Gates Industrial Corp plc
For the period ended Mar 30, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 1, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table sets forth information regarding our purchases of our ordinary shares during the three months ended March 30, 2024:
| Period | Total number of shares purchased | Average price paid per share (1) | Total number of shares purchased as part of publicly announced plans or programs(2) | Maximum dollar value of shares that may yet be purchased under the plans or programs($ million) |
|---|---|---|---|---|
| 1/31/2024 - 1/27/2024 | — | $— | — | $100.0 |
| 1/28/2024 -2/24/2024 | 4,151,100 | $12.0450 | 4,151,100 | $50.0 |
| 2/25/2024 - 3/30/2024 | — | $— | — | $50.0 |
| Total | 4,151,100 | $12.0450 | 4,151,100 | $50.0 |
(1) Does not include commissions or other costs paid to repurchase shares. All shares repurchased were cancelled by the end of the quarter ended March 30, 2024.
(2) The share repurchase program was established in February 2024, allowing for up to $100 million in authorized share repurchases of our ordinary shares, exclusive of commissions, through October 2024. Under this publicly announced program, we were authorized to repurchase ordinary shares using a variety of methods, including but not limited to open market purchases and privately negotiated transactions, all in compliance with the rules and regulations of the SEC and other applicable legal requirements. In February 2024, we repurchased approximately $50 million of our ordinary shares under the share repurchase program pursuant to a share repurchase contract with Citigroup Global Markets Inc. and no additional shares are authorized for repurchase under the program.
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