We are UNS
on the tsx
The authorized share capital of Uni-Select is composed of one class of common shares and one class of preferred shares. As at June 30, 2016, there were 42,231,178 common shares of the Corporation issued and outstanding.
Each common share entitles the holder thereof to one vote and to receive dividends in such amounts and payable at such time as the Board of Directors shall determine.
The common shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.
Since 1987, the Corporation has declared quarterly dividends subject to profitability, liquidity requirements to finance growth, the general financial health of the Corporation and other factors determined by the Board of Directors. Uni-Select’s practice has been to declare a dividend at a rate of approximately 20% to 25% of the previous year’s adjusted earnings.
All dividends paid by the Corporation in 2014 and, unless otherwise indicated, all dividends to be paid by the Corporation subsequent to 2014 are designated as eligible dividends for tax purposes. The Corporation does not have a dividend reinvestment plan.
The dividend history below has been adjusted for the following stock splits:
2-for-1 stock split on December 1, 1993;
2-for-1 stock split on May 31, 1999;
2-for-1 stock split on May, 12, 2016.
To complete the financing of the acquisition of Middle Atlantic Warehouse Distributor Inc. (MAWDI) in 2004, Uni-Select issued 1,000,000 common shares to MAWDI’s former owner.
To complete the financing of its FinishMaster acquisition in 2011, the Corporation issued 1,983,750
common shares. Uni-Select also issued convertible unsecured subordinated debentures, which bear
interest at a rate of 5.9% per annum.
The convertible debentures were redeemed by the Corporation on February 2, 2015 for an aggregate principal amount of $51, 750, 000.
Normal Course Issuer Bid
On August 10, 2016, the Board of Directors authorized the renewal of the normal course issuer bid (“Issuer Bid") and the purchase of up to 4.7% of the public float of the Corporation’s common shares as at August 1, 2016.
The Issuer Bid enables the Corporation to purchase – on the open market and through the facilities of the TSX – up to 2,000,000 shares for cancellation. The Issuer Bid expires on August 16, 2017.
common shares repurchased
We’ll email you when they get released.