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Home Capital Group tender offer oversubscribed


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Home Capital Group tender offer oversubscribed

Toronto-based Home Capital Group Inc. released the final results of its offer to repurchase C$300 million of its common shares.

A total of 18,181,818 common shares were repurchased at C$16.50 apiece and about 26 million shares were properly tendered and not withdrawn. Home Capital Group's total number of issued and outstanding shares is now 62,064,531 after the end of the repurchases under the substantial issuer bid.

As the repurchase offer was oversubscribed, shareholders and purchase price tenders will have around 83% of their successfully tendered shares bought by the company.