Stock BuybacksBy The Online Investor Staff, updated Wed., Sep. 23, 8:52 PM
|This Slide: #17 of 25|
Slide #17. Leon's Furniture Limited
Leon's Furniture Limited (TSE:LNF.CA)
Share Amount Authorized:
Leon's Furniture Limited ("Leon's" or the "Company") (TSX: LNF), today announced that it has received approval for a common share repurchase programme on The Toronto Stock Exchange. The Company intends to repurchase for cancellation a maximum of 4,010,999 Common Shares representing 4.99% of the total number of its 80,380,746 issued and outstanding Common Shares as at September 4, 2020. The average daily trading volume for the six months ending August 31, 2020 was 12,497. Therefore, other than block purchase exemptions, daily purchases will be limited to 3,124 common shares on the Toronto Stock Exchange.
Leon's Furniture is engaged in the retailing of home furnishings, electronics and appliances across Canada from Alberta to Newfoundland and Labrador, and focuses on selling merchandise and services to middle and upper-middle income individuals and families. Co.'s product selections include home furnishings, major appliances and home electronics. As of Dec. 31, 2011, Co. owns a chain of 41 retail stores operating as Leon's Home Furnishings Super Stores, two retail stores operating under the brand of Appliance Canada and operates an ecommerce internet site www.leons.ca. Co. also has 27 franchisees operating 32 franchise stores.
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