commenced on August 20, 2021 and will end no later than August 19,
2022. All purchases made under the ASPP will be included in
computing the number of Shares purchased under the NCIB. As of the
date hereof, the Company has purchased 2,815,348 Shares under the
NCIB.
About Canada Goose
Founded in 1957 in a small warehouse in Toronto, Canada, Canada
Goose (NYSE:GOOS, TSX:GOOS) is a lifestyle brand and a leading
manufacturer of performance luxury apparel. Every collection is
informed by the rugged demands of the Arctic, ensuring a legacy of
functionality is embedded in every product from parkas and rainwear
to apparel and accessories. Canada Goose is inspired by relentless
innovation and uncompromised craftsmanship, recognized as a leader
for its Made in Canada commitment. In 2020, Canada Goose announced
HUMANATURE, its purpose platform that unites its sustainability and
values-based initiatives, reinforcing its commitment to keep the
planet cold and the people on it warm. Canada Goose also owns
Baffin, a Canadian designer and manufacturer of performance outdoor
and industrial footwear. Visit www.canadagoose.com for more
information.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements,
including statements relating to the NCIB and the intended purchase
for cancellation of Shares thereunder. These forward-looking
statements generally can be identified by the use of words such as
“anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,”
“forecast,” “may,” “potential,” “project,” “plan,” “would,” “will,”
and other words of similar meaning. Each forward-looking statement
contained in this press release is subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statement. Our business is
subject to substantial risks and uncertainties. Applicable risks
and uncertainties include, among others, the impact of the ongoing
COVID-19 pandemic, and are discussed under the headings “Cautionary
Note regarding Forward-Looking Statements” and “Factors Affecting
our Performance” in our MD&A as well as in our “Risk Factors”
in our Annual Report on Form 20-F for the year ended March 28,
2021. You are also encouraged to read our filings with the SEC,
available at www.sec.gov, and our filings with Canadian securities
regulatory authorities available at www.sedar.com for a discussion
of these and other risks and uncertainties. Investors, potential
investors, and others should give careful consideration to these
risks and uncertainties. We caution investors not to rely on the
forward-looking statements contained in this press release when
making an investment decision in our securities. The
forward-looking statements in this press release speak only as of
the date of this release, and we undertake no obligation to update
or revise any of these statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210916005190/en/
Investors: ir@canadagoose.com
Media: media@canadagoose.com
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