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Home Capital Group Inc (HCG) Com NPV

Sell:40.85 CAD Buy:40.91 CAD Change: 0.41 CAD (1.01%)
Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Home Capital Group Inc Com NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 9 Dec 2021)

What is happening?

 

Home Capital plc wants to return up to CAD300 million to shareholders. To do this the company is offering to buy its shares at a price between CAD43.50 and CAD48.50.

 

Please see below for a breakdown of the Tender Offer:

 

 You can ask to sell (tender) some or all of your shares at a specific price which is not less than CAD43.50, or greater than CAD48.50 (in increments of CAD0.10, e.g. CAD43.50, CAD43.60, CAD43.70, CAD43.80, etc.) Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

 The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to CAD300 million.

 

 If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

 If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

 

 Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer. 

 

 Non-Canadian resident shareholders who sell shares in the offer may receive some of the proceeds as income, subject to Canadian Withholding Tax. We cannot confirm how much of the proceeds may be treated as income.

 

 Any proceeds will be converted to USD by CREST and then to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Tender shares – Act by noon on Wednesday 15 December 2021

 

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:40.85 CAD
Buy:40.91 CAD
Change: 0.41 CAD (1.01%)
Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Home Capital Group Inc Com NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 9 Dec 2021)

What is happening?

 

Home Capital plc wants to return up to CAD300 million to shareholders. To do this the company is offering to buy its shares at a price between CAD43.50 and CAD48.50.

 

Please see below for a breakdown of the Tender Offer:

 

 You can ask to sell (tender) some or all of your shares at a specific price which is not less than CAD43.50, or greater than CAD48.50 (in increments of CAD0.10, e.g. CAD43.50, CAD43.60, CAD43.70, CAD43.80, etc.) Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

 The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to CAD300 million.

 

 If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

 If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

 

 Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer. 

 

 Non-Canadian resident shareholders who sell shares in the offer may receive some of the proceeds as income, subject to Canadian Withholding Tax. We cannot confirm how much of the proceeds may be treated as income.

 

 Any proceeds will be converted to USD by CREST and then to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Tender shares – Act by noon on Wednesday 15 December 2021

 

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:40.85 CAD
Buy:40.91 CAD
Change: 0.41 CAD (1.01%)
Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Home Capital Group Inc Com NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 9 Dec 2021)

What is happening?

 

Home Capital plc wants to return up to CAD300 million to shareholders. To do this the company is offering to buy its shares at a price between CAD43.50 and CAD48.50.

 

Please see below for a breakdown of the Tender Offer:

 

 You can ask to sell (tender) some or all of your shares at a specific price which is not less than CAD43.50, or greater than CAD48.50 (in increments of CAD0.10, e.g. CAD43.50, CAD43.60, CAD43.70, CAD43.80, etc.) Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

 The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to CAD300 million.

 

 If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

 If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender.

 

 Shareholders holding 99 shares or less who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer. 

 

 Non-Canadian resident shareholders who sell shares in the offer may receive some of the proceeds as income, subject to Canadian Withholding Tax. We cannot confirm how much of the proceeds may be treated as income.

 

 Any proceeds will be converted to USD by CREST and then to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Tender shares – Act by noon on Wednesday 15 December 2021

 

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.

×
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.

Business summary

Home Capital Group Inc. is a Canada-based holding company that operates through its subsidiary, Home Trust Company (Home Trust), which offers residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending includes credit card and line of credit lending and other consumer retail lending. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.

Contact details

Address:
Suite 2300, 145 King Street West
TORONTO
M5H 1J8
Canada
Telephone:
+1 (416) 3604663
Website:
www.homecapital.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
HCG
ISIN:
CA4369131079
Market cap:
2.04 billion CAD
Shares in issue:
50.39 million
Sector:
Thrifts & Mortgage Finance
Exchange:
Toronto Stock Exchange
Country:
Canada
Currency:
Canadian dollars
Indices:
n/a

Key personnel

  • Yousry Bissada
    President, Chief Executive Officer, Director
  • Bradley Kotush
    Chief Financial Officer, Executive Vice President
  • Victor DiRisio
    Executive Vice President, Chief Information Officer
  • David Cluff
    Executive Vice President, Chief Risk Officer
  • Ed Karthaus
    Executive Vice President
  • Benjamin Katchen
    Executive Vice President - Consumer Banking and Corporate Strategy
  • Santokh Birk
    Senior Vice President - Finance, Chief Accounting Officer
  • John Hong
    Senior Vice President, Chief Compliance Officer, Chief Anti-Money Laundering Officer
  • Amy Bruyea
    Senior Vice President - Human Resources
  • Liane Kim
    Senior Vice President - Internal Audit

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. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Share

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'.