Business Context and Reporting Period
Company: Canadian Pacific Railway Limited (CP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Date: June 10, 2015
Context: This filing serves as a Notice of Private Agreement Purchase regarding a share repurchase transaction executed on June 9, 2015.
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 | 760,000 Common Shares |
| Aggregate Purchase Price | C$144,326,755 |
| Transaction Date | June 9, 2015 |
| 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 a private agreement purchase. The 760,000 shares acquired will be cancelled and counted towards the company's current Normal Course Issuer Bid.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the transaction was executed pursuant to an exemption order granted by the Ontario Securities Commission on May 29, 2015, exempting CP from specific sections of the Ontario Securities Act.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing beyond the standard regulatory compliance context of the share buyback.
Investor Verification Checklist
- 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$190.04) against market trading prices on June 9, 2015.
- Review the May 29, 2015 Ontario Securities Commission exemption order for any specific conditions attached to the buyback.
- Check subsequent filings for the official cancellation of these shares and the updated share count.