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By The Online Investor Staff, updated Thu., Apr. 18, 5:13 PM
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Stock Buybacks
| This Slide: #8 of 25 |
Slide #8. BMTC GROUP INC.
Company:
BMTC GROUP INC. (TSE:GBT.CA)
Share Amount Authorized:
1,629,892
Buyback Details:
BMTC GROUP INC. announces that it has received the required regulatory approvals to renew its normal course issuer bid to acquire for cancellation Common Shares listed on the Toronto Stock Exchange (the "TSX") for the period between April 15th, 2024 and April 14th, 2025, at the latest. The Company's previous normal course issuer bid ends April 14th, 2024. Pursuant to its renewed normal course issuer bid, the Company intends to acquire, through the facilities of the TSX and through alternative Canadian trading systems (such as Alpha ATS) and in accordance with their requirements and also outside the facilities of the Toronto Stock Exchange pursuant to exemption orders issued by Canadian securities regulatory authorities, up to 1,629,892 Common Shares, representing about 5% of the 32,597,850 Common Shares issued and outstanding as at April 1st, 2024.
BMTC Group is a holding company. Co. manages and operates a retail sales network of furniture and household and electronic appliances in Quebec. As of Dec 31 2011, Co.'s sales and distribution network includes 20 stores, 6 liquidation centers and 6 Brault & Martineau Sleep Gallery centers located in the areas of Montreal, Repentigny, Ste-Therese, Laval, Kirkland, Quebec, St-Georges, Trois-Rivières, Sherbrooke, Chicoutimi, Rivière-du-Loup, Rimouski, Levis, Beauport, Ste-Foy, Gatineau, Ste-Hyacinthe, St-Jean-sur-le-Richelieu, Granby, Vaudreuil, Mascouche and St-Jérôme. The network also includes two distribution and administrative centers in Montreal and Quebec City. 
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