Shawcor Ltd., dba Mattr Infratech Announces the Early Renewal and Expansion of Its Normal Course Issuer Bid
Retrieved on:
Monday, June 26, 2023
As a result of the early termination and renewal of the Existing Bid, the 1,515,000 Common Shares purchased under the Existing Bid will be deducted from the New Bid’s annual limit as per the requirements of the TSX.
Key Points:
- As a result of the early termination and renewal of the Existing Bid, the 1,515,000 Common Shares purchased under the Existing Bid will be deducted from the New Bid’s annual limit as per the requirements of the TSX.
- Pursuant to the New Bid, the Company may purchase for cancellation up to 3,442,233 Common Shares, representing approximately 10% of the Company’s public float as at June 26, 2023 (being 4,957,233 Common Shares), less the 1,515,000 Common Shares purchased under the Existing Bid.
- The New Bid will be funded using existing cash resources and any Common Shares repurchased by the Company under the New Bid will be cancelled.
- Outside of these black-out periods, Common Shares will continue to be purchasable by the Company at its discretion under the New Bid.