Taiga Announces Normal Course Issuer Bid

About this update from Taiga Building Products Ltd.

[{"type":"text","content":"\n\n\n\nTaiga Announces 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nBURNABY, BC, Aug. 8, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n BURNABY, BC, Aug. 8, 2019 /CNW/ - Taiga Building Products Ltd. (\"Taiga\" or the \"Company\") (TSX: TBL) announces that the Toronto Stock Exchange (the \"TSX\") has accepted Taiga's notice of intention to make a normal course issuer bid (the \"NCIB\") for its common shares (Trading Symbol: TBL) (the \"Common Shares\") through the facilities of the TSX or any other Canadian public marketplace or alternative trading system. On August 13, 2019, Taiga may commence making purchases, from time to time, up to a maximum of 5,778,181 of its 115,563,638 outstanding Common Shares as at the date hereof, representing 5% of the outstanding Common Shares. The actual number of Common Shares which may be purchased pursuant to the NCIB will be determined by the Company. The NCIB will terminate on August 12, 2020 or earlier if Taiga has completed its purchases of the securities subject to the NCIB. Purchases may be suspended by Taiga at any time and Taiga reserves the right to terminate the NCIB earlier if it determines it is appropriate to do so.\nTaiga believes that the NCIB is in the best interests of the Company and its shareholders and that the NCIB represents a desirable use of corporate funds. Any Common Shares acquired pursuant to the NCIB will be purchased at the prevailing market price up to a daily maximum of 1,820 Common Shares, being 25% of the average daily trading volume for the last six completed calendar months of 7,282 Common Shares, subject to the block purchase exemption, and will be cancelled following purchase. \nIn the previous 12 months from the date here (August 1, 2018 – July 31, 2019), the maximum number of Common Shares that the Company sought and obtained approval to purchase under its prior normal course issuer bid (the \"Prior NCIB\") was 5,841,155 Common Shares and 75...

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