Home Capital Group Inc. (TSX:HCG) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to 6,896,551 shares, representing 13.69% of its issued share capital, for CAD 300 million. The shares will be repurchased for a minimum price of CAD 43.50 per share and for a maximum price of CAD 48.50 per share.

The repurchased shares will be cancelled. If more than CAD 300 million worth of shares are duly tendered before the expiration of the offer and not withdrawn, then the company will repurchase the shares on a pro rata basis based after giving effect to Odd- Lot holders. The offer will expire on December 21, 2021, unless extended or withdrawn by company.

As of November 15, 2021, the company has 50,393,438 issued and outstanding shares.