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5N Plus Inc. Amends its Normal Course Issuer Bid
5N Plus Inc. Amends its Normal Course Issuer Bid Canada NewsWire MONTREAL, Feb. ...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n\n\n\n5N Plus Inc. Amends its Normal Course Issuer Bid\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Feb. 21, 2017\n\n\n\nMONTREAL, Feb. 21, 2017 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (\"5N Plus\" or the \"Company\"), the leading producer of specialty metal and chemical products, today announced that the Toronto Stock Exchange (\"TSX\") has approved an amendment to its normal course issuer bid (\"NCIB\") implemented on October 11, 2016 (see Company's news release of October 5, 2016). Under the NCIB, 5N Plus now has the right to purchase for cancellation, from October 11, 2016 to October 10, 2017, a maximum of 2,100,000 (previously 600,000) common shares, representing 4.73% of the 44,416,731 shares forming 5N Plus' public float as at October 3, 2016. As of October 3, 2016, 5N Plus had 83,979,657 common shares issued and outstanding. During the NCIB period, subject to TSX and other regulatory authorities' approval, the Company may consider purchasing for cancellation more than 2,100,000 common shares up to a maximum of 4,441,673 common shares, representing 10% of the Company's public float. From the start of the implementation of the NCIB on October 11, 2016 until today, the Company has purchased for cancellation a total of 445,168 common shares. \n\nIn connection with its NCIB, 5N Plus has entered into an automatic share purchase plan with National Bank Financial Inc. in order to allow for purchases under the NCIB during 5N Plus' \"black-out\" periods, as permitted by the TSX Company Manual and the Securities Act (Québec).\n\nAbout 5N Plus Inc.5N Plus is the leading producer of specialty metal and chemical products.  Fully integrated with closed-loop recycling facilities, the Company is headquartered in Montreal, Québec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia.  5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial ...