Business
Neo Performance Materials Inc. Announces Normal Course Issuer Bid and Automatic Purchase Plan for its Common Shares
Neo Performance Materials Inc. Announces Normal Course Issuer Bid and Automatic Purchase ...
About this update from Neo Performance Materials, Inc.
[{"type":"text","content":"\n \n \n \n Neo Performance Materials Inc. Announces Normal Course Issuer Bid and Automatic Purchase Plan for its Common Shares\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 TORONTO\n \n ,\n \n June 1, 2021\n \n /CNW/ - Neo Performance Materials Inc. (\"\n \n Neo\n \n \" or the \"\n \n Company\n \n \") (TSX:  NEO) announced today that the Toronto Stock Exchange (the \"\n \n TSX\n \n \") has accepted a notice filed by Neo of its intention to make a Normal Course Issuer Bid (the \"\n \n Bid\n \n \") for up to 2,111,758 of its issued and outstanding common shares (the \"\n \n Shares\n \n \").  In connection with the Bid, the Company has entered into an automatic share purchase plan with its designated broker to allow for purchases of its Shares (the \"\n \n Share Purchase Plan\n \n \").\n \n \n Purchases of Shares under the Bid may commence on\n \n June 4, 2021\n \n and will terminate on\n \n June 3, 2022\n \n , or on such earlier date as the Bid is complete.  Purchases of Shares will be made through the facilities of the TSX or alternative Canadian trading systems in accordance with its rules or through the Share Purchase Plan.  Under the Share Purchase Plan, purchases may be made in the open market through the facilities of the TSX or alternative Canadian trading systems.  Purchases under the Share Purchase Plan will be determined by Neo's broker in its sole discretion, without consultation with the Company, subject to the limitations of the Share Purchase Plan and the rules of the TSX.  The Share Purchase Plan is considered an \"automatic plan\" for purposes of applicable Canadian securities laws and has been reviewed by the TSX.  The Share Purchase Plan was established to provide standard instructions regarding how the Shares are to be purchased under the Bid.  Accordingly, Neo may purchase its Shares in accordance with the Share Purchase Plan on any trading day during the Bid, including during self-imposed trading blackout periods.  The Company may otherwise vary, suspend or ter...