Business Context and Reporting Period
Company: Canadian Pacific Railway Limited (CP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: August 17, 2015 (Filed August 18, 2015)
Context: Notice of a private agreement purchase of common shares under a Normal Course Issuer Bid.
Key Financial Metrics
This filing does not report standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. It solely discloses a specific share repurchase transaction.
| Transaction Detail | Value |
|---|---|
| Shares Purchased | 250,000 Common Shares |
| Aggregate Purchase Price | C$46,903,725 |
| Price Per Share (Calculated) | C$187.61 |
| Counterparty | Arm's length third party seller shareholder |
Material Changes
The filing discloses a reduction in the company's outstanding share count. The 250,000 shares purchased will be cancelled and counted towards the company's current Normal Course Issuer Bid. No other material changes to operations or financial position are reported in this document.
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 dated July 31, 2015, exempting CP from specific sections of the Ontario Securities Act.
Investor Verification Checklist
- Verify the total number of shares remaining under the current Normal Course Issuer Bid following this purchase.
- Confirm the cancellation status of the 250,000 shares purchased.
- Review the exemption order from the Ontario Securities Commission (dated July 31, 2015) for compliance details.
- Check subsequent filings for the total volume of shares repurchased under the bid program.