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Premium Brands Holdings Corporation Announces Approval of Normal Course Issuer Bid
Premium Brands Holdings Corporation Announces Approval of Normal Course Issuer Bid ...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"\n\n\n\nPremium Brands Holdings Corporation Announces Approval of Normal Course Issuer Bid\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\nVANCOUVER, Nov. 20, 2018\n\n\n\nVANCOUVER, Nov. 20, 2018 /CNW/ - Premium Brands Holdings Corporation (TSX:PBH) (the \"Corporation\") announced today that the Toronto Stock Exchange (the \"TSX\") has accepted its notice of intention to make a normal course issuer bid (\"NCIB\") to purchase for cancellation up to 1,688,266 common shares, representing 5% of the Corporation's issued and outstanding common shares.\nAs of November 19, 2018, the Corporation had 33,765,329 common shares issued and outstanding. In accordance with applicable TSX rules, daily purchases under the NCIB will not exceed 26,256 common shares, which represent 25% of the average daily trading volume of the common shares for the 6 month period ending October 31, 2018, being 105,027 common shares. In addition, the Corporation may, once per calendar week, make a block purchase of common shares not owned, directly or indirectly, by insiders of the Corporation.\nThe NCIB will begin on November 22, 2018 and will terminate on November 21, 2019, or on such earlier date as the Corporation completes the purchase of the maximum number of common shares permitted under the NCIB. All purchases will be made on the open market through the facilities of the TSX and/or alternative Canadian trading platforms, in accordance with their policies. The price to be paid by the Corporation for its common shares will be the market price at the time of purchase. Any common shares purchased by the Corporation under the NCIB will be cancelled.\nFrom time to time, when the Corporation does not possess material non-public information about itself or its securities, it may enter into a pre-defined purchase plan with its broker to allow for the repurchase of common shares at times when the Corporation's internal trading blackout periods, insider trading or other rules prohibit such repurchases. Any such plan will be adopted in accordance with applicable Canadian securities laws and t...