Calian Technology Announces Final Results of Issuer Bid.Business Editors KANATA, Ontario--(BUSINESS WIRE)--Dec. 7, 2001 Calian Technology Ltd. ("Calian") (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CTY CTY - /sit'ee/ or /C-T-Y/ [MIT] The terminal physically associated with a computer's system console. The term is a contraction of "Console tty", that is, "Console TeleTYpe". .) today announced the final results of its offer to purchase up to $5 million worth of its common shares. The offer expired ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. on Friday, November 30, 2001. Calian confirmed that it will purchase for cancellation 1,785,714 common shares, or approximately 18.3% of its outstanding shares, at a purchase price per share of $2.80. CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company Mellon Trust Company, the depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. for the bid, reported that 1,799,156 common shares were deposited at the purchase price. Approximately 99% of each tender will be taken up. An additional 1,242 shares will be purchased by Calian for odd lots resulting from the pro-ration process, bringing the aggregate total of shares purchased to 1,786,956. After the purchase of the shares by Calian, the number of common shares outstanding will be 7,987,745. Payment for shares will be made by December 12, 2001. Return of shares not purchased will be made as promptly as possible. About Calian Calian Technology Ltd. (TSE:CTY) sells systems engineering and staffing/outsourcing services to industry and government. |
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