Le Château announces TSX approval of normal course issuer bid
19 Jun '08
1 min read
Le Château Inc announced that it has received approval from the Toronto Stock Exchange for its normal course issuer bid previously announced on June 5, 2008.
The bid will commence on June 19, 2008 and end 12 months later, or on such earlier date as the Company may complete its purchases pursuant to the bid.
Under the bid, the Company may purchase up to 925,148 Class A subordinate voting shares of the Company.
In accordance with TSX requirements and subject to certain exceptions for block purchases, a maximum daily repurchase of 6,839 shares may be made.