 Stock Buybacks
By The Online Investor Staff, updated Mon., Dec. 16, 1:13 AM
Slide #23. Tervita Corporation
| Company: |
Tervita Corporation (TSE:TEV.CA) |
| Share Amount Authorized: |
5,877,855 |
| Buyback Details: |
Tervita Corporation ("Tervita", the "Company") (TSX: TEV) announced today that the Company has applied to the Toronto Stock Exchange ("TSX"), and the TSX has accepted, an application to amend its normal course issuer bid ("NCIB"). Previously, Tervita was approved to purchase approximately 3,115,264 common shares; the NCIB has been amended to permit Tervita to purchase up to an additional 2,762,591 common shares, for an aggregate authorization to purchase 5,877,855 common shares, or 5% of its issued and outstanding shares, under the amended NCIB (the "Amended NCIB"). The Amended NCIB will commence on December 10, 2019 and will remain active until the earlier of (i) May 6, 2020; and (ii) the date on which the maximum number of Common Shares are purchased pursuant to the NCIB. |
Tervita is engaged in providing solutions to industrial customers to improve their environmental performance with a focus on recycling and recovery of products from industrial residues. These services are provided both through Co.'s network of facilities across Canada and at its customers' facilities where Co. mobilize its equipment and people to process material directly onsite. Co.'s customers operate in a range of industries including the oil and gas, petrochemical, refining, lead, manufacturing and mining industries. Co. operates in two segments, the Onsite and the Facilities.
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December 16, 2019 • 1:13 AM Eastern
Quotes delayed 20 minutes
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