Business
BMTC Group inc. announces the final results of its offer to buy back up to 4,000,000 of its class a subordinate voting shares
MONTREAL, Sept. 30 /CNW Telbec/ - BMTC's offer to purchase up to 4,000,000 of its Class A Subordi...
About this update from Bmtc Group Inc. Class A
[{"type":"text","content":"\n\n\n\nMONTREAL, Sept. 30 /CNW Telbec/ - BMTC's offer to purchase up to\n4,000,000 of its Class A Subordinate Voting Shares at a price of $20.00 per\nshare expired today at 12:00 p.m., Montreal time. Based on the final report by\nthe depositary for the offer, 3,134,147 Class A Subordinate Voting Shares were\ndeposited as at the expiration of the offer. BMTC shall purchase for\ncancellation all of the 3,134,147 Class A Subordinate Voting Shares deposited\nunder the offer.\n\n\nPayment for the Class A Subordinate Voting Shares deposited and accepted\nfor purchase will be made as promptly as practicable in accordance with the\noffer.\n\n\nBased on the number of shares currently outstanding and after taking into\naccount the repurchase, 16,315,718 Class A Subordinate Voting Shares will\nremain outstanding.\n\n\nBMTC Group inc., which Class A Subordinate Voting Shares are listed on\nthe Toronto Stock Exchange, is an important retailer of furniture, electronic\ngoods and household appliances in the areas of Montreal, Quebec City,\nRepentigny, Ste-Therese, Laval, Longueuil, Kirkland, St-Georges,\nTrois-Rivieres, Sherbrooke, Chicoutimi, Riviere-du-Loup, Rimouski, Levis,\nBeauport, Ste-Foy, Gatineau, Ste-Hyacinthe, St-Jean-sur-le-Richelieu, Granby,\nVaudreuil, Mascouche and St-Jerome through its subsidiaries Brault & Martineau\nand Ameublements Tanguay.\n\n\n","length":1415,"tagName":"div"}]