Hammond Power Solutions Inc. Announces Normal Course Issuer Bid
Posted: Nov 5,2018
Investor Relations General News
Guelph, Ontario, November 5, 2018 – Hammond Power Solutions Inc. (‘HPS”) (TSX: HPS.A) Board of Directors has authorized the repurchase of up to 50,000 of its Class A Subordinate Voting Shares (“Class A Shares”), representing .56% of the 8,971,624 Class A Shares outstanding as of October 29, 2019 by way of a normal course issuer bid through the facilities of the Toronto Stock Exchange (the “TSX”). Daily purchases will be limited to 1318 Class A Shares, other than block purchase exceptions, which is 25% of the average daily trading volume of Class A Shares of HPS on the TSX in the preceding six calendar months.