Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Other

RICHARDS GROUP INC. ANNOUNCES NORMAL COURSE ISSUER BID

By The Northwire Desk — AI Analysis Dec 24, 2025 · 10:16 RIC · 11.72 RICHARDS GROUP INC UNIT
RIC · Price

Executive Summary

  • Richards Group Inc. announced a normal course issuer bid to purchase up to 770,000 shares (~10% of the public float).
  • The bid will run from December 31 2025 to no later than December 30 2026, with daily purchase limits based on average trading volume.
  • All acquired shares will be cancelled, and the directors consider the repurchase an appropriate use of available funds.

Key Details

  • Target Shares: Up to 770,000 shares, representing approximately 10% of the issued and outstanding shares (11,418,014 total).
  • Bid Period: Commences December 31 2025; terminates no later than December 30 2026.
  • Daily Purchase Limit: Maximum of 2,158 shares per trading day (based on average daily volume of 8,632 over the six months ended November 30 2025).
  • Purchase Mechanism: Executed through Toronto Stock Exchange and alternative Canadian trading systems; utilizes an automatic securities purchase plan.
  • Share Cancellation: All purchased shares will be cancelled upon acquisition.
  • Regulatory Framework: Purchases made in accordance with TSX rules and the exchange’s block‑purchase exemption where applicable.
  • Director Rationale: Directors deem the repurchase a desirable use of available funds.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from RICHARDS GROUP INC UNIT

May 04, 2026 · 07:01

Richards Group Inc.

Earnings Apr 30, 2026 · 18:01

Richards Group Acquires CPG Assets to Diversify Revenue Stream Amidst Margin Pressure

M&A / Property Mar 16, 2026 · 08:28

Richards Group Inc. files Audited Financial Statements for the Year Ended December 31, 2025

Earnings Mar 06, 2026 · 19:55

Richards Group Inc. announces unaudited 2025 Results: Revenue growth of 5.5% primarily on acquisitions; new segmented reporting for Healthcare and Packaging

Earnings Dec 11, 2025 · 21:27

Richards Packaging holders OK conversion to corporation

M&A / Property