Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table provides information about purchases of our common shares during the three months ended September 30, 2024.
+Added: The following table provides information about purchases of our common shares during the three months ended March 31, 2025.
Total Number of Shares Purchased Average Price Paid per Share Total number of shares purchased as part of publicly announced plans or programs Maximum number of shares that may be purchased under the plans or programs
−Removed: July 1, 2024 - July 31, 2024 5,606 (1) $ 24.91 5,606 166,771
−Removed: August 1, 2024 - August 31, 2024 18,840 (1) $ 27.76 18,840 147,931
−Removed: September 1, 2024 - September 30, 2024 490,345 (1) (2) $ 27.61 490,345 361,247 (2)
+Added: January 1, 2025 - January 31, 2025 — $ — — 153,092
+Added: February 1, 2025 - February 28, 2025 23,921 (2) $ 26.96 (3) — —
+Added: March 1, 2025 - March 31, 2025 153,092 (1) $ 21.75 153,092 —
Total 177,013 $ 21.75 153,092 —
−Removed: (1) In 2023, our Board authorized a common share repurchase program (the 2023 Share Repurchase Program), which expired in September 2024, to repurchase up to 5.0% of our total common shares which were issued and outstanding, or 742,134 common shares.
−Removed: We repurchased an aggregate of 165,482 of our common shares outstanding for approximately $4.5 million under the 2023 Share Repurchase Program during the three months ended September 30, 2024.
(1) In September 2024, our Board authorized the repurchase of up to 5% of our total common shares which were issued and outstanding, or 710,556 common shares (the Share Repurchase Program).
−Removed: Under the Share Repurchase Program, we may repurchase shares through open market repurchases, pursuant to a Rule 10b5‑1 compliant plan, or in privately negotiated transactions.
−Removed: The Share Repurchase Program expires 12 months from the date of the first repurchase and was made pursuant to a foreign issuer bid exemption under Canadian securities law, which permits us to make repurchases in excess of 5% (subject to approval by our Board).
−Removed: We repurchased an aggregate of 349,309 of our common shares outstanding for approximately $9.7 million under the 2024 Share Repurchase Program during the three months ended September 30, 2024.
+Added: In March 2025, our Board authorized an increase to the Share Repurchase Program to repurchase up to 10.0% of our total common shares which are issued and outstanding at that date, and in April 2025, our Board authorized a further increase to repurchase up to 20% of our total common shares which are issued and outstanding at that date, or approximately 2,690,000 common shares.
+Added: Under the Share Repurchase Program, we may repurchase shares through a variety of methods, including but not limited to open market repurchases, pursuant to a Rule 10b5‑1 compliant plan, or privately negotiated transactions.
+Added: The Share Repurchase Program does not expire.
+Added: We repurchased an aggregate of 153,092 of our common shares outstanding for approximately $3.3 million under the 2024 Share Repurchase Program during the three months ended March 31, 2025.
+Added: (2) Consists of shares surrendered to us by participants in our 2014 Equity Participation Plan to settle the participants' personal tax liabilities that resulted from the lapsing of restrictions on shares awarded to the participants under the plan.
+Added: (3) The price paid per share was based on the closing price of our common shares on February 25, 2025, the respective date as of which the restrictions lapsed on such shares.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.