Stock Buybacks
By The Online Investor Staff, updated Mon., Jan. 24, 11:53 AM
| This Slide: #24 of 25 |
Slide #24. Hardwoods Distribution Inc.
Company:
Hardwoods Distribution Inc. (TSE:HDI.CA)
Share Amount Authorized:
1,855,938
Buyback Details:
Hardwoods Distribution Inc. ("HDI" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by the Company of its intention to make a Normal Course Issuer Bid (the "Bid") to be transacted through the facilities of the TSX or any alternative Canadian trading system. The notice provides that the Company may, during the period commencing on December 31, 2021 and ending on December 30, 2022, purchase up to 1,855,938 of its common shares ("Shares") in total, being approximately 10% of the Company's Public Float (as that term is defined in the policies of the TSX) based on 23,614,930 issued and outstanding Shares as at December 17, 2021. The price which the Company will pay for any such Shares will be the prevailing market price at the time of acquisition. The actual number of Shares which may be purchased pursuant to the Bid will be determined by management of the Company. All Shares will be purchased for cancellation.
Hardwoods Distribution, through its subsidiaries, is engaged in the distribution of architectural building products to customers that supply end-products to the residential and commercial construction markets. 
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