11:50:56 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



5N Plus Inc
Symbol VNP
Shares Issued 83,599,133
Close 2017-02-21 C$ 1.81
Market Cap C$ 151,314,431
Recent Sedar Documents

5N Plus increases buyback to up to 2.1 million shares

2017-02-21 20:18 ET - News Release

Mr. Jean Mayer reports

5N PLUS INC. AMENDS ITS NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has approved an amendment to 5N Plus Inc.'s normal course issuer bid implemented on Oct. 11, 2016 (see company's news release of Oct. 5, 2016). Under the NCIB, 5N Plus now has the right to purchase for cancellation, from Oct. 11, 2016, to Oct. 10, 2017, a maximum of 2.1 million (previously 600,000) common shares, representing 4.73 per cent of the 44,416,731 shares forming 5N Plus's public float as at Oct. 3, 2016. As of Oct. 3, 2016, 5N Plus had 83,979,657 common shares issued and outstanding. During the NCIB period, subject to TSX and other regulatory authorities' approval, the company may consider purchasing for cancellation more than 2.1 million common shares up to a maximum of 4,441,673 common shares, representing 10 per cent of the company's public float. From the start of the implementation of the NCIB on Oct. 11, 2016, until today, the company has purchased for cancellation a total of 445,168 common shares.

In connection with its NCIB, 5N Plus has entered into an automatic share purchase plan with National Bank Financial Inc. to allow for purchases under the NCIB during 5N Plus's blackout periods, as permitted by the TSX company manual and the Securities Act (Quebec).

About 5N Plus Inc.

5N Plus is the leading producer of specialty metal and chemical products. Fully integrated with closed-loop recycling facilities, the company is headquartered in Montreal, Que., Canada, and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia. 5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications. Typical products include purified metals, such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals, and compound semiconductor wafers.

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