Business Context and Reporting Period
Company: Canadian Pacific Railway Limited (CP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: May 21, 2014
Context: Notification of a private agreement to purchase common shares pursuant to an order exempting CP from specific sections of the Ontario Securities Act.
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 share repurchase transaction.
| Transaction Detail | Value |
|---|---|
| Shares Purchased | 300,000 Common Shares |
| Aggregate Purchase Price | C$48,993,000 |
| Counterparty | Arm's length third party seller shareholder |
Material Changes
The filing reports a material change in the company's capital structure through the acquisition of 300,000 common shares. These shares are designated to be cancelled and will be counted towards the number of shares purchased under CP's current Normal Course Issuer Bid.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the regulatory context of the share purchase exemption.
Investor Verification Points
- Verify the total number of shares remaining under the current Normal Course Issuer Bid following this transaction.
- Confirm the cancellation status of the 300,000 purchased shares.
- Review the aggregate purchase price of C$48,993,000 to determine the average price per share (approximately C$163.31).