Altus Establishes Automatic Share Purchase Plan
June 29 2022 - 4:26PM
Altus Group Limited (ʺAltus Group” or the ʺCompanyʺ) (TSX: AIF), a
market leading Intelligence as a Service provider to the global
commercial real estate industry, announced today that, in
connection with its previously announced normal course issuer bid
("NCIB") to purchase up to 1,345,142 common shares ("Shares"), it
entered into an automatic share purchase plan ("ASPP") with a
designated broker. The ASPP is intended to allow for the purchase
of Shares under the NCIB at times when Altus Group would ordinarily
not be permitted to purchase shares due to regulatory restrictions
and customary self-imposed blackout periods.
Pursuant to the ASPP, the Company has instructed
the designated broker to make purchases under the NCIB in
accordance with the terms of the ASPP and certain purchasing
parameters thereunder. Such purchases will be made by the
designated broker in its sole discretion based on purchasing
parameters set by Altus Group in accordance with the rules of the
Toronto Stock Exchange ("TSX"), applicable securities laws and the
terms of the ASPP. The ASPP has been pre-cleared by the TSX and
will be implemented today.
Outside of pre-determined blackout periods,
Shares may be purchased under the NCIB based on management's
discretion, in compliance with TSX rules and applicable securities
laws. The NCIB commenced on February 8, 2022 and ends
on February 7, 2023. All purchases made under the ASPP will be
included in computing the number of Shares purchased under the
NCIB.
About Altus Group
Altus Group provides the global commercial real
estate industry with vital actionable intelligence solutions driven
by our de facto standard ARGUS technology, unparalleled asset level
data, and market leading expertise. A market leader in providing
Intelligence as a Service, Altus Group empowers CRE professionals
to make well-informed decisions with greater speed and scale to
maximize returns and reduce risk. Trusted by most of the world’s
largest CRE leaders, our solutions for the valuation, performance,
and risk management of CRE assets are integrated into workflows
critical to success across the CRE value chain. Founded in 2005,
Altus Group is a global company with approximately 2,600 employees
across North America, EMEA and Asia Pacific. For more information
about Altus (TSX: AIF) please visit altusgroup.com.
Forward-Looking Information
Certain information in this press release may
constitute “forward-looking information” within the meaning of
applicable securities legislation, including statements related to
the Company’s NCIB and ASPP and other statements that are not
historical facts. Generally, forward-looking information can be
identified by use of words such as “may”, “will”, “expect”,
“believe”, “plan”, “would”, “could”, “remain” and other similar
terminology. All of the forward-looking information in this press
release is qualified by this cautionary statement.
Inherent in the forward-looking information are
known and unknown risks, uncertainties and other factors that could
cause our actual results, performance or achievements, or industry
results, to differ materially from any results, performance or
achievements expressed or implied by such forward-looking
information. Those risks, uncertainties and other factors that
could cause actual results to differ materially from the
forward-looking information include, but are not limited to those
described in our annual publicly filed documents, including the
Annual Information Form for the year ended December 31, 2021 and
Management’s Discussion and Analysis for the year ended December
31, 2021 (which are available on SEDAR at www.sedar.com).
Given these risks, uncertainties and other
factors, investors should not place undue reliance on
forward-looking information as a prediction of actual results. The
forward-looking information reflects management’s current
expectations and beliefs regarding future events and operating
performance and is based on information currently available to
management. Although we have attempted to identify important
factors that could cause actual results to differ materially from
the forward-looking information contained herein, there are other
factors that could cause results not to be as anticipated,
estimated or intended. The forward-looking information contained
herein is current as of the date of this press release and, except
as required under applicable law, we do not undertake to update or
revise it to reflect new events or circumstances. Additionally, we
undertake no obligation to comment on analyses, expectations or
statements made by third parties in respect of Altus, our financial
or operating results, or our securities.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Camilla Bartosiewicz Chief Communications
Officer, Altus Group (416) 641-9773
camilla.bartosiewicz@altusgroup.com
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