WALL FINANCIAL CORPORATION ANNOUNCES INITIATION OF NORMAL COURSE ISSUER BID

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[{"type":"text","content":"\n \n \n \n WALL FINANCIAL CORPORATION ANNOUNCES INITIATION OF NORMAL COURSE ISSUER BID\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 March 10, 2023\n \n \n /CNW/ - WALL FINANCIAL CORPORATION (TSX: WFC) (the \"Company\") announced today that it will conduct a normal course issuer bid (a \"Bid\") to purchase up to 688,362 Common Shares (\"Shares\") in total, being approximately 10% of the Company's Public Float (as that term is defined in the policies of the Toronto Stock Exchange (the \"Exchange\")) as at\n \n March 9, 2023\n \n , through the facilities of the Exchange or through alternative Canadian trading systems by a registered investment dealer.\n \n \n \n \n \n \n \n \n \n The Bid, which will begin on\n \n March 15, 2023\n \n and end no later than\n \n March 14, 2024\n \n , has been approved by the Company's board of directors (the \"Board\") and by the Exchange and will be made in accordance with the applicable rules and policies of the Exchange, and applicable Canadian securities laws. Under the Bid, Shares may be repurchased in open market transactions on the Exchange and/or alternative Canadian trading systems, or by such other means as may be permitted by the Exchange and applicable Canadian securities laws. The price which the Company will pay for any such Shares will be the prevailing market price at the time of purchase.\n \n \n The average daily trading volume (\"ADTV\") for the six calendar months ended February 28, 2023 is 1,128. The total issued and outstanding common shares of the Company as of\n \n March 9, 2023\n \n is 32,453,365 and the total public float as of\n \n March 9, 2023\n \n is 6,883,627. The Company has determined the maximum number of Shares that may be purchased in one day will be 1,000 Shares.\n \n \n The Company has entered into an automatic securities purchase plan (the \"ASPP\") with CIBC World Markets Inc. (the \"Broker\") to allow for the repurchase of Shares at times when the Company ordinarily would not be active in the market due to its own i...

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