Business Context and Reporting Period
Company: Canadian Pacific Railway Limited (CP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: August 11, 2015
Context: This filing serves as a Notice of Private Agreement Purchase regarding a share repurchase transaction executed under a Normal Course Issuer Bid.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a specific capital transaction.
| Metric | Value |
|---|---|
| Transaction Date | August 10, 2015 |
| Shares Purchased | 250,000 Common Shares |
| Aggregate Purchase Price | C$47,552,150 |
| Counterparty | Arm's length third-party seller shareholder |
Material Changes
The material change reported is the reduction of the company's outstanding share count through the purchase and subsequent cancellation of 250,000 Common Shares. This transaction was conducted pursuant to an exemption order granted by the Ontario Securities Commission on July 31, 2015.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is a regulatory notification of a completed share buyback.
Key Facts for Investor Verification
- Verify the impact of the 250,000 share cancellation on the total outstanding share count and earnings per share.
- Confirm the remaining balance of shares authorized for purchase under the current Normal Course Issuer Bid.
- Review the Ontario Securities Commission exemption order dated July 31, 2015, to understand the regulatory framework for this private agreement.