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CANADIAN PACIFIC KANSAS CITY LTD/CN 8-K Report (Jun 19, 2014)

Filing Date
Filed June 19, 2014
Period End
June 19, 2014
Security
CP
In the record · 2016–202610-K2010-Q328-K361

CP filed 20 annual reports (10-K), 32 quarterly reports (10-Q) and 361 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Feb ’17Feb ’17
  2. Material agreement8-K · Oct ’19Oct ’19
  3. Deal closed8-K · Dec ’21Dec ’21
  4. Material agreement8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 6-K filed June 19, 2014. Cited figures are marked; the original filing is the authoritative source.

Canadian Pacific Railway Limited (CP) filed a Form 6-K on June 19, 2014, reporting a significant share repurchase transaction.

On June 18, 2014, CP entered into a private agreement to purchase 226,791 of its common shares from an arm's length third-party seller for an aggregate price of C$40,663,309a. These repurchased shares are intended to be cancelled and will be counted towards the company's ongoing Normal Course Issuer Bid (NCIB). This transaction reflects CP's commitment to returning capital to shareholders and managing its share count.

The purchase was executed under an exemption order from specific sections of the Ontario Securities Act, allowing for this off-exchange transaction. Investors should note this as a continuation of the company's capital allocation strategy, aiming to enhance shareholder value through share buybacks.

02—Key points

Key Highlights

  1. CP repurchased 226,791 common shares on June 18, 2014.
  2. The total purchase price for these shares was C$40,663,309.
  3. The shares were acquired through a private agreement with an arm's length third-party seller.
  4. The repurchased shares will be cancelled.
  5. This purchase is part of CP's current Normal Course Issuer Bid (NCIB).
  6. The transaction was conducted under an exemption order from certain sections of the Ontario Securities Act.

03—Questions

Frequently Asked Questions

  1. What was the main purpose of this Form 6-K filing?

    The Form 6-K was filed to report Canadian Pacific Railway Limited's (CP) purchase of its own common shares in a private transaction and to notify relevant securities commissions as required by an exemption order.

  2. How many shares did CP buy back and at what cost?

    CP repurchased 226,791 common shares for an aggregate purchase price of C$40,663,309.

  3. Will these repurchased shares remain outstanding?

    No, the common shares purchased by CP will be cancelled.

  4. Is this share repurchase part of a larger program?

    Yes, this purchase is being counted towards CP's existing Normal Course Issuer Bid (NCIB), indicating a continued effort to reduce the number of outstanding shares.

04—Continue

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