1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: In June 2020, the Company’s Board of Directors approved a 12-month extension to its share repurchase program, through June 30, 2021.
+Added: In April 2021, the Company’s Board of Directors approved a 12-month extension to its share repurchase program, through June 30, 2022.
The extension authorized the Company to repurchase up to approximately $89.4 million worth of common shares, the remaining amount available of the original $200.0 million initially authorized under the share-repurchase program when it commenced on July 1, 2017.
−Removed: During the second quarter of 2021, the Company’s Board of Directors approved a further 12-month extension of the current share repurchase program through June 30, 2022.
−Removed: 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.
+Added: The repurchases may be made either in the open market or through private transactions, including repurchases made pursuant 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: The Company did not repurchase any common shares during the three months ended June 30, 2021.
−Removed: As of June 30, 2021, the Company has $89.4 million available under its approved repurchase program.
+Added: During the three months ended September 30, 2021, the Company repurchased 316,812 common shares at an average price of $14.53 per share.
+Added: As of September 30, 2021, the Company has $84.8 million available under its approved repurchase program.
+Added: The Company’s common share repurchase program activity for the three months ended September 30, 2021 was as follows:
+Added: Total number of shares purchased
+Added: Average price paid per share
+Added: Total number of shares purchased as part of publicly announced program
+Added: Maximum value of shares that may yet be purchased under the program
+Added: July 1 through July 31, 2021
+Added: August 1 through August 31, 2021
+Added: September 1 through September 30, 2021
In 2021, IMAX China announced that its shareholders granted its Board of Directors a general mandate authorizing the Board, subject to applicable laws, to repurchase of shares of IMAX China not to exceed 10% of the total number of issued shares as of May 6, 2021 (34,835,824 shares).
2 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: IMAX China did not repurchase any common shares during the three months ended June 30, 2021.
−Removed: The total number of shares purchased during the six months ended June 30, 2021, 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.
−Removed: Amended and Restated By-Law No.
−Removed: 1 of IMAX Corporation, enacted on March 4, 2021.
−Removed: Offer Letter, effective May 14, 2021, between IMAX Corporation and Joseph Sparacio .
−Removed: Form of IMAX Corporation Second Amended and Restated Long-Term Incentive Plan Restricted Stock Unit Award Agreement for Non-employee Directors.
−Removed: Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated July 27, 2021, by Richard L.
−Removed: Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated July 27, 2021, by Joseph Sparacio.
−Removed: Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated July 27, 2021, by Richard L.
−Removed: Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated July 27, 2021, by Joseph Sparacio.
+Added: During the three months ended September 30, 2021, IMAX China repurchased 3,569,000 common shares at an average price of HKD 10.90 per share (U.S.
+Added: $1.40 per share).
+Added: The total number of shares purchased during the nine months ended September 30, 2021, 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: Third Amendment to the Fifth Amended and Restated Credit Agreement, dated as of July 28, 2021.
+Added: Incorporated by reference to Exhibit 10.1 to IMAX Corporation’s Form 8-K dated as of July 28, 2021 (File No.
+Added: Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated October 28, 2021, by Richard L.
+Added: Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated October 28, 2021, by Joseph Sparacio.
+Added: Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated October 28, 2021, by Richard L.
+Added: Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated October 28, 2021, by Joseph Sparacio.
Inline XBRL Instance Document – The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.
6 unchanged sentences
*Filed herewith.
−Removed: + Management contract or compensatory plan, contract or arrangement
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
IMAX CORPORATION
−Removed: July 27, 2021
+Added: October 28, 2021
/s/ JOSEPH SPARACIO
2 unchanged sentences
(Principal Financial Officer)
−Removed: July 27, 2021
+Added: October 28, 2021
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.