Business Context and Reporting Period
Company: Canadian Pacific Railway Limited (CP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: July 30, 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 |
|---|---|
| Shares Purchased | 250,000 Common Shares |
| Aggregate Purchase Price | C$47,802,050 |
| Transaction Type | Private agreement with arm's length third party |
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. These shares are counted towards the company's current Normal Course Issuer Bid.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The transaction was executed pursuant to an exemption order granted by the Ontario Securities Commission on June 16, 2015, exempting CP from specific sections of the Ontario Securities Act.
Key Facts for Investor Verification
- Verify the total number of shares remaining under the current Normal Course Issuer Bid following this purchase.
- Confirm the average price per share (approximately C$191.21) against market prices on July 30, 2015.
- Ensure the shares purchased were officially cancelled as stated in the notice.
- Review the Ontario Securities Commission exemption order dated June 16, 2015, for compliance details.