>>
Home / Knowledge / News / Fashion / Danier Leather proposes 'Normal course issuer bid'

Danier Leather proposes 'Normal course issuer bid'

05
May '08
Danier Leather Inc announced that the Toronto Stock Exchange has accepted a notice filed by the Corporation of its intention to make a normal course issuer bid.

The Corporation currently has 5,052,100 subordinate voting shares issued and outstanding. The notice provides that the Corporation may, during the 12-month period commencing May 6, 2008 and ending May 5, 2009, or such earlier date as the Corporation may complete its purchases under the bid, repurchase on the facilities of the TSX up to 292,638 subordinate voting shares, being approximately 10% of the Corporation's public float of 2,926,384 subordinate voting shares as of the date of the notice.

Daily purchases of shares will not exceed 1,000 shares, subject to the Corporation's ability to make "block" purchases under the rules of the TSX.

The price which the Corporation will pay for any such shares will be the market price at the time of acquisition. The actual number of subordinate voting shares which may be purchased and the timing of any such purchases will be determined by the Corporation, in accordance with the rules of the TSX.

Under its previous normal course issuer bid undertaken with the approval of and pursuant to the rules of the TSX, the Corporation purchased an aggregate of 292,500 subordinate voting shares through the facilities of the TSX at a weighted average price per subordinate voting share of Cdn.$9.39 during the 12-month period between April 23, 2007 and April22, 2008.


Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Textiles | On 17th Jan 2022

Vietnamese parliament approves economic stimulus package for recovery

The first extraordinary session of Vietnam’s 15th National Assembly...

Pic: Dreamstime.com

Textiles | On 17th Jan 2022

Industrial production up by 2.3% in euro area, 2.5% in EU: Eurostat

In November 2021, the seasonally adjusted industrial production rose...

Pic: Shutterstock

Textiles | On 17th Jan 2022

Inflation in China tame in 2021 amid stable economy

China's inflation largely remained tame throughout 2021—barring a...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

K Madhavan,

K Madhavan

Established in 2005 by P Manjunath, Peps is India's largest inner spring...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Gloria Jeans
Gap International Sourcing Limited
Rosset ;& Cia Limited
G-Star Raw C.V.
Seasalt Limited
Gokaldas Exports Limited
Lifestyle
Alix Partners
Sateri (Jiujiang) Fiber Co.,Ltd
Sportswear Company Spa
Varner AS Retail
Esprit Europe Services GmbH
Eastman Chemical Company
Reiter India Private Limited
Lenzing Aktiengesellschaft
KAS Direct Sourcing
Restoque S.A.
SHAHI Exports Pvt Ltd

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search