/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TORONTO, May 11 /CNW/ - Cymbria Corporation (TSX: CYB)("Cymbria" or "the
Company") announced today that it has filed a notice with the Toronto Stock
Exchange (the "TSX") 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
1,414,407 Shares. Cymbria has 14,259,974 Shares issued and outstanding as at
May 8, 2009.
Cymbria may buy back Shares from time to time during the twelve month
period beginning on May 13, 2009 and ending on May 12, 2010. Any purchases
under the NCIB will be made through the facilities of the TSX.
In accordance with the rules of the TSX, the maximum number of Shares
that can be purchased by the Company during a 30 day period is 282,881 Shares,
subject to certain exceptions of the TSX.
The Company is implementing the NCIB because in the opinion of the board
of directors, the value of the Company is greater than the present aggregate
market price of the Shares and accordingly, the acquisition of Shares under
the normal course issuer bid represents an appropriate use of funds.
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.
For further information:
For further information: Patrick Farmer, (416) 963-9353, Or