Docebo Inc. Announces Preliminary Results of its Substantial Issuer Bid
Docebo's substantial issuer bid to repurchase up to US$70,000,000 of common shares at US$25.00 per share drew only 99,332 tendered shares, for aggregate consideration of US$2,483,300. The take-up represents roughly 0.4% of shares outstanding and leaves the post-offer count at approximately 24,947,594 shares; the purchase is funded entirely from cash on hand with no incremental borrowings under the credit facility. Intercap, which held about 63.9% of shares before the offer, tendered just 13,351 shares and will retain roughly 63.7% ownership; no other directors or officers tendered into the Offer.
Key figures
- Funding
- cash on hand, no incremental borrowings
- Offer price usd
- 25
- Shares tendered
- 99332
- Buyback actual usd
- 2483300
- Specified amount cad
- C$32.44
- Buyback authorized usd
- 70000000
- Pct shares repurchased
- approximately 0.4%
- Shares outstanding post offer
- 24947594
- Intercap ownership pre offer pct
- 63.9%
- Intercap ownership post offer pct
- 63.7%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.