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Home Capital Group Inc (HCG) Com NPV

Sell:16.85 CAD Buy:17.00 CAD Change: 0.13 CAD (0.76%)
Market closed |  Prices as at close on 7 December 2018 | Switch to live prices |
Tender Offer

Home Capital Group Inc Com NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline 14 Dec 2018
Details (last updated 7 Dec 2018)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase Shares for an aggregate purchase price of up to CAD300 million. Home Capital Group Inc holders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to CAD300 million. The Tender Offer is designed so that the Company pays the lowest price at which Shareholders are prepared to tender their Shares.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than CAD16.50 or greater than CAD18.50 (in increments of CAD0.10, e.g. CAD16.50, CAD16.60, CAD16.70, CAD16.80, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to CAD300 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back. For your information at the close of business on 6 December 2018, the Shares had a price of CAD17.15.

 

Please also note that Shareholders with a holding of 99 Shares or less who tender their entire holding will have their instruction to tender treated preferentially under the offer.

Cash in respect of successful tenders will be credited to your Account upon receipt.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between CAD16.50 and CAD18.50 (in increments of CAD0.10). In order to participate in this Tender Offer an election must be received in this office by noon Friday 14 December 2018, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

When giving an election to tender Shares at a specified price using this online facility please specify the price in the additional comments box. Any elections given where a price is not specified will be treated as an instruction to tender at the Purchase Price. 

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

All instructions must be received in this office by noon Friday 14 December 2018.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:16.85 CAD
Buy:17.00 CAD
Change: 0.13 CAD (0.76%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed |  Prices as at close on 7 December 2018 | Switch to live prices |
Tender Offer

Home Capital Group Inc Com NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline 14 Dec 2018
Details (last updated 7 Dec 2018)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase Shares for an aggregate purchase price of up to CAD300 million. Home Capital Group Inc holders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to CAD300 million. The Tender Offer is designed so that the Company pays the lowest price at which Shareholders are prepared to tender their Shares.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than CAD16.50 or greater than CAD18.50 (in increments of CAD0.10, e.g. CAD16.50, CAD16.60, CAD16.70, CAD16.80, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to CAD300 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back. For your information at the close of business on 6 December 2018, the Shares had a price of CAD17.15.

 

Please also note that Shareholders with a holding of 99 Shares or less who tender their entire holding will have their instruction to tender treated preferentially under the offer.

Cash in respect of successful tenders will be credited to your Account upon receipt.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between CAD16.50 and CAD18.50 (in increments of CAD0.10). In order to participate in this Tender Offer an election must be received in this office by noon Friday 14 December 2018, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

When giving an election to tender Shares at a specified price using this online facility please specify the price in the additional comments box. Any elections given where a price is not specified will be treated as an instruction to tender at the Purchase Price. 

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

All instructions must be received in this office by noon Friday 14 December 2018.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:16.85 CAD
Buy:17.00 CAD
Change: 0.13 CAD (0.76%)
Market closed |  Prices as at close on 7 December 2018 | Switch to live prices |
Tender Offer

Home Capital Group Inc Com NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline 14 Dec 2018
Details (last updated 7 Dec 2018)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase Shares for an aggregate purchase price of up to CAD300 million. Home Capital Group Inc holders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to CAD300 million. The Tender Offer is designed so that the Company pays the lowest price at which Shareholders are prepared to tender their Shares.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than CAD16.50 or greater than CAD18.50 (in increments of CAD0.10, e.g. CAD16.50, CAD16.60, CAD16.70, CAD16.80, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to CAD300 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back. For your information at the close of business on 6 December 2018, the Shares had a price of CAD17.15.

 

Please also note that Shareholders with a holding of 99 Shares or less who tender their entire holding will have their instruction to tender treated preferentially under the offer.

Cash in respect of successful tenders will be credited to your Account upon receipt.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between CAD16.50 and CAD18.50 (in increments of CAD0.10). In order to participate in this Tender Offer an election must be received in this office by noon Friday 14 December 2018, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

When giving an election to tender Shares at a specified price using this online facility please specify the price in the additional comments box. Any elections given where a price is not specified will be treated as an instruction to tender at the Purchase Price. 

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

All instructions must be received in this office by noon Friday 14 December 2018.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
17.06 CAD
Trade high:
17.30 CAD
Year high:
18.63 CAD
Market capitalisation
Market cap.
:
1.36 bn CAD
Previous close:
17.05 CAD
Trade low:
16.82 CAD
Year low:
12.48 CAD
Shares in issue
Shares
:
80.25 m
Previous:
0.20 CAD (1.16%)
Previous:
0.20 CAD
Volume:
n/a
Dividend yield:
n/a
Currency:
CAD
Data delayed by at least 15 minutes.
* UK residents can qualify for a reduced rate of Canadian tax on dividends and interest. In order to claim this reduced rate on your behalf we require you to sign and return a W-8BEN form. W-8BEN.

Fundamental data

Year ending: 31/12/2017 31/12/2016
Revenue (CADm) 376.39 583.05
Profit before tax (CADm) 8.91 335.13
Adjusted EPS (¤): 10.00 371.00
P/E ratio 171.20 8.40
PEG n/a n/a
EPS growth (%) (97.00) (10.00)
Total dividend (CAD): 0.00 0.00
Dividend yield (%): 1.50 3.10
Dividend cover: 0.38 3.79

Values are quoted in the stock's local currency: Canadian dollars

All fundamental data

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Important Documents

There are no documents available for this stock.

Dividend information for this stock is not available.

Five years' total annual Home Capital Group Inc dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/12/2017 1.50% 0.38 n/a
31/12/2016 3.10% 3.79 n/a
31/12/2015 3.30% 4.68 n/a
31/12/2014 1.50% 5.91 n/a
31/12/2013 1.30% 6.89 n/a

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Reuters. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look. Exchange disclaimer
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.