- BMTC Group (GBT) has announced its intention to launch a normal course issuer bid
- Between April 15, 2022, and April 14, 2023, Glacier may purchase up to 1,668,125 common shares
- Daily purchases under the bid will be limited to 1,000 shares
- National Bank Financial Inc. has been retained to manage the bid
- BMTC Group manages and operates furniture and household and electronic appliance retail sales networks in Quebec
- BMTC Group Inc. (GBT) is up 1.93 per cent, trading at C$14.78 per share at 2:45 pm ET
BMTC Group (GBT) has announced its intention to launch a normal course issuer bid.
Between April 15, 2022, and April 14, 2023, Glacier may purchase up to 1,668,125 common shares.
Daily purchases under the bid will be limited to 1,000 shares.
There are 33,362,500 common shares issued and outstanding as of April 1st, 2022.
BMTC believes that its shares may trade in a price range that does not adequately reflect their underlying value based on its assets, business prospects and financial position. The NCIB will be advantageous to all BMTC shareholders.
Under its previous NCIB, the company acquired for cancellation a total of 482,600 common shares at an average price of $14.89 per share.
BMTC has retained National Bank Financial Inc. as a broker to manage the bid.
BMTC Group is a holding company that manages and operates furniture and household and electronic appliance retail sales networks in Quebec.
BMTC Group Inc. (GBT) is up 1.93 per cent, trading at C$14.78 per share at 2:45 pm ET.
