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CANADIAN PACIFIC KANSAS CITY LTD/CN 8-K Report (Aug 5, 2015)

Filing Date
Filed August 5, 2015
Period End
August 5, 2015
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 August 5, 2015. Cited figures are marked; the original filing is the authoritative source.

Canadian Pacific Railway Limited (CP) announced on August 4, 2015, that it entered into a private agreement to purchase 236,625 of its Common Shares for an aggregate price of C$47,438,580a.

This transaction is part of CP's ongoing Normal Course Issuer Bid (NCIB) program, and the purchased shares will be cancelled. The filing also confirms that CP is a foreign private issuer and is filing under Form 6-K, with a preference for reporting under Form 40-F for its annual reports. This specific filing is an update related to its share repurchase activities under an exemption granted by the Ontario Securities Commission, allowing CP to deviate from certain sections of the Ontario Securities Act regarding these repurchases.

02—Key points

Key Highlights

  1. CP repurchased 236,625 Common Shares on August 4, 2015.
  2. The aggregate purchase price for these shares was C$47,438,580.
  3. The share repurchase was conducted through a private agreement with an arm's length third party.
  4. These shares will be counted towards CP's current Normal Course Issuer Bid (NCIB).
  5. The repurchased shares will be cancelled.
  6. The transaction falls under an exemption order from the Ontario Securities Commission, exempting CP from specific sections of the Ontario Securities Act.
  7. CP is identified as a foreign private issuer and files under Form 6-K, with annual reports potentially filed under Form 40-F.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this filing?

    This Form 6-K filing serves as a notice of a private agreement entered into by Canadian Pacific Railway Limited (CP) to repurchase a significant number of its own common shares. It also updates on CP's status as a foreign private issuer and its reporting practices.

  2. Why is CP buying back its shares?

    The share repurchase is part of CP's Normal Course Issuer Bid (NCIB), a common strategy for companies to return value to shareholders, potentially boost earnings per share, and signal confidence in the company's valuation.

  3. What is the significance of the Ontario Securities Commission exemption?

    The exemption order from the Ontario Securities Commission allows CP to conduct this private share repurchase without adhering to certain standard provisions of the Ontario Securities Act. This suggests a streamlined process for this specific buyback, possibly due to the nature of the private agreement.

  4. What is a Form 6-K and Form 40-F?

    A Form 6-K is a report of foreign private issuers submitted to the SEC for significant events. Form 40-F is used by Canadian companies for their annual reports. CP filing under these forms indicates its status as a foreign, likely Canadian, entity.

04—Continue

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