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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 p...
About this update from Neo Performance Materials, Inc.
[{"type":"text","content":"\n\n\n\nNeo Performance Materials Inc. announces normal course issuer bid and automatic purchase plan for its common shares\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\nCanada NewsWire\nTORONTO, March 19, 2018\n\n\n\nTORONTO, March 19, 2018 /CNW/ - Neo Performance Materials Inc. (\"Neo\" or the \"Company\") (TSX: NEO) announced today that the Toronto Stock Exchange (the \"TSX\") has accepted a notice filed by Neo of its intention to make a Normal Course Issuer Bid (the \"Bid\") for up to 1,996,078 of its issued and outstanding common shares (the \"Shares\"). 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 \"Share Purchase Plan\"). \n\nPurchases of Shares under the Bid may commence on March 21, 2018 and will terminate on March 20, 2019, or on such earlier date as the Bid is complete. Purchases of Shares may be made in the open market through the facilities of the TSX or alternative 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.  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 terminate the Share Purchase Plan only if it does not have material non-public information, the decision to vary, suspend or terminate the Share Purchase Plan is not taken during a self-imposed trading blackout period and any variation, suspension or termination is made in accordance with the terms of the Share Purchase Plan.\n\nThe average daily trading volume of the Shares fo...