Guardian Capital Group Limited Announces Normal Course Issuer Bid
17 Novembre 2011 - 4:22PM
Marketwired
Guardian Capital Group Limited ("Guardian") (TSX:GCG)(TSX:GCG.A)
announced today that it intends to purchase by means of a Normal
Course Issuer Bid, during the period from November 18, 2011 to
November 17, 2012, up to 99,435 or 2% of its outstanding Common
Shares, entitled to one vote per share, and up to 2,239,785 or 10%
of its Public Float of non-voting Class A Shares. These shares will
be purchased at market prices, on the Toronto Stock Exchange. There
were 4,971,748 Common Shares and 28,872,219 Class A Shares
outstanding at November 7, 2011. Guardian intends to purchase the
shares for cancellation because it believes that, from time to
time, the shares are undervalued at prevailing market prices, based
on Guardian's earnings and prospects and accordingly, Guardian is
of the opinion that the purchase of shares is an appropriate use of
corporate funds to increase shareholder value.
In the last 12 months under its previous Normal Course Issuer
Bid, in effect during the period from November 16, 2010 to November
15, 2011, Guardian purchased for cancellation no Common Shares and
287,550 Class A Shares, at an average price of $9.75 per Class A
Share. All of these shares were purchased prior to October 31,
2011.
The average daily trading volume for Guardian's shares on the
Toronto Stock Exchange during the period of May 1, 2011 to October
31, 2011, excluding purchases made by Guardian under its previous
Normal Course Issuer Bid during the same period, was as follows:
Common Shares - 1,010 shares; and Class A Shares - 29,000 shares.
Except as otherwise permitted by the Toronto Stock Exchange, daily
purchases under the bid will be limited to 1,000 Common Shares and
7,250 Class A Shares, other than block purchase exceptions.
Guardian has filed a Notice of Intention in this regard, with
the Toronto Stock Exchange, which Notice has been accepted by the
Exchange.
Contacts: Guardian Capital Group Limited C. Verner Christensen
(416) 947-4093 Guardian Capital Group Limited George Mavroudis
(416) 364-8341
Guardian Capital (TSX:GCG)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Guardian Capital (TSX:GCG)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024