SNVNF News Alert Sandvine Corporation (SNVNF) 2.8887 02/15/2015
Post# of 64074
Sandvine receives approval for stock buyback program and announces establishment of automatic share repurchase plan
CNW Group - Thu Oct 09, 6:00AM CDT
Sandvine Corporation (TSX:SVC) ("Sandvine" today announced that it has received acceptance from the Toronto Stock Exchange (the "TSX" of Sandvine's notice of intention to make a Normal Course Issuer Bid ("NCIB" , as announced on September 9. Under the NCIB, during the one-year period commencing October 13, 2014 and ending October 12, 2015, Sandvine can purchase for cancellation up to 13,894,102 of its common shares ("Shares" , representing approximately ten percent of its public float as of October 8, 2014. The purchase program will be administered through the facilities of the TSX, or alternative trading systems, if eligible, and will conform to their regulations.
SVC.TO: 3.70 (+0.04)