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Danier Leather reports fiscal 2010 Q3 results
04 May '10
3 min read
During the third quarter of fiscal 2010, Danier repurchased 1,120,000 subordinate voting shares under a modified "Dutch Auction" substantial issuer bid at a purchase price of $6.25 per share. The subordinate voting shares repurchased under the substantial issuer bid represented approximately 23.88% of the total issued and outstanding subordinate voting shares as of March 8, 2010 and, immediately following the purchase and cancellation of those shares, approximately 3,569,940 subordinate voting shares remained outstanding. For further details, see note 6(d) to the accompanying unaudited interim consolidated financial statements of the Company.
Danier continues to maintain a strong balance sheet with cash of $32.3 million, working capital of $39.5 million and no long-term debt.
Danier continues to maintain a strong balance sheet with cash of $32.3 million, working capital of $39.5 million and no long-term debt.
Danier Leather Inc
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