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TORONTO, ONTARIO--(Marketwired - Aug. 28, 2014) - Toromont Industries Ltd. (TSX:TIH) announced today that it has filed with the Toronto Stock Exchange a notice of intention to make a normal course issuer bid for certain of its common shares through the facilities of the Toronto Stock Exchange. Under this notice, Toromont is entitled to purchase up to 5,726,163 common shares representing 10% of its common shares in the public float during the 12-month period commencing August 31, 2014 and ending August 30, 2015. Toromont had 77,154,356 common shares issued and outstanding as at August 22, 2014. The actual number of shares which may be purchased and the timing of any such purchases will be determined by Toromont. All shares purchased under this issuer bid will be cancelled. The average daily trading volume for the six-month period ending July 31, 2014 was 114,044. |
