Business
The Caldwell Partners International Inc. Notice of Intention to Purchase Shares
TORONTO , June 25, 2014 /CNW/ - Retained executive search firm The Caldwell Partners Int...
About this update from Caldwell Partners International Inc.
[{"type":"text","content":"\n\n\nTORONTO, June 25, 2014 /CNW/ - Retained executive search firm The\n Caldwell Partners International Inc. (TSX: CWL) announced today that\n the Toronto Stock Exchange (TSX) has accepted the company's Notice of\n Intention to purchase through a normal course issuer bid (NCIB) up to\n 1,050,008 of its common shares, representing approximately 5% of the\n 21,000,155 shares outstanding as at June 25, 2014 (the \"Notice\").\n\n\nThe NCIB commences on June 27, 2014 and will end on the earlier of June\n 26, 2015, the date that the Company completes the purchase of the total\n number of shares permitted under the notice, or the date of a notice by\n the Company that it is terminating the NCIB.  The Company may purchase\n its shares, from time to time, if it believes that the market price of\n the shares is attractive and that the purchase would be an appropriate\n use of corporate funds and in the best interests of the Company.   Any\n shares purchased by the Company under the NCIB will be effected through\n the facilities of the TSX at the prevailing market price at the time of\n the purchase.  All shares purchased under the NCIB will be cancelled.\n\n\nThe Company's purchase of shares during any trading day will not exceed\n 3,409 shares, representing approximately 25% of the average daily\n trading volume of the shares based on the number of shares traded\n during the most recently completed six calendar months preceding the\n filing of the Notice, and subject to the Company's ability to make\n block purchases in accordance with the TSX's facilities and rules.\n\n\nUnder its previous normal course issuer bid that expired on June 6,\n 2014, the Company had not repurchased any of its common shares.\n\n\nThe Company believes that the market price of its common shares could be\n such that their purchase may be an attractive and appropriate use of\n corporate funds in light of potential benefits to remaining\n shareholders.\n\n\nThe Company has appointed CIBC World Markets as trustee for the purposes\n of arranging for the acquisition of the shares.\n\n\nA copy of the Company's Notice filed with the TSX may be obtained, by\n any shareholder without charge, by contacting the Company's corporate\n secretary.\n\n\nAbout Caldwell Partners\nCaldwell Partners is one of North America's premier providers of\n executive se...