PFB Corporation Announces Normal Course Issuer Bid
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 09/09/13 -- PFB Corporation (TSX: PFB) ("PFB or the "Corporation") announced today that it will be proceeding with a normal course issuer bid to purchase, through the facilities of the Toronto Stock Exchange (TSX), up to a maximum of 50,000 of its common shares, representing 0.74% of PFB Corporation's issued and outstanding common shares, which, as of the date hereof, is 6,739,203 subject to a daily maximum of 1,000 common shares. The average daily trading volume of the Corporation's shares for the past six months was 1,159 shares. Purchases by Corporation can commence on September 11, 2013 and will end no later than September 10, 2014.
PFB will pay the market price for its common shares on the TSX at the time of acquisition and no purchases will be made other than by means of open market transactions during the period the normal course issuer bid is outstanding. As of today, PFB has not purchased any Common Shares during the past 12 months under their current normal course issuer bid, which is set to end on September 10, 2013.
PFB believes that the common shares may from time-to-time be undervalued and may not reflect the financial strength and net asset value of the Corporation. All common shares purchased under the issuer bid will be cancelled, increasing the respective proportionate share interests of all remaining shareholders. The funding for any purchases of Common Shares pursuant to the normal course issuer bid will be financed out of working capital.
About PFB
PFB Corporation is a vertically integrated manufacturer of insulating building products that are marketed across North America under five brands. Plasti-Fab, EPS Product Solutions® are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems® are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. Insulspan® Structural Insulating Panels Systems (SIPS) are used to create structural walls and to replace trusses on roof systems to form an energy-efficient structural envelope. PFB Custom Homes Group includes Riverbend Timber Framing®, PrecisionCraft Log &Timber Homes®, Point Zero Homes™ and M.T.N Architects™. Each brand provides clients with our exclusive Total Home Solution® for building custom homes in the US, Canada and internationally that can include Insulspan SIPS for the walls and roof, and Advantage ICFS for the building's foundations.
Contacts:
PFB Corporation
Stephen P. Hardy
Vice President & CFO
(403) 569 4303
(403) 569 4075 (FAX)
100, 2886 Sunridge Way, N.E.
Calgary, Alberta T1Y 7H9
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Datum: 09.09.2013 - 09:40 Uhr
Sprache: Deutsch
News-ID 1261644
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