Stock Buybacks
By The Online Investor Staff, updated Wed., Jun. 29, 8:20 AM
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Slide #3. MTY Food Group Inc.
Company:
MTY Food Group Inc. (TSE:MTY.CA)
Share Amount Authorized:
1,220,673
Buyback Details:
MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange ("TSX") has approved the renewal of MTY's normal course issuer bid ("NCIB"). Under the normal course issuer bid, MTY may purchase for cancellation up to 1,220,673 common shares during the period starting July 3, 2022 and ending July 2, 2023, representing approximately 5% of the 24,413,461 outstanding common shares, as at June 23, 2022. MTY will make any purchases in accordance with the rules and policies of the TSX and through the facilities of the TSX or alternative trading systems in Canada at the prevailing market prices.
MTY Food Group is a franchisor engaged in the quick service food industry. Co.'s activities consist of franchising and operating quick service restaurants under the following banners: Tiki Ming, Sukiyaki, La Cremiere, Caferama, Au Vieux Duluth Express, Carrefour Oriental, Panini Pizza Pasta, Chick 'N' Chick, Franx Supreme, Croissant Plus, Villa Madina, Cultures, Thai Express, Mrs. Vanelli's, Kim Chi, "TCBY", Yogen Früz, Sushi Shop, Koya Japan, Vie & Nam, Tandori, O'Burger, Tutti Frutti, Taco Time, Country Style, Bunsmaster and Valentine. As of Nov 30 2010, Co. had 1,727 stores in operation, of which 1,701 stores were franchised and 26 stores were operated by Co. 
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