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.
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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.
加拿大阿尔伯塔省卡尔加里,2023年3月10日(环球通讯社)--黑钻集团有限公司(“黑钻石“或”公司“)宣布已获得多伦多证券交易所(The Toronto Stock Exchange)的批准。多伦多证券交易所“)更新其正常路线发行人投标(”NCIB“)就其普通股(”普通股NCIB将于2023年3月14日开始生效,并将于2024年3月13日终止,以较早者为准,即本公司购买了NCIB允许的最高普通股数量的日期或NCIB终止的日期。
根据NCIB,公司可在自2023年3月14日开始的12个月期间内,通过多伦多证券交易所的设施或另类交易系统(如果符合条件)购买最多4,395,507股普通股,相当于普通股公众流通股的10%,以及60,375,770股已发行和已发行普通股的约7.3%。此外,除有关大宗购买的若干豁免外,本公司于任何一个交易日可收购的普通股最高数目为12,464股普通股,相当于NCIB开始前六个历月普通股平均每日成交量49,859股的25%。本公司根据NCIB购买的所有普通股将被注销。
黑钻石管理层认为,普通股的市场价格不时可能不能完全反映普通股的基本价值,此时购买普通股代表了有吸引力的投资价值,并将符合黑钻石的最佳利益。黑钻石购买普通股将增加所有剩余股东的比例权益,并对其有利。
在将于2023年3月13日结束的本公司前一次NCIB期间,本公司获得批准购买4,324,520股普通股,并通过多伦多证券交易所和另类交易系统以加权平均价每股普通股约3.99美元的价格购买了551,600股普通股。
本公司已聘请Raymond James Ltd.担任经纪商并管理NCIB。
关于黑钻集团
黑钻石是一家专业租赁和工业服务公司,拥有两个运营业务部门-模块化空间解决方案(MSS)和劳动力解决方案(WFS)。我们在加拿大、美国和澳大利亚开展业务。MSS通过其主要品牌Boxx Modular、Britco、MPA、Schiavi和CL Martin拥有一支由各种类型和规模的模块化建筑组成的大型租赁车队。它的本地分支机构网络向建筑、工业、教育、金融和政府部门的不同客户群出租、销售、服务和提供辅助产品和服务。WFS通过其主要品牌黑钻石营地和黑钻石能源服务拥有一支大型租赁车队,拥有各种类型和规模的模块化住宿资产。其地区运营终端向资源、基础设施、建筑、灾难恢复和教育部门的广泛客户出租、销售、服务和提供辅助产品和服务,包括交钥匙运营的营地。WFS业务部门还包括该公司的全资子公司LodgeLink,该子公司在北美经营着企业对企业船员住宿、旅行和物流的数字市场。
了解更多信息,请访问。
投资者和媒体问询
Jason Zhang电话:403-206-4739或电子邮件:Investor@BlackDiamondgroup.com。要注册新闻提醒,请转到
有关前瞻性陈述的注意事项
本新闻稿中陈述的某些信息包含根据适用的加拿大证券法定义的“前瞻性陈述”。前瞻性陈述一般可通过使用“可能”、“将”、“预期”、“打算”、“估计”、“预期”、“相信”、“继续”、“计划”或类似术语来确定。本新闻稿中的前瞻性陈述包括但不限于关于NCIB未来可能购买普通股的预期或意图的陈述。尽管Black Diamond认为本新闻稿中包含的前瞻性陈述所反映的预期以及做出这些前瞻性陈述所依据的假设是合理的,但不能保证这些预期或假设将被证明是正确的。请读者注意,在编制此类声明时使用的假设可能被证明是不正确的。由于许多已知和未知的风险、不确定性和其他因素,其中许多是黑钻石无法控制的,事件或情况可能导致实际结果与预测的结果大不相同。这些风险包括但不限于:总体经济状况、行业状况、商品价格波动和股市波动的影响。上述风险不应被解释为无所不包。有关这些和其他可能影响Black Diamond运营和财务业绩的因素的更多信息,请参见Black Diamond截至2022年12月31日的年度信息表以及提交给加拿大证券监管机构的其他报告,可在SEDAR上查阅。告诫读者不要过度依赖这些前瞻性陈述。此外,本新闻稿中包含的前瞻性陈述是在本新闻稿发布之日作出的,黑钻石不承担任何更新或修改任何前瞻性陈述的义务,除非适用的证券法可能要求这样做。
译文内容由第三方软件翻译。
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