Cymbria Corporation Announces Normal Course Issuer Bid
13 May 2011 - 7:38AM
PR Newswire (Canada)
TORONTO, May 12 /CNW/ -- /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, May
12 /CNW/ - Cymbria Corporation (TSX: CYB) ("Cymbria" or "the
Company") announced today that it has filed a notice with the
Toronto Stock Exchange and received its approval to make a Normal
Course Issuer Bid ("NCIB") permitting the Company to purchase for
cancellation up to 10% of the public float of non-voting,
non-redeemable Class A shares ("Shares"), or 1,421,818 Shares.
Cymbria had 14,330,511 Shares issued and outstanding as at May 11,
2011. Cymbria may buy back Shares from time to time during the
twelve-month period beginning on May 16, 2011 and ending on May 15,
2012. Any purchases under the NCIB will be made through the
facilities of the TSX. In accordance with TSX rules, the Company
can purchase a maximum of 286,610 Shares during a 30-day period,
subject to certain TSX exceptions. The Company is implementing the
NCIB to allow it to purchase Shares if and when it makes sense to
do so. Under the Company's previous NCIB which expired on May 12,
2011, the Company purchased for cancellation 500 Shares at a
weighted average price of $14.10. ABOUT CYMBRIA CORPORATION Cymbria
Corporation is a non-redeemable investment fund with an investment
objective to provide shareholders with long-term capital
appreciation through an actively managed portfolio comprised
primarily of global equity securities and an investment in
EdgePoint Wealth Management Inc. Cymbria began trading on the TSX
on November 4, 2008 under the symbol CYB. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/May2011/12/c4168.html p
Patrick Farmer at 416.963.9353 or ia
href="mailto:farmer@edgepointwealth.com"farmer@edgepointwealth.com/a/i.
/p
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