3 unchanged sentences
In 2023, the Board of Directors approved a 36-month extension to the share repurchase program through June 30, 2026.
−Removed: As of June 30, 2024, the Company had $150.7 million available under the program.
+Added: As of September 30, 2024, the Company had $150.7 million available under the program.
The repurchases may be made either in the open market or through private transactions, including repurchases made pursuant to a plan intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, subject to market conditions, applicable legal requirements, and other relevant factors.
The Company has no obligation to repurchase shares and the share repurchase program may be suspended or discontinued by the Company at any time.
−Removed: During the three months ended June 30, 2024, the Company repurchased 7,646 common shares at an average price of $14.98 per share for a total of $0.1 million, excluding commission.
−Removed: All share repurchases were made under the Company’s publicly announced program, and there are no other programs under which the Company repurchases shares.
−Removed: The Company’s common share repurchase program activity for the three months ended June 30, 2024 was as follows:
+Added: During the three months ended September 30, 2024, the Company did not repurchase any common shares under the Company’s publicly announced program, and there are no other programs under which the Company repurchases shares.
+Added: The Company’s common share repurchase program activity for the three months ended September 30, 2024 was as follows:
Total number of shares purchased
2 unchanged sentences
Maximum approximate dollar value of shares that may yet be purchased under the program
−Removed: April 1 through April 30, 2024
+Added: July 1 through July 31, 2024
— $ — — $ 150,720,352
−Removed: May 1 through May 31, 2024
+Added: August 1 through August 31, 2024
— — — 150,720,352
−Removed: June 1 through June 30, 2024
+Added: September 1 through September 30, 2024
— — — 150,720,352
6 unchanged sentences
IMAX China has no obligation to repurchase its shares and the share repurchase program may be suspended or discontinued by IMAX China at any time.
−Removed: During the three months ended June 30, 2024, IMAX China repurchased 119,900 ordinary shares at an average price of HKD 7.43 per share ($0.95 per share) for a total of HKD 0.9 million ($0.1 million).
+Added: During the three months ended September 30, 2024, IMAX China did not repurchase any shares.
(Refer to Note 6 of Notes to Condensed Consolidated Financial Statements in Part I, Item 1 for a summary of the material terms and conditions of the Company’s revolving credit facility, which include a limitation of the amount of permitted share repurchases.)
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.