18:25:30 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



AlarmForce Industries Inc
Symbol AF
Shares Issued 11,634,458
Close 2015-06-29 C$ 10.40
Market Cap C$ 120,998,363
Recent Sedar Documents

AlarmForce receives TSX OK for 581,722-share buyback

2015-06-29 16:36 ET - News Release

An anonymous director reports

ALARMFORCE ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has approved AlarmForce's notice of intention to make a normal course issuer bid to purchase for cancellation, from time to time, its common shares through the facilities of the TSX and alternative Canadian trading platforms. AlarmForce has TSX approval to purchase for cancellation up to a maximum of 5 per cent of AlarmForce's issued and outstanding shares, being 581,722 shares. As of June 22, 2015, the total number of issued and outstanding shares was 11,634,458 shares. The price which AlarmForce will pay for any shares purchased by it will be the prevailing market price of the shares on the TSX or such other exchange or marketplace, as applicable, at the time of such purchase.

The NCIB will commence on July 3, 2015, and will terminate on July 2, 2016, or such earlier time as the NCIB is completed or terminated at the option of AlarmForce. During the period between June 26, 2014, and June 25, 2015, AlarmForce completed the purchase and cancellation of 69,800 shares under its previous normal course issuer bid at a volume-weighted average price of $10.50 per share.

AlarmForce believes that, from time to time, the market price of the shares may not fully reflect the underlying value of the shares and that, at such time, the purchase of shares represents attractive investment value and would be in the best interest of AlarmForce's shareholders. Such purchases will increase the proportionate interest of, and may be advantageous to, all remaining shareholders.

The actual number of shares that may be purchased and the timing of any such purchases will be determined by AlarmForce, subject to a maximum daily purchase limitation of 2,393 shares, which equal 25 per cent of the average daily trading volume for the six calendar months prior to June, 2015 (being 9,575 shares per day), except where purchases are made in accordance with block purchase exemptions under applicable TSX rules.

We seek Safe Harbor.

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