In January 2008, Strategic implemented the first of a series of Normal Course Issuer Bids pursuant to the provisions of Exchange Policy 5.6. The current buy back plan started December 1, 2016, expires November 30, 2017 and allows Strategic to purchase up to 7,100,000 of its common shares which represent approximately 10% of the current "public float". At management's discretion, unallocated working capital may be used to purchase Strategic shares.
Under the previous Buy-back Plan which expired on November 25, 2015, Strategic purchased no shares. Since January 2008, a total of 7,044,000 shares have been purchased under all Buy-back Plans.