Agrium Inc. Authorizes Share Purchase Program.CALGARY, Alberta--(BUSINESS WIRE)--Sept. 5, 1996-- Agrium Inc. announced today that it intends to purchase up to five percent, or approximately 3.3 million, of its outstanding common shares, commencing September 6, 1996 and concluding no later than September 5, 1997. The Company has filed a Notice of Intention to make a Normal Course Issuer Bid with the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and, subject to regulatory approval, intends to initiate purchases from time to time in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the rules of the Exchange. Commenting on the Company's decision, John M. Van Brunt brunt n. 1. The main impact or force, as of an attack. 2. The main burden: bore the brunt of the household chores. , President and Chief Executive Officer said "While we continue to pursue our strategic growth objectives, we believe the purchase of our shares in the current market is consistent with our focus on increasing shareholder value. Our operations continue to generate substantial earnings and cash flow, and we are confident that markets for all nutrients will continue strong. In addition the Company has access to significant sources of capital, if required for future growth opportunities." Earlier this year Agrium completed a similar five percent share purchase program, which resulted in the purchase of 3.3 million of the Company's common shares. Agrium Inc., with headquarters in Calgary, Alberta, is one of North America's largest integrated and diversified diversified (di·verˑ·s fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth. companies. CONTACT: Agrium Inc. Gordon A. Milne 403/258-4615 or Agrium Inc. Dick Nichols Richard Nichols (born April 29, 1926) is a U.S. Representative from Kansas. Born in Fort Scott, Kansas, Nichols attended public schools. He earned his B.S. from Kansas State University in 1951. He was ensign in the United States Navy from 1944 to 1947. 403/258-5746 dnichols@agrium.com (Internet) |
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