Datamark Inc -- Notice of Intention to Make a Normal Course Issuer Bid.MONTREAL--(BUSINESS WIRE)--Feb. 24, 1997--(ME:DMK DMK Denmark DMK Dravida Munnetra Kazhagam (political party in the state of Tamil Nadu, India) DMK Dystrophia Myotonica Kinase DMK Deluxe Mounting Kit (CB radio) DMK Dynamic Management Kit .) Jeffrey Zunenshine, co-Chief Executive Officer and President of Datamark Inc. ("Datamark"), whose common shares trade on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg (symbol DMK), is pleased to announce that Datamark has filed a notice of intention to make a normal course issuer bid, to acquire up to a maximum of 474,142 common shares of Datamark, said amount representing 5 percent of the issued and outstanding common shares of Datamark, over a twelve month period commencing on the 26th of February February: see month. , 1997 and ending on the 25th of February, 1998. During Datamark's normal course issuer bid in effect from February 19, 1996 to February 18, 1997, Datamark acquired 100,000 common shares in its capital stock at an average price of $2.30 per share. The above purchase will be made through the Montreal Exchange. The reasons for the normal course issuer bid is to increase the earnings per share of Datamark by reducing the outstanding common shares. CONTACT: Datamark Inc. Jeffrey Zunenshine, 514/367-4468 |
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