Dominion Diamond (DDC) Receives TSX Approval for Stock Buyback Plan
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Dominion Diamond Corporation Confirms Approval of Share Repurchase Program
July 15, 2016 5:00 PM EDTYELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)-- Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the Company or Dominion) announces that the Toronto Stock Exchange (TSX) has approved the Company's previously announced normal course issuer bid to purchase for cancellation up to 6,150,010 common shares, representing approximately 10% of the public float as of July 6, 2016, over a one-year period.
Repurchases under the program may commence on July 20, 2016 and will terminate not later than July 19, 2017. There were 85,335,979 common shares outstanding as at July 6, 2016. Common shares repurchased under the program will be cancelled.
Purchases under the program may be made... More
