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REKO INTERNATIONAL GROUP INC. TO BUY BACK UP TO 286,420 OF ITS COMMON SHARES
REKO INTERNATIONAL GROUP INC. TO BUY BACK UP TO 286,420 OF ITS COMMON SHARES Canada New...
About this update from Reko Manufacturing Group Inc.
[{"type":"text","content":"\n \n \n \n REKO INTERNATIONAL GROUP INC. TO BUY BACK UP TO 286,420 OF 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 \n SUBSIDIARIES/DIVISIONS:\n \n \n \n \n \n \n \n Canada\n \n :\n \n \n \n \n \n \n Concorde Precision Machining Inc.\n \n \n \n \n Reko Manufacturing Group Inc.\n \n \n \n \n \n \n \n United States\n \n :\n \n \n \n \n \n \n Reko International Sales Inc.\n \n \n \n \n Reko International Holdings Inc.\n \n \n \n \n Concorde\n \n USA\n \n , LLC\n \n \n \n \n \n \n WINDSOR, ON\n \n \n ,\n \n \n Jan. 5, 2023\n \n \n /CNW/ - Reko International Group Inc. (TSXV: REKO) announced today the approval of a normal course issuer bid for 286,420 of its outstanding common shares.\n \n \n The notice provides that Reko may, during the 12-month period commencing\n \n January 9, 2023\n \n and ending\n \n January 8, 2024\n \n , purchase on the TSX Venture Exchange up to a total of 286,420 of its common shares, being approximately 5% of the outstanding common shares.  Matthew Larose of National Bank Financial will be the Member acting on behalf of Reko.  The price that Reko will pay for any such shares will be the market price at the time of acquisition.  The actual number of common shares which may be purchased and the timing of any such purchases will be determined by Reko.   All purchased shares will be cancelled. There are 5,728,413 common shares of Reko outstanding as of today.\n \n \n A shareholder may receive a copy of Form 5G, Notice of Intention to Make a Normal Course Issuer Bid by contacting the Company via e-mail at\n \n [email protected]\n \n ; or, by writing to the Company, Attention: Investor Relations, 469 Silver Creek Industrial Drive, Lakeshore,\n \n Ontario\n \n N8N 4W2.\n \n \n Reko believes that its common shares have been trading in a price range, which does not reflect their value in relation to Reko's business and its future business prospects.  As a result, depending upon future price movements and other factors, Reko believes that its outstanding common sh...