Westjet 2013 Annual Report Download - page 40

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WestJet Annual Report 2013 40
SHARE CAPITAL
Outstanding share data
Our issued and outstanding voting shares, along with voting shares potentially issuable, are as follows:
(number of shares)
January 31,
2014
December 31,
2013
Issued and outstanding:
Common voting shares 107,002,015 107,062,008
Variable voting shares
21,646,235
21,563,412
Total voting shares issued and outstanding
128,648,250
128,625,420
Voting shares potentially issuable:
Stock options
2,787,740
2,834,639
RSUs – Key employee plan 476,103 476,103
RSUs – Executive share unit plan 192,084 192,084
PSUs
243,567
243,567
Total voting shares potentially issuable
3,699,494
3,746,393
Total outstanding and potentially issuable voting shares
132,347,744
132,371,813
Quarterly dividend policy
Our dividend policy is reviewed on a quarterly basis in light of our financial position, financing policies, cash flow requirements
and other factors deemed relevant. On February 3, 2014, the Board of Directors declared our 2014 first quarter dividend of
$0.12 per common voting share and variable voting share payable on March 31, 2014 to shareholders of record on March 19,
2014. This represents an increase of 20.0 per cent from our previous quarterly amount of $0.10 per share declared and paid
during the fourth quarter of 2013. We believe this demonstrates our confidence in delivering continued profitable results and
is consistent with our objective of creating and returning value to our shareholders.
Normal course issuer bid
On February 14, 2013, the Toronto Stock Exchange (TSX) accepted our notice to make a normal course issuer bid to purchase
outstanding shares on the open market. As approved by the TSX, we are authorized to purchase up to 6,616,543 common
voting shares and variable voting shares (representing approximately five per cent of our issued and outstanding shares at the
time of the bid) between the period of February 19, 2013 and February 18, 2014 or until such time as the bid is completed or
terminated at our option. Any shares purchased under the bid are purchased on the open market through the facilities of the
TSX at the prevailing market price at the time of the transaction. Shares acquired under the bid will be cancelled.
During the year ended December 31, 2013, we repurchased and cancelled 4,717,710 shares under the bid, equal to 71.3 per
cent of the maximum number of shares we are authorized to repurchase, for total consideration of $112.4 million.
A shareholder of WestJet may obtain a copy of the notice filed with the TSX in relation to the bid, free of charge, by
contacting the Corporate Secretary of WestJet, at 22 Aerial Place N.E., Calgary, Alberta T2E 3J1 (telephone: (403) 444-2600
or by faxing a written request to (403) 444-2604).