AirBoss Announces Normal Course Issuer Bid.Business Editors TORONTO--(BUSINESS WIRE)--Nov. 20, 2000 AirBoss of America Corp. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BOS.) announced that it intends in the immediate future, subject to completion of regulatory filings and approvals, to initiate a normal course issuer bid for up to 2,116,000 common shares. Purchases under the normal course issuer bid will be made through the facilities of the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and will be undertaken 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 Exchange's issuer bid policies. Under the issuer bid, AirBoss may, from time to time in its discretion, acquire up to 2,116,000 common shares being approximately 10% of the public float of 21,162,992 of the 22,797,073 issued and outstanding Common Shares as at November 13, 2000, during the twelve month period following the commencement of the bid. No more than 455,000 shares may be purchased by AirBoss in any 30 day period under the bid. The duration of the bid is from November 22, 2000 to November 21, 2001. All shares purchased under the bid will be cancelled by the Corporation. Robert Hagerman, President of AirBoss, said "We believe that at current market prices our common shares are undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . The acquisition of common shares under the issuer bid is expected to be anti-dilutive to continuing shareholders." Issuer bid purchases will be financed out of general working capital. AirBoss is one of North America's largest rubber mixing companies specializing in custom rubber mixing and compound development. AirBoss is also a manufacturer of rubber and plastic products specialising in patented parts for the transportation industry and is a world leader in military protective wear. AirBoss is listed on the Toronto Stock Exchange under the symbol BOS. AirBoss of America Corp. Suite 3210, 130 Adelaide Street West Toronto, Ontario, Canada, M5H 3P5 Tel: 416-368-BOSS (2677) Fax: 416-368-4448 www : airbossofamerica.com Toronto Stock Exchange Symbol: BOS AIRBOSS FORWARD-LOOKING STATEMENT forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. DISCLAIMER (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the This report contains forward-looking statements which reflect management's best judgement based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including but not limited to risks more fully described in the "Risk factors" section of the Company's Annual Report, and other risks detailed in filings with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. . Forward-looking information provided pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. established by recent securities legislation should be evaluated in the context of these factors. |
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