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Issuer Purchases of Equity Securities
−Removed: In 2017, the Company’s Board of Directors approved a new $200.0 million share repurchase program for shares of the Company’s common shares.
−Removed: The share repurchase program expires on June 30, 2020.
+Added: In 2017, the Company’s Board of Directors approved a new $200.0 million share repurchase program for shares of the Company’s common shares, that would have expired on, June 30, 2020.
+Added: In June 2020, the Board of Directors approved a 12-month extension of this program which will now expire on June 30, 2021.
The repurchases may be made either in the open market or through private transactions, 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 March 31, 2020, the Company repurchased 2,484,123 shares at an average price of $14.72 per share.
−Removed: As at March 31, 2020, the company has $89.4 million available under its approved repurchase program.
−Removed: The Company’s common share repurchase program activity for the three months ended March 31, 2020 was as follows:
−Removed: Total number of shares purchased
−Removed: Average price paid per share
−Removed: Total number of shares purchased as part of publicly announced program
−Removed: Maximum value of shares that may yet be purchased under the program
−Removed: January 1 through January 31, 2020
−Removed: February 1 through February 29, 2020
−Removed: March 1 through March 31, 2020
+Added: During the three months ended June 30, 2020, the Company did not repurchase any shares under this program.
+Added: As at June 30, 2020, the Company has $89.4 million available under its approved repurchase program.
In 2019, IMAX China announced that its shareholders granted its Board of Directors a general mandate authorizing the Board, subject to applicable laws, to repurchase shares of IMAX China in an amount not to exceed 10% of the total number of issued shares of IMAX China as at June 6, 2019 (35,605,560 shares).
−Removed: The share repurchase program expires on the date of the 2020 annual general meeting of IMAX China.
+Added: This program expired on the date of the 2020 Annual General Meeting of IMAX China on June 11, 2020.
+Added: During the 2020 Annual General Meeting, shareholders approved the repurchase of shares of IMAX China not to exceed 10% of the total number of issued shares as of June 11, 2020 (34,848,398 shares).
+Added: This program will be valid until the 2021 Annual General Meeting of IMAX China.
The repurchases may be made in the open market or through other means permitted by applicable laws.
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: In the three months ended March 31, 2020, IMAX China repurchased 480,600 common shares at an average price of HKD 14.42 per share (U.S.
−Removed: $1.85 per share).
−Removed: The total number of shares purchased during the three months ended March 31, 2020, under both the Company and IMAX China’s repurchase plans, does not include any shares received in the administration of employee share-based compensation plans.
−Removed: First Amending Agreement, dated March 11, 2020, between IMAX Corporation and Robert Lister.
−Removed: Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated April 30, 2020, by Richard L.
−Removed: Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated April 30, 2020, by Patrick McClymont.
−Removed: Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated April 30, 2020, by Richard L.
−Removed: Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated April 30, 2020, by Patrick McClymont.
+Added: In the three and six months ended June 30, 2020, IMAX China repurchased 425,800 and 906,400 common shares, respectively at an average price of HKD 11.63 per share and HKD 13.13 per share, respectively ($1.50 and $1.69 per share, respectively).
+Added: The total number of shares purchased during the three and six months ended June 30, 2020 , under both the Company and IMAX China’s repurchase plans, does not include any shares purchased in the administration of employee share-based compensation plans.
+Added: Employment Agreement, dated October 18, 2018, between IMAX Corporation and Megan Colligan.
+Added: Summary of Employment Arrangement, effective October 3, 2011 between IMAX Corporation and Mark Welton.
+Added: Incorporated by reference to Exhibit 10.38 to IMAX Corporation’s Form 10-Q for the quarter ended September 30, 2011 (File No.
+Added: First Amendment to Fifth Amended and Restated Credit Agreement entered into on June 10, 2020.
+Added: Incorporated by reference to Exhibit 10.1 to IMAX Corporation’s Form 8-K dated as of June 11, 2020 (File No.
+Added: Second Amended and Restated Long-Term Incentive Plan.
+Added: Incorporated by reference to Exhibit 10.1 to IMAX Corporation’s Form 8-K dated as of June 5, 2020 (File No.
+Added: Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated July 28, 2020, by Richard L.
+Added: Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated July 28, 2020, by Patrick McClymont.
+Added: Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated July 28, 2020, by Richard L.
+Added: Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated July 28, 2020, by Patrick McClymont.
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IMAX CORPORATION
−Removed: April 30, 2020
+Added: July 28, 2020
/s/ PATRICK MCCLYMONT
2 unchanged sentences
(Principal Financial Officer)
−Removed: April 30, 2020
+Added: July 28, 2020
Senior Vice-President, Finance & Controller
1 unchanged sentence
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.