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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
In accordance with TSX rules, the Company can purchase a maximum of
286,610 Shares during a 30-day period, subject to certain TSX
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.
SOURCE Cymbria Corporation
For further information:
Patrick Farmer at 416.963.9353 or email@example.com.