RF CAPITAL IMPLEMENTS AN AUTOMATIC SHARE PURCHASE PLAN
TORONTO, May 11, 2022 /CNW/ – RF Capital Group Inc. (the Company) (TSX:RCG) announced today that, in connection with its previously announced normal course issuer bid (NCIB) to purchase up to 548,571 of its ordinary shares, it entered into an automatic share purchase plan (ASPP) with the designated broker responsible for the OPRA. The ASPP is intended to permit the purchase of common shares under the issuer bid at times when the Company would not normally be permitted to purchase its securities due to regulatory restrictions and customary blackout periods. self-imposed.
Pursuant to the PPSA, purchases will be made by the Designated Broker within pre-established purchase parameters, without further instruction from the Company, in accordance with the rules of the Toronto Stock Exchange (TSX), applicable securities laws and the terms of the ASPP. The ESAP has been pre-cleared by the TSX and will be implemented on or around May 16, 2022.
Other than the RPEA, common shares may be purchased under the issuer bid at management’s discretion, in accordance with TSX rules and applicable securities laws. The NCIB began on March 9, 2022and will end no later than March 8, 2023. All purchases made pursuant to the AESP will be included in the calculation of the number of common shares purchased pursuant to the issuer bid. As of the date hereof, the Company has not purchased any common shares pursuant to its issuer bid.
About RF Capital Group Inc.
RF Capital Group Inc. is a Toronto Stock Exchange (TSX:RCG) listed company focused on wealth management. Operating under the Richardson Wealth brand, the Company is one of the largest independent wealth management firms in the Canada with $35.9 billion of assets under administration (at April 30, 2022) and 20 offices across the country. The firm’s advisory teams are exclusively focused on providing strategic wealth advice and innovative investment solutions tailored to high net worth or ultra-high net worth families and entrepreneurs. The Company is committed to maintaining exceptional fiduciary standards and has achieved certification – determined annually – from the Center for Fiduciary Excellence for its separately managed account and portfolio management platforms. Richardson Wealth has also been recognized as a Great Place to Work™ for the past four years, a Best Workplace for Women, a Best Workplace in Canada and Ontario, a better workplace for mental well-being, for financial services and insurance, and for hybrid working. For more information, please visit www.rfcapgroup.com and www.RichardsonWealth.com.
This press release contains forward-looking information as defined by applicable Canadian securities laws. Such information includes, but is not limited to, statements regarding objectives and strategies for achieving those objectives, as well as statements regarding management’s beliefs, plans, estimates, projections and intentions and similar statements. regarding future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking information can generally be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “should”, “expect”, “intend”, ” estimates”, “anticipates”, “believes”, “should”, “plans” or “continues”, or similar expressions suggesting future results or events. This forward-looking information reflects management’s current beliefs and is based on information currently available to management.
The forward-looking statements included in this press release, including statements regarding the issuer bid and the ASPP, and the anticipated purchase for cancellation of common stock thereunder, are not guarantees of future results and involve numerous risks and uncertainties that may cause actual results to differ materially. potential results discussed or anticipated in forward-looking statements, including those described in this press release, our 2021 Annual MD&A and our most recent Annual Information Form (AF). These risks and uncertainties include, but are not limited to, market, credit, liquidity, operational, legal and regulatory risks, as well as other risk factors, including changes in the market value of securities, reliance on key personnel and sustainability of costs. In addition, other factors, such as general economic conditions, including interest rate and exchange rate fluctuations, and natural disasters, or other unforeseen events (including the novel coronavirus pandemic and its variants (COVID-19)) may also influence our results of operations. . For a description of additional risks that could cause actual results to differ materially from current expectations, see the “Risk Management” and “Risk Factors” sections of our 2021 Annual MD&A.
Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other risk factors not currently known to us or that we currently believe not significant and which could also cause actual results. or future events differ materially from those expressed in such forward-looking information.
Certain statements included in this press release may be considered “financial outlook” for purposes of applicable Canadian securities laws. The financial outlook may not be suitable for purposes other than this press release.
The forward-looking information contained in this press release is:
- based on management’s use of certain assumptions it deems reasonable; however, there can be no assurance that such expectations will prove to be correct. As such, readers should not place undue reliance on the forward-looking statements and information contained in this press release. When relying on forward-looking statements to make decisions, readers should carefully consider the foregoing factors, the list of which is not exhaustive;
- made as of the date of this press release and should not be taken as representing our views as of any date subsequent to the date of this press release. Except as required by applicable law, our management and Board of Directors undertake no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. ; and
- expressly qualified in its entirety by the foregoing disclaimers
SOURCE RF Capital Group Inc.
For further information: RF Capital Group Inc., Rocco Colella, Managing Director, Investor Relations, Tel. : (416) 941-0894; E-mail [email protected]