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Empire Company Announces Normal Course Issuer Bid
Empire Company Announces Normal Course Issuer Bid Empire Company Announces Normal ...
About this update from Empire Co Ltd Class A
[{"type":"text","content":"\n\n\n\nEmpire Company Announces Normal Course Issuer Bid\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\n\n\n\n\n\nEmpire Company Announces Normal Course Issuer Bid\nCanada NewsWire\nSTELLARTON, NS, March 14, 2016\n\n\n\n\nSTELLARTON, NS, March 14, 2016 /CNW/ - Empire Company Limited (\"Empire\"\n or the \"Company\") (TSX: EMP.A) announced today that it has filed a\n notice with the Toronto Stock Exchange (\"TSX\") to purchase for\n cancellation up to 5,206,137 Non-Voting Class A shares representing\n approximately three percent of those outstanding, subject to obtaining\n regulatory approval.  The purchases will be made through the facilities\n of the TSX.  Currently 173,537,901 Non-Voting Class A shares are issued\n and outstanding.  The price that Empire will pay for any such shares\n will be the market price at the time of acquisition.  Purchases may\n commence on March 17, 2016, and shall terminate not later than March\n 16, 2017.\n\n\nThe Board of Directors and senior management of Empire are of the\n opinion that from time to time the purchase of Non-Voting Class A\n shares at the prevailing market prices is a worthwhile use of funds and\n in the best interests of Empire and its shareholders. Empire acquired\n 5,365,752 of its Non-Voting Class A shares at a weighted average price\n of $27.59 pursuant to its normal course issuer bid (\"NCIB\") ending\n March 16, 2016.\n\n\nThe average daily trading volume (the \"ADTV\") of the Non-Voting Class A\n shares was 300,851 on the TSX over t...