This termination and replacement will facilitate the Company’s repurchases in connection with its Normal Course Issuer Bid on the
Stella-Jones confirms that at the time of sending the notice of termination under the automatic share repurchase plan, it was not aware of any privileged information or any material fact or material change with respect to the Company or any of its securities that has not been generally disclosed.
Following the termination and replacement of the automatic share repurchase plan, the Normal Course Issuer Bid remains in effect on the same terms as previously announced and disclosed.
The Board of Directors of Stella-Jones continues to believe that the repurchase of common shares represents an attractive and responsible investment of capital and is in the best interests of Stella-Jones and its shareholders.
ABOUT STELLA-JONES
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such items include, among others: general political, economic and business conditions, evolution in customer demand for the Company's products and services, product selling prices, availability and cost of raw materials, climate change, failure to recruit and retain qualified workforce, information security breaches or other cyber-security threats, changes in foreign currency rates, the ability of the Company to raise capital and factors and assumptions referenced herein and in the Company’s continuous disclosure filings. As a result, readers are advised that actual results may differ from expected results. Unless required to do so under applicable securities legislation, the Company does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes after the date hereof.
Head Office 3100 de la Côte- Suite 300 H4R 2J8 Tel.: (514) 934-8666 Fax: (514) 934-5327 | Exchange Listings Stock Symbol: SJ Transfer Agent and Registrar | Investor Relations Senior Vice-President and Chief Financial Officer Tel.: (514) 934-8660 Fax: (514) 934-5327 stravaglini@stella-jones.com |
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Senior Vice-President and Chief Financial Officer Stella-Jones Tel.: (514) 934-8660 | Director, Corporate Communications | |||
stravaglini@stella-jones.com | communications@stella-jones.com |
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