Black Diamond Group Limited Announces Renewal of Normal Course Issuer Bid
Black Diamond Group Limited Announces Renewal of Normal Course Issuer Bid
CALGARY, Alberta, March 10, 2023 (GLOBE NEWSWIRE) -- Black Diamond Group Limited ("Black Diamond" or the "Company") announces that it has obtained approval from the Toronto Stock Exchange (the "TSX") to renew its normal course issuer bid (the "NCIB") with respect to its common shares (the "Common Shares"). The NCIB will commence on March 14, 2023, and will terminate on the earlier of March 13, 2024, the date on which the Company has purchased the maximum number of Common Shares permitted under the NCIB or the date on which the NCIB is terminated.
Under the NCIB, the Company may, over a 12-month period commencing on March 14, 2023, purchase in the normal course through the facilities of the TSX or alternative trading systems, if eligible, up to 4,395,507 Common Shares, such amount representing 10% of the public float of the Common Shares and approximately 7.3% of the 60,375,770 issued and outstanding Common Shares. Furthermore, subject to certain exemptions for block purchases, the maximum number of Common Shares that the Company may acquire on any one trading day is 12,464 Common Shares, such amount representing 25% of the average daily trading volume of the Common Shares of 49,859 for the six calendar months prior to the start of the NCIB. All Common Shares purchased by the Company under the NCIB will be cancelled.
Management of Black Diamond believes that, from time to time, the market price of the Common Shares may not fully reflect the underlying value of the Common Shares and that at such time the purchase of the Common Shares represents attractive investment value and would be in the best interests of Black Diamond. The purchase of Common Shares by Black Diamond will increase the proportionate interest of, and be advantageous to, all remaining shareholders.
During the prior NCIB of the Company, which will terminate on March 13, 2023, the Company obtained approval to purchase 4,324,520 Common Shares, and purchased 551,600 Common Shares at a weighted average price of approximately $3.99 per Common Share through the facilities of the TSX and alternative trading systems.
The Company has engaged Raymond James Ltd. to act as broker and to administer the NCIB.
About Black Diamond Group
Black Diamond is a specialty rentals and industrial services Company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). We operate in Canada, the United States, and Australia. MSS through its principal brands, BOXX Modular, Britco, MPA, Schiavi and CL Martin, owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors. WFS through its principal brands, Black Diamond Camps and Black Diamond Energy Services, owns a large rental fleet of modular accommodation assets of all types and sizes. Its regional operating terminals rent, sell, service, and provide ancillary products and services including turn-key operated camps to a wide array of customers in the resource, infrastructure, construction, disaster recovery, and education sectors. The WFS business unit also includes the Company's wholly owned subsidiary, LodgeLink, which operates a digital marketplace for business-to-business crew accommodation, travel, and logistics in North America.
Learn more at .
Investor and Media Inquiries
Jason Zhang at 403-206-4739 or investor@blackdiamondgroup.com. To sign up for news alerts please go to
Cautionary Note Regarding Forward Looking Statements
Certain information set forth in this news release contains "forward looking statements" as defined under applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements with respect to expectations or intentions regarding potential future purchases of Common Shares under the NCIB. Although Black Diamond believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurances that such expectations or assumptions will prove to be correct. Readers are cautioned that assumptions used in the preparation of such statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Black Diamond. These risks include but are not limited to: the impact of general economic conditions, industry conditions, fluctuation of commodity prices and stock market volatility. The risks outlined above should not be construed as exhaustive. Additional information on these and other factors that could affect Black Diamond's operations and financial results are included in Black Diamond's annual information form for the year ended December 31, 2022 and other reports on file with the Canadian securities regulatory authorities which can be accessed on SEDAR. Readers are cautioned not to place undue reliance on these forward-looking statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Black Diamond does not undertake any obligation to update or revise any of the forward-looking statements, except as may be required by applicable securities laws.
加拿大阿爾伯塔省卡爾加裡,2023年3月10日(環球通訊社)--黑鑽集團有限公司(“黑鑽石“或”公司“)宣佈已獲得多倫多證券交易所(The Toronto Stock Exchange)的批准。多倫多證券交易所“)更新其正常路線發行人投標(”NCIB“)就其普通股(”普通股NCIB將於2023年3月14日開始生效,並將於2024年3月13日終止,以較早者為準,即本公司購買了NCIB允許的最高普通股數量的日期或NCIB終止的日期。
根據NCIB,公司可在自2023年3月14日開始的12個月期間內,通過多倫多證券交易所的設施或另類交易系統(如果符合條件)購買最多4,395,507股普通股,相當於普通股公眾流通股的10%,以及60,375,770股已發行和已發行普通股的約7.3%。此外,除有關大宗購買的若干豁免外,本公司於任何一個交易日可收購的普通股最高數目為12,464股普通股,相當於NCIB開始前六個歷月普通股平均每日成交量49,859股的25%。本公司根據NCIB購買的所有普通股將被註銷。
黑鑽石管理層認為,普通股的市場價格不時可能不能完全反映普通股的基本價值,此時購買普通股代表了有吸引力的投資價值,並將符合黑鑽石的最佳利益。黑鑽石購買普通股將增加所有剩餘股東的比例權益,並對其有利。
在將於2023年3月13日結束的本公司前一次NCIB期間,本公司獲得批准購買4,324,520股普通股,並通過多倫多證券交易所和另類交易系統以加權平均價每股普通股約3.99美元的價格購買了551,600股普通股。
本公司已聘請Raymond James Ltd.擔任經紀商並管理NCIB。
關於黑鑽集團
黑鑽石是一家專業租賃和工業服務公司,擁有兩個運營業務部門-模塊化空間解決方案(MSS)和勞動力解決方案(WFS)。我們在加拿大、美國和澳大利亞開展業務。MSS通過其主要品牌Boxx Modular、Britco、MPA、Schiavi和CL Martin擁有一支由各種類型和規模的模塊化建築組成的大型租賃車隊。它的本地分支機構網路向建築、工業、教育、金融和政府部門的不同客戶群出租、銷售、服務和提供輔助產品和服務。WFS通過其主要品牌黑鑽石營地和黑鑽石能源服務擁有一支大型租賃車隊,擁有各種類型和規模的模塊化住宿資產。其地區運營終端向資源、基礎設施、建築、災難恢復和教育部門的廣泛客戶出租、銷售、服務和提供輔助產品和服務,包括交鑰匙運營的營地。WFS業務部門還包括該公司的全資子公司LodgeLink,該子公司在北美經營著企業對企業船員住宿、旅行和物流的數位市場。
瞭解更多資訊,請訪問。
投資者和媒體問詢
Jason Zhang電話:403-206-4739或電子郵件:Investor@BlackDiamondgroup.com。要註冊新聞提醒,請轉到
有關前瞻性陳述的注意事項
本新聞稿中陳述的某些資訊包含根據適用的加拿大證券法定義的“前瞻性陳述”。前瞻性陳述一般可通過使用“可能”、“將”、“預期”、“打算”、“估計”、“預期”、“相信”、“繼續”、“計劃”或類似術語來確定。本新聞稿中的前瞻性陳述包括但不限於關於NCIB未來可能購買普通股的預期或意圖的陳述。儘管Black Diamond認為本新聞稿中包含的前瞻性陳述所反映的預期以及做出這些前瞻性陳述所依據的假設是合理的,但不能保證這些預期或假設將被證明是正確的。請讀者注意,在編制此類聲明時使用的假設可能被證明是不正確的。由於許多已知和未知的風險、不確定性和其他因素,其中許多是黑鑽石無法控制的,事件或情況可能導致實際結果與預測的結果大不相同。這些風險包括但不限於:總體經濟狀況、行業狀況、商品價格波動和股市波動的影響。上述風險不應被解釋為無所不包。有關這些和其他可能影響Black Diamond運營和財務結果的因素的更多資訊,請參見Black Diamond截至2022年12月31日的年度資訊表以及提交給加拿大證券監管機構的其他報告,這些報告可以在SEDAR上查閱。告誡讀者不要過度依賴這些前瞻性陳述。此外,本新聞稿中包含的前瞻性陳述是在本新聞稿發佈之日作出的,黑鑽石不承擔任何更新或修改任何前瞻性陳述的義務,除非適用的證券法可能要求這樣做。
譯文內容由第三人軟體翻譯。
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