The program was part of Sun Life Financial's normal course issuer bid, which will continue until August 13, 2018
, or such earlier date the company completes its purchases.
If Nasdaq accepts such plan, the company may be granted an exception of up to 180 calendar days from the date the Form 10-Q was due, or until August 13, 2018
, to regain compliance.
The Program will form part of Sun Life's normal course issuer bid announced on August 9, 2017, which provides authorization for the purchase of up to 11,500,000 common shares during the 12-month period beginning on August 14, 2017 and ending on August 13, 2018 (the "NCIB").
Sun Life has entered into a program agreement with a third party to repurchase common shares through daily purchases that will take place between February 20, 2018 and the earlier of August 13, 2018 and the date on which Sun Life will have purchased 3,230,000 common shares from the third party under the Program.
Laabidi has also indicated that the Ministry is considering the creation of a prize to be awarded on August 13, 2018
to each institution or legal entity that has achieved equality between men and women in decision-making positions.
The normal course issuer bid will commence on August 14, 2017 and continue until August 13, 2018
, or such earlier date as the company completes its purchases.
00% senior notes due August 13, 2018
issued on August 12, 2013.
416m aggregate principal amount of 6 percent senior notes due August 13, 2018