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Wishpond Announces Renewal of its Normal Course Issuer Bid and Results of Annual General and Special Meeting
Wishpond Announces Renewal of its Normal Course Issuer Bid and Results of Annual General ...
About this update from Wishpond Technologies Ltd.
[{"type":"text","content":"\n \n \n \n Wishpond Announces Renewal of its Normal Course Issuer Bid and Results of Annual General and Special Meeting\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 TSX Venture Exchange accepts notice by Wishpond of its intention to buy back its shares\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 15, 2022\n \n \n /CNW/ -\n \n Wishpond Technologies Ltd.\n \n (TSXV: WISH) (OTCQX: WPNDF) (\"\n \n Wishpond\n \n \" or the \"\n \n Company\n \n \"), a provider of marketing-focused online business solutions, is pleased to announce that the TSX Venture Exchange (the \"\n \n Exchange\n \n \") has accepted a notice filed by the Company of its intention to make a Normal Course Issuer Bid (the \"\n \n Bid\n \n \") to be transacted through the facilities of the Exchange.\n \n \n \n \n \n \n \n \n \n The board of directors of the Company (the \"\n \n Board\n \n \") believes that, at times, the market price of the Company's common shares (the \"\n \n Shares\n \n \") does not properly reflect the underlying value of the Shares. As such, depending upon future price movements and other factors, the Board believes that the purchase of the Shares would be a desirable use of corporate funds in the best interests of the Company and its shareholders. Furthermore, the purchases are expected to benefit all persons who continue to hold Shares by increasing their equity interest in the Company if the repurchased Shares are cancelled.\n \n \n The notice provides that the Company may, during the 12-month period commencing\n \n June 20, 2022\n \n and ending\n \n June 19, 2023\n \n , purchase up to 2,613,316 Shares in total, being 5% of the total number of 52,266,332 Shares outstanding as at\n \n June 3\n \n , 2022.  The price which the Company will pay for any such Shares will be the prevailing market price at the time of acquisition. The actual number of Shares which may be purchased pursuant to the Bid and the timing of any such purchases will be determined by management of the Company. Purchases under the Bid will be made from time to t...