Cymbria Corporation Announces Normal Course Issuer Bid
May 17 2012 - 8:30AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ TORONTO, May 17, 2012 /CNW/ -
Cymbria Corporation ("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 of up to
1,421,059 non-voting, non-redeemable Class A Shares (the "Shares")
representing 10% of the Company's public float of Shares as of May
14, 2012. As of May 14, 2012, Cymbria had a total
of 14,326,467 Shares issued and outstanding. Cymbria may buy back
Shares from time to time during the twelve-month period beginning
on May 17, 2012 and ending on May 16, 2013. 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 286,529
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 15, 2012, the Company purchased for
cancellation 173,000 Shares at a weighted average price of $11.95.
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. Cymbria Corporation CONTACT: Patrick Farmer at
416.963.9353 or farmer@edgepointwealth.com
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