BNN Investments Announces Normal Course Issuer Bid.TORONTO -- BNN BNN Boston Neighborhood Network BNN Boundary Network Node (IBM) BNN Back-Propagation Neural Network BNN Biological Neural Network BNN Bart's Neverending Network (public-service TV network in The Netherlands) Investments Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BNB BNB Bed 'n Breakfast BNB Banco do Nordeste do Brasil (Brazil) BNB Banque Nationale de Belgique BNB Bulgarian National Bank BNB British National Bibliography BNB Bad News Bears (movie) ) announced today that it has received approval from the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. for its proposed normal course issuer bid to purchase up to 294,000 Common shares, representing approximately 10% of the public float of its currently outstanding Common shares. As of this date, there are 5,443,818 Common shares outstanding. Purchases pursuant to the bid will be made through the facilities of the Exchange. The period of the normal course issuer bid will be from August 23, 2005 to August 22, 2006, or such earlier date as BNN Investments may complete its purchases. The prices which the company will pay for any Common shares purchased through the facilities of the TSX will be the market price of the Common shares at the time of acquisition. Any Common shares acquired by the company will be cancelled. Under its current normal course issuer bid that commenced on August 12, 2004 and expired on August 11, 2005, BNN Investments purchased 10,500 Common shares through open market purchased on the TSX at an average price per share of C$74.84. BNN Investments believes that from time to time, the repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. of its Common shares can, from time to time, represent an attractive investment opportunity and provide additional liquidity to its shareholders. BNN Investments is a publicly listed investment company A listed investment company or LIC is an Australian closed end collective investment scheme similar to investment trusts in the UK. They are traded as other securities on the Australian stock market. See also
BNN Investments Ltd. (TSX:BNB) |
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