Dundee Bancorp Inc. Announcement.TORONTO--(BUSINESS WIRE)--March 24, 1998--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DBC See dBA. (language, parallel) DBC - A data-parallel bit-serial C based on MPL. SRC, Bowie MD. E-mail: <maya@super.org>. .A.) Dundee Bancorp Inc. today announced that purchases of a maximum of 1,969,023 of its class A subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. ("Subordinate Voting Shares"), representing approximately 10 percent of the "public float" (within the meaning of the TSE Policy Statement on Normal Course Issuer Bids) of the 25,673,802 Subordinate Voting Shares issued and outstanding, and 57,423 of its class B common shares ("Common Shares"), representing approximately 5 percent of the 1,148,476 issued and outstanding Common Shares, by means of a normal course issuer bid 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. ("TSE") will commence on March 26, 1998, and will terminate no later than March 25, 1999. The purchases will be made 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 by-laws BY-LAWS. Rules and ordinances made by a corporation for its own government. 2. The power to make by-laws is usually conferred by express terms of the charter creating the corporation, though, when not expressly granted, it is given by implication, and it is and rules of the TSE. The price paid for any shares acquired will be the market price at the time of purchase and all shares purchased under the bid will be cancelled. Dundee Bancorp purchased an aggregate of 1,082,600 Subordinate Voting at an average price of $30.00 per share through the facilities of the TSE under a normal course issuer bid which came into effect on March 26, 1997 and expires March 25, 1998. Dundee purchased no Common Shares under the above normal course issuer bid. Dundee believes that the purchase of its shares at current market values represents a good long-term investment for the Company and its shareholders. CONTACT: Dundee Bancorp Inc. Lori E. Beak, 416/365-5165 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion