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Enghouse Renews Normal Course Issuer Bid
Enghouse Renews Normal Course Issuer Bid Canada NewsWire MARKHAM, ON , ...
About this update from Enghouse Systems Limited
[{"type":"text","content":"\n\n\n\n Enghouse Renews 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\n MARKHAM, ON\n \n\n ,\n \n\n May 5, 2025\n \n\n /CNW/ - Enghouse Systems Limited (\"Enghouse\" or the \"Company\") (TSX: ENGH) today announced its intention to renew its normal course issuer bid for its common shares (\"Common Shares\") in accordance with the requirements of the Toronto Stock Exchange.\n \n\n Enghouse continues to have significant cash reserves and positive cash flow. The Company is renewing its normal course issuer bid program because it believes that from time to time the market price of its Common Shares may be attractive and that at such times, the purchase of Common Shares would be in the best interest of the Company and an appropriate use of corporate funds.\n \n\n The Company may purchase up to a maximum of 3,000,000 Common Shares representing on\n \n April 28, 2025\n \n approximately 7.0% of the publicly listed float of 43,022,793 Common Shares. On\n \n April 28, 2025\n \n , the Company had 55,155,491 outstanding Common Shares. The price at which the Company may purchase such shares will be the market price at the time of acquisition and any Common Shares purchased under the bid will be cancelled. The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by the Company, subject to price, trading volume and other market considerations. Daily purchases, other than block purchases, will be limited to 25,784 Common Shares which is 25% of 103,137 Common Shares (being the average daily trading volume on the TSX for the six months ended\n \n April 30, 2025\n \n ). An automatic purchase plan will not be put in place at the commencement of the bid but may be put in place at some point in the future.\n \n\n The bid will commence on\n \n May 7, 2025\n \n and will terminate on\n \n May 6, 2026\n \n , unless the maximum number of shares that may be purchased thereunder has been acquired before that time. The purchases will be made through the facilities of the Toronto ...