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TORONTO, May 14, 2013 /CNW/ - Cymbria Corporation (TSX: CYB) ("Cymbria"
or "the Company") announced today that it has filed a notice with the
Toronto Stock Exchange ("TSX") and received its approval to make a
Normal Course Issuer Bid ("NCIB") permitting the Company to purchase
for cancellation of up to 1,432,275 non-voting, non-redeemable Class A
Shares (the "Shares") representing 10% of the Company's public float of
Shares as of May 9, 2013. As of May 9, 2013, Cymbria had a total of
14,438,625 Shares issued and outstanding.
Cymbria may buy back Shares from time to time during the twelve-month
period beginning on May 17, 2013 and ending on May 16, 2014. 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
288,772 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 expires on May 16, 2013, the
Company purchased for cancellation 254,500 Shares at a weighted average
price of $13.12.
ABOUT CYMBRIA CORPORATION
Cymbria's investment objective is to provide shareholders with long-term
capital appreciation through an actively managed portfolio comprised
primarily of global equities 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:
Contact: Patrick Farmer at 416.963.9353 or email@example.com