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TORONTO,
May 14, 2013 /CNW/ - Cymbria
Corporation (TSX: CYB) ("Cymbria" or "the Company") announced today
that it has filed a notice with the Toronto Stock Exchange ("TSX")
and received its approval to make a Normal Course Issuer Bid
("NCIB") permitting the Company to purchase for cancellation of up
to 1,432,275 non-voting, non-redeemable Class A Shares (the
"Shares") representing 10% of the Company's public float of Shares
as of May 9, 2013. As of
May 9, 2013, Cymbria had a total of 14,438,625 Shares
issued and outstanding.
Cymbria may buy
back Shares from time to time during the twelve-month period
beginning on May 17, 2013 and ending
on May 16, 2014. 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 288,772 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 expires
on May 16, 2013, the Company
purchased for cancellation 254,500 Shares at a weighted average
price of $13.12.
ABOUT CYMBRIA
CORPORATION
Cymbria's
investment objective is to provide shareholders with long-term
capital appreciation through an actively managed portfolio
comprised primarily of global equities and an investment in
EdgePoint Wealth Management Inc. Cymbria began trading on the TSX on
November 4, 2008 under the symbol
CYB.
SOURCE Cymbria Corporation