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Retail Supplier Holding Co. To Make Normal Course Issuer Bid (Share Repurchase)
January 30,2018 Crius Energy Trust (TSX: KWH.UN) (the "Trust" or "Crius") today announced its intention to implement a normal course issuer bid program to purchase for cancellation, from time to time over a 12-month period, trust units of the Trust ("Trust Units") listed on the Toronto Stock Exchange ("TSX") in an aggregate amount of up to 10% of the public float of the Trust (the "NCIB Program"). The commencement of the NCIB Program is subject to TSX approval. Any repurchases under the NCIB Program will be made in Canada through the facilities of the TSX. Crius will pay the prevailing market price at the time of purchase. The actual number of Trust Units repurchased under the NCIB Program and the timing of such repurchases will be at Crius' discretion and shall be subject to the limitations set out in the TSX Company Manual. "The board of directors of Crius Energy Administrator Inc., in its capacity as administrator for and on behalf of the Trust, believes that the underlying value of the Trust may not be reflected in the market price of the Trust Units from time to time and that, accordingly, the purchase of Trust Units will increase the proportionate interest in the Trust of, and be advantageous to, all remaining unitholders of the Trust," the Trust said As of January 29, 2018, there were 57,030,067 Trust Units issued and outstanding, and the Trust had a public float of 44,255,570 Trust Units.
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