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Share Name | Share Symbol | Market | Type |
---|---|---|---|
TVA Group Inc | TSX:TVA.B | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 4.39% | 1.19 | 1.20 | 1.29 | 1.19 | 1.13 | 1.15 | 4,300 | 20:07:06 |
The Board of Directors of TVA Group Inc. (the "Company")(TSX:TVA.B), has authorized a normal course issuer bid for a maximum of 972 545 Class B non-voting shares without par value (the "Class B Shares") representing approximately 5% of the issued and outstanding Class B Shares. The purchases will be made from March 19, 2010 to March 18, 2011, at prevailing market prices, on the open market through the facilities of the Toronto Stock Exchange and will be made in accordance with the requirements of said Exchange. All shares purchased will be cancelled. As of March 15, 2010, 19,450,906 Class B Shares were issued and outstanding. The average daily trading volume of the Class B Shares of the Company from September 1st, 2009 to February 26, 2010 has been 2,727 Class B Shares. Consequently, the Company will be authorized to purchase a maximum of 1,000 Class B Shares during the same trading day pursuant to its normal course issued bid. The Company believes that the repurchase of these shares, pursuant to this normal course issuer bid, is in the best interest of the Company and its shareholders. Within the past 12 months, the Company has repurchased a total of 253,300 Class B Shares, at a weighted average price of $10.17 per share, pursuant to a normal course issuer bid. Shareholders may obtain a copy of the Notice filed with the Toronto Stock Exchange, without charge, by contacting the Secretary's office of the Company at (514) 380-1963.
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