Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for beverage industry professionals · Thursday, March 28, 2024 · 699,479,398 Articles · 3+ Million Readers

Intertape Polymer Group Terminates Automatic Share Purchase Plan

/EINPresswire.com/ -- MONTREAL, QUEBEC and SARASOTA, FLORIDA--(Marketwired - Dec 8, 2017) - Intertape Polymer Group Inc. (TSX:ITP) ("IPG" or the "Company") today announced that in connection with its normal course issuer bid, IPG has terminated its previously-announced automatic share purchase plan with the securities dealer acting as IPG's agent, pursuant to which the dealer could acquire, at its discretion, shares on IPG's behalf during "black-out" or "closed" periods under the Company's stock trading policy, subject to certain parameters as to price and number of shares. The termination is effective December 26, 2017. Intertape confirms that at the time of sending the notice of termination of the automatic share purchase plan, it did not possess knowledge of any material fact or material change about the Company, its shares or any of its other securities that has not been generally disclosed.

IPG's normal course issuer bid remains in effect, under which IPG is entitled to repurchase for cancellation up to 4,000,000 common shares over a twelve-month period ending on July 16, 2018. The shares may be repurchased through the facilities of the Toronto Stock Exchange and on other alternative trading systems in Canada.

About Intertape Polymer GroupĀ® Inc.

Intertape Polymer Group Inc. is a recognized leader in the development, manufacture and sale of a variety of paper and film based pressure-sensitive and water-activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics and complementary packaging systems for industrial and retail use. Headquartered in Montreal, Quebec and Sarasota, Florida, the Company employs approximately 2,500 employees with operations in 21 locations, including 13 manufacturing facilities in North America and one each in Europe and Asia.

For information about the Company, visit www.itape.com.

MaisonBrison Communications
Pierre Boucher
514-731-0000

Powered by EIN Presswire
Distribution channels: Food & Beverage Industry


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release