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PREMIUM BRANDS HOLDINGS CORPORATION ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID AND AUTOMATIC SHARE PURCHASE PLAN
PREMIUM BRANDS HOLDINGS CORPORATION ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID AND AUTOMATIC S...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"\n \n \n \n PREMIUM BRANDS HOLDINGS CORPORATION ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID AND 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 \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 27, 2023\n \n \n /CNW/ - Premium Brands Holdings Corporation (TSX: PBH) (the \"\n \n Company\n \n \") announced today that it has received approval from the Toronto Stock Exchange (the \"\n \n TSX\n \n \") respecting the renewal of its normal course issuer bid (\"\n \n NCIB\n \n \").\n \n \n Pursuant to the NCIB documentation filed with the TSX, the Company may purchase up to 2,231,469 common shares, representing 5% of the Company's 44,629,382 issued and outstanding common shares as of\n \n July 19, 2023\n \n . The purchases may commence on\n \n July 31, 2023\n \n and will terminate no later than\n \n July 30, 2024\n \n . Except for block purchases permitted under the rules and policies of the TSX, the number of shares to be purchased per day will not exceed 12,308, which represents 25% of the average daily trading volume for the six full calendar months ending\n \n June 30, 2023\n \n , which is 49,232 shares. The Company will make the purchases on the open market through the facilities of the TSX or any alternative Canadian trading system, and the prices that the Company will pay for any common shares will be the market price of such shares at the time of acquisition. All shares purchased by the Company will be cancelled.\n \n \n The renewal of the NCIB will follow the conclusion of the Company's previous NCIB that expired on\n \n July 25, 2023\n \n , under which the Company was authorized to purchase 2,239,887 common shares. From\n \n July 26, 2022\n \n to\n \n July 25, 2023\n \n , the Company purchased 184,586 common shares at a weighted average trading price of\n \n $81.77\n \n per share. All shares purchased by the Company under the previous NCIB were made on the open market through the facilities of the TSX or alternative trading systems in\n \n Canada\n \n and were cancelled.\n \n \n The Company also an...