Docebo Inc (DCBO) News & EventsDCBODocebo Inc

Docebo to Repurchase 99,332 Common Shares at $25 Each

Docebo will take up and purchase for cancellation 99,332 of its common shares at a purchase price of $25.00 per Common Share under the Company's substantial issuer bid, for aggregate consideration of $2,483,300. Common Shares purchased under the Offer represent approximately 0.4% of the issued and outstanding Common Shares on a non-diluted basis as at July 20, when the terms of the Offer were announced. After giving effect to the Offer and the exercise of Company stock options between the launch and completion of the Offer, 24,947,594 Common Shares will be issued and outstanding. A total of 99,332 Common Shares were properly tendered to the Offer and not withdrawn. Intercap tendered 13,351 Common Shares pursuant to the Offer, representing less than 0.1% of its holdings. Intercap continues to beneficially own 15,900,000 Common Shares, representing approximately 63.7% of the issued and outstanding Common Shares.

Docebo Repurchases 99,332 Common Shares for $2,483,300

Docebo announced the preliminary results of its substantial issuer bid to repurchase for cancellation up to $70,000,000 of its outstanding common shares at a price of $25.00 per Common Share. The Offer expired at 5:00 p.m. on September 8. All of the terms and conditions of the Offer have been complied with or waived and, based on a preliminary count by TSX Trust Company, a total of 99,332 Common Shares were properly tendered to the Offer. Accordingly, the Company expects to take up and purchase for cancellation all of such Common Shares at a purchase price of $25.00 per Common Share, for aggregate consideration of $2,483,300. The aggregate purchase price for the Common Shares taken up under the Offer will be funded entirely from the Company's cash on hand, with no incremental borrowings under its credit facility. The Common Shares expected to be purchased under the Offer represent approximately 0.4% of the issued and outstanding Common Shares on a non-diluted basis as of July 20, the date the terms of the Offer were publicly announced. After giving effect to the Offer, approximately 24,947,594 Common Shares are expected to be issued and outstanding. Intercap, which beneficially owned 15,913,351 Common Shares prior to the Offer, representing approximately 63.9% of the Company's issued and outstanding Common Shares, is expected to have 13,351 Common Shares acquired under the Offer. Accordingly, following the Offer, Intercap is expected to beneficially own 15,900,000 Common Shares, representing approximately 63.7% of the Company's issued and outstanding Common Shares. No other directors or officers tendered Common Shares pursuant to the Offer.

Docebo Amends Buyback Plan, Maximum Repurchase Amount $70 Million

Docebo announced the amendment of the terms of its previously announced substantial issuer bid under which the Company has offered to repurchase from its shareholders for cancellation up to $70,000,000 of its outstanding common shares. The Offer has been amended to increase the price to $25.00 per Common Share and in connection with the price increase the expiry date of the Offer has been extended to 5:00 p.m. on September 8, unless further extended, varied or withdrawn by Docebo and the maximum number of Common Shares that may be purchased pursuant to the Offer has decreased to 2,800,000 Common Shares. All other terms of the Offer remain unchanged.