Cymbria Corporation Announces Normal Course Issuer Bid

TORONTO, May 12 /CNW/ -- 
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
 THE UNITED STATES./


TORONTO, May 12 /CNW/ - Cymbria Corporation (TSX: CYB) ("Cymbria" or
 "the Company") announced today that it has filed a notice with the
 Toronto Stock Exchange and received its approval to make a Normal
 Course Issuer Bid ("NCIB") permitting the Company to purchase for
 cancellation up to 10% of the public float of non-voting,
 non-redeemable Class A shares ("Shares"), or 1,421,818 Shares. Cymbria
 had 14,330,511 Shares issued and outstanding as at May 11, 2011.


Cymbria may buy back Shares from time to time during the twelve-month
 period beginning on May 16, 2011 and ending on May 15, 2012. Any
 purchases under the NCIB will be made through the facilities of the
 TSX.


In accordance with TSX rules, the Company can purchase a maximum of
 286,610 Shares during a 30-day period, subject to certain TSX
 exceptions.


The Company is implementing the NCIB to allow it to purchase Shares if
 and when it makes sense to do so.


Under the Company's previous NCIB which expired on May 12, 2011, the
 Company purchased for cancellation 500 Shares at a weighted average
 price of $14.10.


ABOUT CYMBRIA CORPORATION


Cymbria Corporation is a non-redeemable investment fund with an
 investment objective to provide shareholders with long-term capital
 appreciation through an actively managed portfolio comprised primarily
 of global equity securities and an investment in EdgePoint Wealth
 Management Inc. Cymbria began trading on the TSX on November 4, 2008
 under the symbol CYB.


To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/12/c4168.html



p Patrick Farmer at 416.963.9353 or ia href="mailto:[e-mail]"[e-mail]/a/i. /p 

Copyright