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SHAWCOR RENEWS NORMAL COURSE ISSUER BID
SHAWCOR RENEWS NORMAL COURSE ISSUER BID
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[{"type":"text","content":"\n\n\n\n Nov. 30, 2010 (Canada NewsWire Group) -- \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(TSX: SCL.A, SCL.B)\n\n\nTORONTO, Nov. 30 /CNW/ - ShawCor Ltd. ("ShawCor") (TSX: SCL.A, SCL.B)\n today announced that it has received approval from the Toronto Stock\n Exchange ("TSX") to renew its normal course issuer bid for a further\n one year period. ShawCor's normal course issuer bid will now expire on\n November 30, 2011 in accordance with rules of the TSX.\n\n\nUnder ShawCor's previously approved issuer bid entered into on December\n 1, 2004 and last renewed on December 1, 2009, ShawCor has purchased an\n aggregate of 5,573,600 Class A Subordinate Voting Shares (the "Class A\n Shares") at a weighted average price of $25.38. All such shares have\n been cancelled.\n\n\nAs approved by the TSX, during the period of December 1, 2010 to\n November 30, 2011, ShawCor is now authorized to acquire, through the\n facilities of TSX, up to 2,000,000 of the currently issued and\n outstanding Class A Shares and up to 100,000 of the currently issued\n and outstanding Class B Multiple Voting Shares (the "Class B Shares").\n These two amounts comprise approximately 3.89% and 7.45% of the public\n float outstanding as at November 24, 2010 for Class A Shares and Class\n B Shares respectively. Daily purchases will be limited to 28,238 Class\n A Shares and 1,000 Class B Shares, other than block purchase\n exemptions. All Class A Shares and Class B Shares purchased under the\n normal cour...