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OAKVILLE, ONTARIO--(Marketwire - Sept. 20, 2012) - Pethealth Inc. (TSX:PTZ) ("Pethealth" or the "Company") announced today that the Toronto Stock Exchange (the "TSX") has approved its notice of intention to make a normal course issuer bid (the "Bid") for its outstanding common shares (the "Shares"). Pursuant to the notice, Pethealth is entitled to purchase up to 1,668,604 Shares, representing 10% of its public float of 16,686,049 Shares during the twelve month period commencing September 24, 2012, and ending September 23, 2013. There are currently 32,522,568 Shares issued and outstanding. Under the Bid, Pethealth may purchase up to 2,418 Shares on the TSX during any trading day, which represents 25% of the average daily trading volume on the TSX of 9,675 Shares for the most recently completed six calendar months prior to the TSX's acceptance of the notice of the Bid. This limitation does not apply to purchases made pursuant to block purchase exemptions. Purchases will be executed through the facilities of the TSX at market prices under the rules of the TSX. |
