TWC Enterprises Renews Normal Course Issuer Bid for Share Repurchase
News related to:TWC Enterprises Limited · 2 min read
KING CITY, Ontario, Sept. 17, 2026 /CourierPR/ -- TWC Enterprises Limited, a leading golf club operator in Canada, has announced its intention to renew a normal course issuer bid. The Toronto Stock Exchange has accepted TWC’s notice, allowing the company to purchase up to 1,205,556 common shares over the next year, representing approximately 5% of the issued and outstanding shares.
According to the terms of the bid, TWC can buy shares through the Toronto Stock Exchange or alternative Canadian trading systems. The company will determine the exact number of shares to be purchased and the timing of the acquisitions. Daily purchases will be limited to 1,000 shares, except for block purchases.
TWC’s decision to renew the bid comes after the company purchased 70,500 common shares for cancellation under the previous bid, which expired in September 2026. At an average cost per share of $25.69, this purchase was made when the shares were trading in a price range that did not adequately reflect their value in relation to the business and future prospects of TWC.
The company believes that its shares have been trading at prices that do not fully recognize their value. TWC’s Chief Financial Officer, Andrew Tamlin, stated that the purchases are expected to benefit all shareholders by increasing their proportionate interest in the company. The shares purchased will be canceled upon acquisition.
TWC Enterprises Limited operates under the trademark "ClubLink One Membership More Golf." The company is Canada’s largest owner, operator, and manager of golf clubs, with 46 18-hole equivalent championship and 2.5 18-hole equivalent academy courses spread across 34 locations in Ontario, Quebec, and Florida.
The company’s decision to renew the normal course issuer bid reflects its confidence in the value of its shares and its commitment to enhancing shareholder value. By repurchasing shares, TWC aims to reduce the number of outstanding shares, thereby increasing the value of the remaining shares.
The bid is set to run from September 20, 2026, to September 19, 2027, providing TWC with a year to execute its share repurchase strategy. The company will continue to monitor market conditions and make purchases as deemed appropriate.