-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueWet Process Control
In this issue, we examine wet processes and how to obtain a better degree of control that allows usable data to guide our decisions and produce consistently higher-quality products.
Don’t Just Survive, Thrive
If we are to be relevant and prosper during these next critical decades in electronics, we must do more than survive. As an industry, we can and must thrive. In this issue, our contributors explore these concepts meant to help you take your business to the next level.
Material Matters
Materials management is nuanced, multifaceted, and requires a holistic systems approach for business success. When building high mix, low volume, and high technology, managing materials and overall cost containment are even greater challenges.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
FTG Announces Acceptance by TSX of Normal Course Issuer Bid Renewal
August 22, 2024 | Globe NewswireEstimated reading time: 1 minute
Firan Technology Group Corporation announced the acceptance by the Toronto Stock Exchange (TSX) of FTG’s Notice of Intention to make a Normal Course Issuer Bid (NCIB), renewing the NCIB that expired in June 2024. Pursuant to the NCIB, FTG is authorized to purchase through the facilities of the TSX, from time to time over the next 12 months, if considered advisable, up to an aggregate of 1,193,740 common shares of the Corporation (“Common Shares”), being approximately 5% of its Common Shares outstanding as of August 14, 2024. As of August 14, 2024, 23,874,802 Common Shares of the Corporation were issued and outstanding. Purchases may commence through the TSX on August 26, 2024 and will conclude on the earlier of the date on which purchases under the bid have been completed and August 25, 2025.
Purchases of Common Shares under the NCIB will be made in accordance with TSX by-laws, rules and policies through the facilities of the TSX and/or through alternative Canadian trading systems. All Common Shares purchased by FTG will be cancelled. The price paid for any repurchased Common Shares will be the market price of such Common Shares at the time of acquisition. The average daily trading volume of the Common Shares of the Corporation from the start of trading on February 1, 2024 through July 31, 2024 was 22,855 Common Shares and, accordingly, daily purchases will be limited to 5,713 Common Shares other than block purchase exemptions.
Under its previous normal course issuer bid approved by the TSX on June 1, 2023, the number of Common Shares that could by repurchased for cancellation was 1,195,550 Common Shares. FTG completed the purchase for cancellation through the facilities of the TSX, and/or through alternative trading systems, of 36,200 Common Shares at a weighted average price of $3.34 per Common Share. FTG’s previous normal course issuer bid expired on June 4, 2024.
To FTG’s knowledge, none of the directors, officers or other insiders of FTG or any associate of any such persons, or any associate or affiliate of FTG currently intends to sell Common Shares to FTG during the course of the NCIB.
FTG believes that the proposed purchases are in the best interests of FTG and are a desirable use of corporate funds.
Suggested Items
Smiths Detection Unveils the SDX 6040: An Advanced X-Ray Screening Solution Redefining Mobility, Imaging, and Precision Detection
09/12/2024 | BUSINESS WIRESmiths Detection, a global leader in threat detection and security screening technologies, and a business of Smiths Group plc, announces the launch of the SDX 6040 Enhanced Image Quality (EIQ), a cutting-edge screening solution designed to meet the dynamic demands of modern security environments.
KYZEN Wins Two Mexico Technology Awards for KYZEN SLV901 and KYZEN ANALYST²
09/12/2024 | KYZEN'KYZEN, the global leader in innovative environmentally friendly cleaning chemistries, is proud to announce that it has been awarded two prestigious 2024 Mexico Technology Awards. KYZEN received recognition in the category of Cleaning Materials for its KYZEN SLV901 and in the category of Process Control Tools for the KYZEN ANALYST².
NEOTech Is a Five Time Winner of the Mexico Technology Award for Excellence in EMS Services
09/12/2024 | NEOTechNEOTech, a leading provider of electronic manufacturing services (EMS), design engineering, and supply chain solutions in the high-tech industrial, medical device, and aerospace/defense markets, proudly announces its recognition as a 2024 Mexico Technology Award winner in the category of EMS Services > $100 Million.
Zuken Introduces Harness Builder 2025 for E3.series with Enhanced Integration and Documentation Capabilities
09/11/2024 | ZukenZuken, a global leader in electrical and electronic digital engineering solutions, is proud to unveil the 2025 version of its industry-leading Harness Builder for E3.series software.
MEK Launches New PowerSpector JSAz 550: Larger 3D Desktop AOI System with New Chassis
09/11/2024 | MEKMek (Marantz Electronics), a leader in Automated Optical Inspection (AOI) and Solder Paste Inspection (SPI) technology, proudly announces the launch of its latest product, the PowerSpector JSAz 550. This new selective 3D desktop AOI system is a larger L-size model, capable of accommodating Printed Circuit Boards (PCBs) up to 550x550mm (21.7”x21.7”).