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Cascades Renews its Normal Course Issuer Bid
Cascades Renews its Normal Course Issuer Bid Canada NewsWire KINGSEY ...
About this update from Cascades Inc.
[{"type":"text","content":"\n \n \n \n Cascades Renews its Normal Course Issuer Bid\n \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 Canada NewsWire\n \n \n \n \n \n KINGSEY FALLS, QC\n \n ,\n \n March 16, 2021\n \n /CNW Telbec/ - Cascades Inc. (TSX: CAS) announces that the Toronto Stock Exchange accepted its notice of intention to begin a normal course issuer bid in respect of its Common Shares. Purchases pursuant to the normal course issuer bid will commence on March 19, 2021 and will not continue beyond\n \n March 18, 2022\n \n . The Common Shares purchased shall be cancelled.\n \n \n The notice will enable Cascades to acquire up to 2,045,621 Common Shares which represents approximately 2% of the 102,281,072 issued and outstanding Common Shares as of\n \n March 8, 2021\n \n . Between\n \n March 19, 2020\n \n and\n \n March 18, 2021\n \n , Cascades was authorized to acquire up to 1,886,220 Common Shares. Since\n \n March 19, 2020\n \n and up until\n \n March 8, 2021\n \n , Cascades purchased on the open market through the facilities of the Toronto Stock Exchange, 279,700 Common Shares at a volume weighted average price of\n \n $13.73\n \n .\n \n \n The average daily trading volume of Cascades' Common Shares was 341,162 on the Toronto Stock Exchange over the last six completed calendar months (the ADTV). Accordingly, Cascades is entitled to purchase up to 25% of the ADTV on any trading day being 85,290 Common Shares.\n \n \n All purchases will be made through the facilities of the Toronto Stock Exchange in accordance with its requirements and/or alternative trading systems.\n \n \n Cascades considers that the shares to be acquired may, from time to time, be undervalued in the market and represent an excellent opportunity to enhance shareholder value.\n \n \n \n Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs 11,000 women and men across a network of over 90 facilities in\n \n North America\n \n and\n \n Europe\n \n . Driven by its participative management, half a century of e...