Business
High Liner Foods Terminates and Commences a Normal Course Issuer Bid
High Liner Foods Terminates and Commences a Normal Course Issuer Bid Canada New...
About this update from High Liner Foods Incorporated
[{"type":"text","content":"\n \n \n \n High Liner Foods Terminates and Commences a 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 LUNENBURG, NS\n \n \n ,\n \n \n June 3, 2022\n \n \n /CNW/ -\n \n High Liner Foods Incorporated\n \n (the \"\n \n Company\n \n \") (TSX: HLF) today announced that it has terminated early the normal course issuer bid it commenced on\n \n June 23, 2021\n \n (the \"\n \n Terminated Program\n \n \"). The Company's Terminated Program authorized the repurchase for cancellation up to 150,000 outstanding common shares (\"\n \n Shares\n \n \").  During the period ending\n \n May 30, 2022\n \n , the Company purchased for cancellation all of the 150,000 Shares it had sought and obtained approval to purchase under the Terminated Program through the facilities of the Toronto Stock Exchange (\"\n \n TSX\n \n \") and alternative Canadian trading systems in\n \n Canada\n \n for an approximate total cost of CDN\n \n $1,986,000\n \n and at a weighted average price paid per share of approximately CDN\n \n $13.24\n \n .\n \n \n The Company also announced today that the TSX has approved the commencement of a new normal course issuer bid (the \"\n \n New Program\n \n \"). Under the New Program, the Company is authorized to purchase up to 350,000 Shares including the 150,000 Shares purchased under the Terminated Program, for net new purchases of up to 200,000 Shares, together representing 1.05% of the issued and outstanding Shares as of\n \n June 10, 2021\n \n . The purchases will be made through the facilities of the TSX and/or any alternative trading system in\n \n Canada\n \n . As of\n \n May 30, 2022\n \n the issued and outstanding Shares of the Company were 33,312,714. The price the Company will pay for any Shares acquired will be the market price at the time of acquisition. Purchases under the New Program 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 J...