Dominion Lending Centres Announces Block Share Repurchase
Dominion Lending Centres (TSX: DLCG), a leading Canadian mortgage professional franchisor, has announced a significant share repurchase transaction. The company has acquired 709,247 class "A" common shares from a former employee at $8.75 per share, totaling approximately $6.2 million.
The shares were purchased for cancellation under Section 4.7 of National Instrument 62-104 Take-Over Bids and Issuer Bids. CEO Gary Mauris emphasized that this block purchase aligns with the company's capital allocation strategy and demonstrates their commitment to creating shareholder value through dividends and buybacks.
Dominion Lending Centres (TSX: DLCG), importante franchisor canadese di consulenti ipotecari, ha comunicato un'operazione di riacquisto di azioni di rilievo. La societ脿 ha comprato 709.247 azioni ordinarie di classe "A" da un ex dipendente a 8,75 $ per azione, per un importo complessivo di circa 6,2 milioni di dollari.
Le azioni sono state acquistate per cancellazione ai sensi della Sezione 4.7 del National Instrument 62-104 sulle offerte pubbliche di acquisto e sulle offerte dell'emittente. Il CEO Gary Mauris ha sottolineato che questo acquisto a blocco 猫 coerente con la strategia di allocazione del capitale dell'azienda e conferma l'impegno a creare valore per gli azionisti attraverso dividendi e riacquisti.
Dominion Lending Centres (TSX: DLCG), un importante franquiciador canadiense de profesionales hipotecarios, ha anunciado una significativa operaci贸n de recompra de acciones. La compa帽铆a adquiri贸 709.247 acciones ordinarias clase "A" a un exempleado por 8,75 $ por acci贸n, por un total aproximado de 6,2 millones de d贸lares.
Las acciones se compraron para su cancelaci贸n conforme a la Secci贸n 4.7 del National Instrument 62-104 sobre ofertas p煤blicas de adquisici贸n y ofertas del emisor. El CEO Gary Mauris enfatiz贸 que esta compra de paquete se alinea con la estrategia de asignaci贸n de capital de la empresa y demuestra su compromiso con la creaci贸n de valor para los accionistas mediante dividendos y recompras.
Dominion Lending Centres (TSX: DLCG), 旌愲倶雼れ潣 欤检殧 氇赴歆� 鞝勲 頂勲灉彀澊鞝�臧� 欷戩殧頃� 鞛愳偓欤� 毵れ瀰 瓯半灅毳� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 鞝勳 歆侅洂鞙茧攵�韯� 韥措灅鞀� "A" 氤错喌欤� 709,247欤�毳� 欤茧嫻 8.75雼煬鞐� 旆摑頄堨溂氅�, 齑濎暋鞚� 鞎� 620毵� 雼煬鞛呺媹雼�.
頃措嫻 欤检嫕鞚� National Instrument 62-104鞚� 瓿店皽毵れ垬 氚� 氚滍枆鞚� 毵れ垬鞐� 甏�頃� 4.7頃棎 霐半澕 旆唽 氇╈爜鞙茧 毵れ瀰霅橃棃鞀惦媹雼�. CEO Gary Mauris電� 鞚措矆 雽�攴滊 毵れ瀰鞚� 須岇偓鞚� 鞛愲掣 氚半秳 鞝勲灥瓿� 攵�頃╉晿氅� 氚半嫻 氚� 鞛愳偓欤� 毵れ瀰鞚� 韱淀暣 欤检＜ 臧�旃橂ゼ 鞝滉碃頃橂牑電� 鞚橃毳� 氤挫棳欷�雼り碃 臧曥“頄堨姷雼堧嫟.
Dominion Lending Centres (TSX: DLCG), un important franchiseur canadien de professionnels hypoth茅caires, a annonc茅 une op茅ration significative de rachat d'actions. La soci茅t茅 a acquis 709 247 actions ordinaires de classe 芦A禄 aupr猫s d'un ancien employ茅 脿 8,75 $ par action, pour un montant total d'environ 6,2 millions de dollars.
Les actions ont 茅t茅 achet茅es en vue de leur annulation en vertu de l'article 4.7 du National Instrument 62-104 relatif aux offres publiques d'achat et aux offres de l'茅metteur. Le PDG Gary Mauris a soulign茅 que cet achat de bloc s'inscrit dans la strat茅gie d'allocation du capital de la soci茅t茅 et t茅moigne de son engagement 脿 cr茅er de la valeur pour les actionnaires via des dividendes et des rachats.
Dominion Lending Centres (TSX: DLCG), ein f眉hrender kanadischer Franchisegeber f眉r Hypothekenberater, hat eine bedeutende Aktienr眉ckkaufstransaktion angek眉ndigt. Das Unternehmen erwarb 709.247 Stammaktien der Klasse "A" von einem ehemaligen Mitarbeiter zu 8,75 $ pro Aktie, insgesamt rund 6,2 Mio. $.
Die Aktien wurden zur L枚schung gem盲脽 Abschnitt 4.7 des National Instrument 62-104 眉ber 脺bernahme- und Emittentenangebote erworben. CEO Gary Mauris betonte, dass dieser Blockkauf mit der Kapitalallokationsstrategie des Unternehmens 眉bereinstimmt und das Engagement zur Schaffung von Aktion盲rswert durch Dividenden und R眉ckk盲ufe belegt.
- Strategic repurchase of 709,247 shares at $8.75 per share, demonstrating confidence in company value
- Share cancellation will reduce outstanding shares, potentially increasing value for remaining shareholders
- Company maintains ability to return capital through both dividends and buybacks
- Significant cash outlay of $6.2 million for share repurchase
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLC Group" or the "Corporation"), one of Canada's leading franchisors of mortgage professionals and owner of Newton Connectivity Systems, is pleased to announce that it has purchased 709,247 class "A" common shares of the Corporation for a purchase price of
"We are pleased to have the opportunity to purchase a sizable block of shares for cancellation. This transaction aligns with our capital allocation strategy and represents a unique opportunity to create value for our shareholders. As we move forward, we remain focused on the growth of our business while at the same time prudently returning capital to shareholders through both dividends and share buybacks," commented Gary Mauris, Chairman and CEO of DLC Group.
About Dominion Lending Centres Inc.
Dominion Lending Centres Inc. is one of Canada's leading networks of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,500 mortgage professionals and over 500 franchises. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.
Investor Contact:
| Eddy Cocciollo President 647-403-7320 [email protected] | James Bell EVP, Corporate and Chief Legal Officer 403-560-0821 [email protected] | ||
To view the source version of this press release, please visit
FAQ
How many shares did Dominion Lending Centres (DLCG) repurchase in September 2025?
What was the total value of DLCG's September 2025 share repurchase?
What is the purpose of Dominion Lending Centres' share repurchase?
How does DLCG plan to return capital to shareholders?
Under what regulation was DLCG's share repurchase conducted?
