Mr. Dennis Danzik reports
RDX BOARD APPROVES STOCK BUYBACK PLAN
RDX Technologies Corp.'s board of directors has approved a share buyback plan for the next year.
RDX announces that subject to the rules of the TSX Venture Exchange, a stock buyback
plan will commence as soon as an approved brokerage account can be
established. The stock buyback plan will run through August of 2014,
but the stated shares can be purchased beginning when the approved
brokerage account is established. All shares will be purchased through
a broker/member at the market price based on the last independent trade
of RDX shares. RDX will only transact through a broker/member in the
public market. Notice will be give if RDX changes brokers. All trades
must be done through the TSX-V; there will be no prearranged trades,
crosses or private trades. All shares purchased will be cancelled.
Dennis M. Danzik, RDX chief executive officer, stated: "This is one of the steps that the
company will be taking to clean up our capital structure over the next
12 months. By reducing the number of outstanding shares, we believe
we are creating more flexibility as a company and anticipate steadily
increasing our shareholder value. Another foundational step in a long-term process to build a value-based organization."
We seek Safe Harbor.
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