As of
In deciding to amend its NCIB, the Company believes that, from time to time, the market price of its Class I Shares may not fully reflect the value of its business, and that purchasing its own Class I Shares represents an attractive investment opportunity and desirable use of available funds. The purchase of Class I Shares, at appropriate prices, will also minimize any dilution resulting from the exercise of stock options.
Other than to reflect the increase in the maximum number of Class I Shares that may be repurchased under the NCIB, the automatic securities purchase plan ("ASPP") entered into by the Company with a designated broker remains unchanged. The ASPP allows for the purchase of Class I Shares under the NCIB at times when the Company would ordinarily not be permitted to purchase Class I Shares due to regulatory restrictions or self-imposed blackout periods.
Investor Inquiries:
Senior Vice President, Finance,
(403) 808 2636
colin.jackson@atco.com
Media Inquiries:
Director, Corporate Communications
(587) 228 4571
kurt.kadatz@atco.com
Forward-Looking Information:
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. In particular, forward-looking information in this news release includes references to the Company's intentions regarding its amended NCIB, the purchase of Class I Shares pursuant to the amended NCIB, and amendment of the ASPP in connection with the amended NCIB.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.
The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing market and economic conditions, availability of sellers, changes in laws and regulations and other factors, many of which are beyond the control of the Company.
The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.
Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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