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Input Capital to buy back up to 6.5M shares

2018-12-14 08:27 ET - News Release

Mr. Doug Emsley reports

INPUT CAPITAL CORP. ANNOUNCES RENEWAL OF SHARE REPURCHASE PLAN

Input Capital Corp. intends to make a normal course issuer bid for up to 6,500,856 of its Class A common shares, representing approximately 10 per cent of Input's public float. It has received all required regulatory approvals including approval by the TSX Venture Exchange.

The bid will commence on Dec. 18, 2018, and continue until the earlier of Dec. 17, 2019, and the date by which Input has acquired the maximum shares which may be purchased under the bid. The bid will be made through the facilities of the TSX Venture Exchange, or such other designated exchange as that term is defined by applicable Canadian securities laws, and the purchase and payment for the shares will be made in accordance with TSX Venture Exchange requirements, or such other designated exchange, at the market price of the shares at the time of acquisition. All shares purchased by Input under the bid will be cancelled.

Input has appointed GMP Securities LP as its broker to conduct the normal course issuer bid transactions.

Management of Input believes that the shares have been trading in a price range which does not adequately reflect their value and that the purchase of the shares under the bid will enhance shareholder value in general.

About Input Capital Corp.

Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. The company has developed several flexible and competitive forms of financing, which help Western Canadian canola farmers solve working capital, mortgage finance and canola marketing challenges and improve the financial position of their farms. Under a streaming contract, Input provides capital in exchange for a stream of canola through multiyear fixed-volume canola purchase contracts.

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