GEAC announces Toronto Stock Exchange acceptance of Notice of Intention to renew Normal Course Issuer Bid
19 August 2005 - 3:13AM
PR Newswire (US)
MARKHAM, ON and SOUTHBOROUGH, MA, Aug. 18 /PRNewswire-FirstCall/ --
Geac Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC), a
global enterprise software company that addresses the needs of
CFOs, today announced acceptance by the Toronto Stock Exchange (the
"TSX") of Geac's Notice of Intention to make a Normal Course Issuer
Bid (the "NCIB"). This NCIB effectively renews the normal course
issuer bid announced on August 18, 2004 which expires on August 19,
2005. Pursuant to the NCIB, Geac proposes to purchase, from time to
time, if it is considered advisable, up to 8,467,838 Common Shares
of Geac, representing approximately 10% of its public float, being
approximately 9.75% of its 86,849,621 issued and outstanding Common
Shares as of the close of business on August 17, 2005, on the TSX
commencing August 22, 2005. The Board of Directors of Geac believes
that any such purchases will be in the best interests of Geac and
are a desirable use of corporate funds. All Common Shares purchased
by Geac pursuant to the NCIB will be cancelled. The NCIB will
expire on August 21, 2006. About Geac Geac (TSX: GAC, NASDAQ: GEAC)
is a leading global provider of software and services for
businesses and governmental bodies providing customers with
financial and operational technology solutions to optimize their
financial value chain. Further information is available at
http://www.geac.com/ or through email at . This press release may
contain forward-looking statements based on current expectations.
Important factors that could cause a material difference between
these forward-looking statements and actual events include those
set forth under the heading "Risks and Uncertainties" in Geac's
Management Discussion and Analysis for the fiscal year ended April
30, 2005 contained in the Report of Foreign Issuer on Form 6-K
filed with the United States Securities and Exchange Commission on
June 23, 2005, copies of which are available through the website
maintained by the SEC at http://www.sec.gov/ and in Geac's
Management Discussion and Analysis for the fiscal year ended April
30, 2005 filed with the Canadian Securities Administrators on June
22, 2005 and available through the website maintained by the
Canadian Depository for Securities Limited at
http://www.sedar.com/. Geac is a registered trademark of Geac
Computer Corporation Limited. All other marks are trademarks of
their respective owners. DATASOURCE: Geac Computer Corporation
Limited CONTACT: Investor and Media Contact: Alys Scott, Vice
President, Global Communications & Investor Relations, Geac,
(508) 871-5854,
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