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Back to Home » June 2017 News » Element Announces Intention to Commence Normal Course Issuer Bid |
Element Announces Intention to Commence Normal Course Issuer Bid |
June 06, 2017
TORONTO, ONTARIO--(Marketwired - June 5, 2017) - Element Fleet Management Corp. (TSX:EFN) ("Element" or the "Company") today announced that it intends to file with the Toronto Stock Exchange (the "TSX") a notice of intention to commence a normal course issuer bid (the "Bid") for its common shares during the second quarter of 2017. If this notice is accepted by the TSX, the Company expects to repurchase for cancellation, at its discretion during the 12 months following such acceptance, up to 10% of the "public float" (calculated in accordance with the rules of the TSX) of the Company's issued and outstanding common shares. Purchases under the Bid will be conducted in the open market or as otherwise permitted, subject to the terms and limitations to be applicable to the Bid.
Source URL: http://www.marketwired.com/mw/release.do?id=2220183&sourceType=3
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