Business
CLARKE INC. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID
Apr. 12, 2011 (Canada NewsWire Group) -- HALIFAX, April 12 /CNW/ - Clarke Inc. ("Clarke&...
About this update from Clarke Inc.
[{"type":"text","content":"\n\n\n Apr. 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nHALIFAX, April 12 /CNW/ - Clarke Inc. ("Clarke") (TSX: CKI CKI.DB\n CKI.DB.A) announced today that it has filed a notice with the Toronto\n Stock Exchange and received its approval to purchase, through the\n facilities of the Toronto Stock Exchange, a portion of its 6%\n convertible unsecured subordinated debentures due December 31, 2013\n (the "2013 Convertible Debentures").  Under the normal course issuer\n bid, Clarke intends to repurchase up to $6,903,000 in aggregate\n principal amount of its 2013 Convertible Debentures, representing\n approximately 10% of the public float of $69,031,000 in aggregate\n principal amount of the 2013 Convertible Debentures issued and\n outstanding as at April 8, 2011.  As at April 8, 2011, there was\n $70,318,500 in aggregate principal amount of the 2013 Convertible\n Debentures issued and outstanding.  Purchases may commence on April 14,\n 2011 and will terminate on April 13, 2012.\n\n\nFrom October 1, 2010 to March 31, 2011, the average daily trading volume\n of the 2013 Convertible Debentures was $62,699 in aggregate principal\n amount.  Clarke may purchase daily up to 25% of the average daily\n trading volume, which is $15,674 in aggregate principal amount, subject\n to a weekly "block purchase" exemption. Any 2013 Convertible Debentures\n purchased by Clarke pursuant to the Offer will be held or cancelled.\n\n\nIn connection ...