MBN Corporation announces an Equity Buyback for 354,128 shares, representing 7.65% of its issued capital.
September 16, 2019 at 05:00 am
MBN Corporation (TSX:MBN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 354,128 shares, representing 7.65% of its issued and outstanding share capital. The company will cancel all equity shares purchased pursuant to the bid. The bid will commence from September 23, 2019, and will continue for a period of 12 months, until September 22, 2020. As of September 9, 2019, the company had 4,630,098 issued and outstanding shares.