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High Liner Foods Announces Approval of Normal Course Issuer Bid
High Liner Foods Announces Approval of Normal Course Issuer Bid Canada NewsWire...
About this update from High Liner Foods Incorporated
[{"type":"text","content":"\n \n \n \n High Liner Foods Announces Approval of 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 LUNENBURG, NS\n \n ,\n \n June 18, 2021\n \n /CNW/ -\n \n High Liner Foods Incorporated\n \n (the \"Company\") (TSX: HLF) today announced that it has filed a notice with the Toronto Stock Exchange (\"TSX\") and received approval to purchase under a normal course issuer bid  (\"NCIB\"), through the facilities of the TSX and/or any alternative trading system in\n \n Canada\n \n , up to 150,000 (representing approximately 0.45%) of the 33,451,810 issued and outstanding common shares (\"Shares\") of the Company as of\n \n June 10, 2021\n \n . The price the Company will pay for any Shares acquired will be the market price at the time of acquisition. Purchases under this NCIB will be made by the Company and the Shares so acquired shall be cancelled, reducing any dilution resulting from Shares issued pursuant to stock-based compensation plans. Purchases may commence on\n \n June 23, 2021\n \n and will terminate no later than\n \n June 22, 2022\n \n .\n \n \n The Company's Defined Benefit Pension Plan (\"Pension Plan\") may, from time to time, acquire Shares of the Company. Shares purchased by the Pension Plan count towards the maximum number of shares the Company can acquire under this NCIB. If Shares are acquired by the Pension Plan, those Shares will remain outstanding and held by the Pension Plan.\n \n \n The average daily trading volume (\"ADTV\") of the Company's Shares on the TSX over the six months ending\n \n May 31, 2021\n \n was 27,994 Shares. Under TSX rules, the Company is entitled to purchase up to the greater of: 25% of the ADTV of the respective class of shares; or 1,000 shares on any trading day; or a larger amount of shares per calendar week, subject to the maximum number that may be acquired under the NCIB if the transaction meets the block purchase exception under TSX rules. Accordingly, unless a block purchase meeting the block purchase exception under TSX rules is made, the Company...