TORONTO, Oct. 03, 2022 (GLOBE NEWSWIRE) — Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) (“Colliers”) introduced right now that it has established an automated share buy plan (“ASPP”) in reference to its beforehand introduced regular course issuer bid (the “NCIB”) relevant to its excellent subordinate voting shares (the “Subordinate Voting Shares”). The ASPP is meant to permit for the acquisition of Subordinate Voting Shares below the NCIB at occasions when Colliers would ordinarily not be permitted to buy its securities as a consequence of regulatory restrictions and customary self-imposed blackout durations.
Pursuant to the ASPP, purchases might be made by Colliers’ designated dealer primarily based on pre-established buying parameters, with out additional directions by Colliers, in compliance with the foundations of the Toronto Stock Exchange (“TSX”), relevant securities legal guidelines and the phrases of the ASPP. The ASPP has been pre-cleared by the TSX and might be applied starting on October 3, 2022 and, if not terminated sooner primarily based on the phrases of the ASPP, will terminate on October 28, 2022.
The NCIB commenced on July 20, 2022 and can finish not later than July 19, 2023. All purchases made below the ASPP might be included in computing the variety of Subordinate Voting Shares bought below the NCIB.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a number one diversified skilled companies and funding administration firm. With operations in 63 nations, our 17,000 enterprising professionals work collaboratively to supply professional actual property and funding recommendation to purchasers. For greater than 27 years, our skilled management with important inside possession has delivered compound annual funding returns of 20% for shareholders. With annual revenues of $4.5 billion and $81 billion of belongings below administration, Colliers maximizes the potential of property and actual belongings to speed up the success of our purchasers, our traders, and our folks. Learn extra at company.colliers.com, Twitter @Colliers or LinkedIn.
Forward-looking Statements
This press launch consists of forward-looking statements. Forward-looking statements embrace the Company’s monetary efficiency outlook and statements concerning objectives, beliefs, methods, aims, plans or present expectations. These statements contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes to be materially completely different from any future outcomes, efficiency or achievements contemplated within the forward-looking statements. Such components embrace: financial circumstances, particularly as they relate to business and shopper credit score circumstances and shopper spending, notably in areas the place our business could also be concentrated; business actual property property values, emptiness charges and normal circumstances of monetary liquidity for actual property transactions; traits in pricing and threat assumption for business actual property companies; the impact of great actions in common capitalization charges throughout completely different property sorts; a discount by corporations of their reliance on outsourcing for his or her business actual property wants, which might have an effect on revenues and working efficiency; competitors within the markets served by the Company; the flexibility to draw new purchasers and to retain main purchasers and renew associated contracts; the flexibility to retain and incentivize producers; will increase in wage and profit prices; the consequences of adjustments in rates of interest on the price of borrowing; surprising will increase in working prices, comparable to insurance, employees’ compensation and well being care; adjustments within the frequency or severity of insurance incidents relative to historic expertise; the consequences of adjustments in overseas change charges in relation to the US greenback on the Company’s Canadian greenback, Euro, Australian greenback and UK pound sterling denominated revenues and bills; the affect of pandemics on consumer demand for the Company’s companies, the flexibility of the Company to ship its companies and the well being and productiveness of its workers; the affect of worldwide local weather change; the affect of political occasions together with elections, referenda, commerce coverage adjustments, immigration coverage adjustments, hostilities and terrorism on the Company’s operations; the flexibility to determine and make acquisitions at affordable costs and efficiently combine acquired operations; the flexibility to execute on, and adapt to, info know-how methods and traits; the flexibility to adjust to legal guidelines and rules associated to our world operations, together with actual property and mortgage banking licensure, labour and employment legal guidelines and rules, in addition to the anti-corruption legal guidelines and commerce sanctions; and adjustments in authorities legal guidelines and insurance policies on the federal, state/provincial or native stage that will adversely affect the business.
Additional info and threat components are recognized within the Company’s different periodic filings with Canadian and US securities regulators (which components are adopted herein and a replica of which may be obtained at www.sedar.com). Forward trying statements contained on this press launch are made as of the date hereof and are topic to vary. All forward-looking statements on this press launch are certified by these cautionary statements. Except as required by relevant regulation, Colliers undertakes no obligation to publicly replace or revise any forward-looking assertion, whether or not on account of new info, future occasions or in any other case.
COMPANY CONTACTS:
Christian Mayer
CFO
(416) 960-9500
