Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - CANADIAN PACIFIC RAILWAY LTD/CN | nr_ncibxnewprogramxmay2017.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
May 10, 2017
Date of Report (Date of earliest event reported)
Date of Report (Date of earliest event reported)
Canadian Pacific Railway Limited
(Exact name of registrant as specified in its charter)
Canada | 001-01342 | 98-0355078 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
7550 Ogden Dale Road S.E., Calgary, Alberta,
Canada, T2C 4X9
Canada, T2C 4X9
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (403) 319-7000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. Other Events.
On May 10, 2017, Canadian Pacific Railway Limited (the “Company”) issued a press release announcing that the Toronto Stock Exchange (“TSX”) has accepted its notice to implement a normal course issuer bid (“NCIB”) to purchase, for cancellation, up to 4,384,062 of the Company’s common shares or approximately 3 percent of the Company’s “public float”, as at May 1, 2017. The NCIB is scheduled to commence on May 15, 2017 and is due to terminate on May 14, 2018.
The Company also announced that its Board of Directors declared a quarterly dividend of $0.5625 per share, an increase of 12.5 percent to the last dividend, on the Company’s outstanding common shares. The dividend is payable on July 31, 2017 to holders of record at the close of business on June 30, 2017.
A copy of this press release is attached as Exhibit 99.1.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Exhibit Description |
Exhibit 99.1 | Press Release dated May 10, 2017, announcing the Company’s intention to launch new share repurchase program as well as announcing an increase in its quarterly dividend. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 11, 2017 | |||
CANADIAN PACIFIC RAILWAY LIMITED | |||
By: | /s/ Scott Cedergren | ||
Name: | Scott Cedergren | ||
Title: | Assistant Corporate Secretary | ||
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EXHIBIT INDEX
Exhibit No. | Exhibit Description |
Exhibit 99.1 | Press Release dated May 10, 2017, announcing the Company’s intention to launch new share repurchase program as well as announcing an increase in its quarterly dividend. |