TCM will bis zu 12,3 Mio Aktien zurückkaufen. Nachfolgend die News.
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Transmitted by CNW Group on : September 25, 2008 14:43
Thompson Creek announces normal course issuer bid
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§ NYSE: TC
§ TSX: TCM, TCM.WT
§ Frankfurt: A6R
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§ TORONTO, Sept. 25 /CNW/ - Thompson Creek Metals Company Inc. (the
"Company"), one of the world's largest, publicly traded, pure molybdenum
producers, today announced that the Toronto Stock Exchange (the "TSX") has
accepted the Company's Notice of Intention to make a Normal Course Issuer Bid
(the "Bid") to purchase for cancellation, from time to time, as the Company
considers advisable, its issued and outstanding common shares (the "Shares").
There are 125,046,072 Shares issued and outstanding on the date hereof. Of
this amount, 123,066,702 constitute "public float" calculated in accordance
with the rules of the TSX. The Company intends to purchase for cancellation up
to a maximum of 12,300,000 Shares, being approximately 10% of the Company's
"public float" outstanding on the date hereof. Of this amount, the Company may
make purchases under the Bid of up to 6,252,303 Shares through the facilities
of the New York Stock Exchange (the "NYSE"). The daily trading limit is
986,669 Shares until October 2, 2008, unless further extended, and 246,667
Shares thereafter, subject to block purchase exceptions. The Company plans to
fund its share purchases under the Bid from free cash flow. The Company has
not purchased any of its Shares during the preceding 12 months pursuant to a
normal course issuer bid.
§ Purchases under the Bid may commence on September 29, 2008 and may be
made until September 28, 2009, or such earlier time as the Bid is completed or
terminated at the option of the Company. Purchases will be made on the open
market through the facilities of the TSX in accordance with its policies and
may also be made through the facilities of the NYSE in accordance with its
rules. The price to be paid will be the market price at the time of
acquisition.
§ The Company believes that from time to time its Shares have been trading
at prices that do not reflect the underlying value of the Company. As a
result, the Company believes that its Shares are a good investment at their
current and recent trading prices and that the purchase of its Shares will
help create value for its shareholders.