Inscape Announces Normal Course Issuer Bid
(firmenpresse) - HOLLAND LANDING, ONTARIO -- (Marketwire) -- 09/28/11 -- Inscape Corporation (TSX: INQ) ("Inscape" or the "Company"), a leading designer and manufacturer of innovative solutions for today's constantly evolving workplace, offering a range of award winning products, including office furniture systems, filing and storage, desking, casegoods and architectural products, today announced that its previously announced normal course issuer bid (the "Bid") has been approved by the Toronto Stock Exchange (the "TSX").
Under the terms of the Bid, Inscape may purchase, through the facilities of the TSX, up to 457,616 of its 9,152,320 Class B subordinated voting shares, representing 5% of its issued and outstanding shares as of September 26, 2011. Pursuant to TSX policies, daily purchases will be limited to 1,000 Class B subordinated voting shares, other than block purchase exceptions.
The purchases will commence on September 30, 2011 and end on September 29, 2012, or on such earlier date as Inscape completes its purchases of 457,616 shares. Purchases of the Class B subordinated voting shares under the Bid will be made at market prices and otherwise in accordance with the rules of the TSX. All purchased shares will be cancelled.
Inscape believes that the purchase of its Class B subordinated voting shares at prevailing market prices may be a worthwhile investment and in the best interests of both Inscape and its shareholders.
Forward-Looking Statements
Certain of the above statements are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of many factors.
About Inscape
Inscape Corporation is a leading designer, manufacturer and marketer of office systems, storage and architectural wall solutions for commercial office environments. Headquartered in Holland Landing, Ontario, the company has offices and production facilities in Canada and the United States totalling approximately 438,000 square feet and serves customers through a network of authorized dealers. For more information, please visit .
Contacts:
Inscape Corporation
Kent Smallwood, CA
Chief Financial Officer
905-836-7676
905-836-5037 (FAX)
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Datum: 28.09.2011 - 18:26 Uhr
Sprache: Deutsch
News-ID 70720
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Town:
HOLLAND LANDING, ONTARIO
Kategorie:
Furniture and Furnishings
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