Business
LFL Group (Leon's Furniture Limited) Enters Into Automatic Share Purchase Plan
LFL Group (Leon's Furniture Limited) Enters Into Automatic Share Purchase Plan ...
About this update from Leon's Furniture Limited
[{"type":"text","content":"LNF-Entered-ASPP\n \n \n \n LFL Group (Leon's Furniture Limited) Enters Into Automatic Share Purchase Plan\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 TORONTO, Sept. 30, 2020\n \n \n \n \n \n TORONTO\n \n ,\n \n Sept. 30, 2020\n \n /CNW/ - Leon's Furniture Limited (\n \n \"LFL\" or \"Leon's\"\n \n ) (TSX: LNF) today announced that it has entered into an automatic share purchase plan (\n \n \"ASPP\"\n \n ) with its broker, National Bank Financial Inc. (\n \n \"National Bank\"\n \n ), in order to facilitate repurchases of common shares under its previously announced normal course issuer bid (\n \n \"NCIB\"\n \n ).\n \n \n Leon's previously announced that it had received approval from the Toronto Stock Exchange (\n \n \"TSX\"\n \n ) to repurchase for cancellation up to 4,010,999 common shares under its NCIB, which commenced on September 15, 2020, and expires on September 14, 2021. Under the NCIB, Leon's may repurchase common shares through the facilities of the TSX or alternate Canadian trading systems. All repurchased common shares will be cancelled.\n \n \n Under the ASPP for Leon's, National Bank may purchase common shares at times when Leon's ordinarily would not be active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by National Bank based upon parameters set by Leon's prior to the commencement of any such blackout period and in accordance with the terms of the ASPP.\n \n \n \n About Leon's Furniture Limited\n \n \n \n LFL is the largest retailer of furniture, appliances and electronics in\n \n Canada\n \n . Our retail banners include: Leon's; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick's Midnorthern Appliance banner alongside Leon's Appliance Canada banner, this makes the Company the country's largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 306 retail stores from coast to coast in\n \n Canada\n \n under various banners. The Company o...