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TORONTO, May 14, 2014 /CNW/ - Cymbria Corporation (TSX:
CYB) ("Cymbria" or "the Company") announced today that it has filed
a notice with the Toronto Stock Exchange ("TSX") and received its
approval to make a Normal Course Issuer Bid ("NCIB") permitting the
Company to purchase for cancellation of up to 1,403,801 non-voting,
non-redeemable Class A Shares (the "Shares") representing 10% of
the Company's public float of Shares as of May 9, 2014. As of May 9, 2014, Cymbria had a total of 14,153,886 Shares
issued and outstanding.
Cymbria may buy back Shares
from time to time during the twelve-month period beginning on
May 20, 2014 and ending on
May 19, 2015. Any purchases under the
NCIB will be made through the facilities of the TSX.
In accordance with TSX rules, the Company can purchase a maximum
of 283,077 Shares during a 30-day period, subject to certain TSX
exceptions.
The Company is implementing the NCIB to allow it to purchase
Shares if and when it makes sense to do so.
Under the Company's previous NCIB, which expires on May 16, 2014, the Company purchased for
cancellation 32,400 Shares at a weighted average price of
$16.97.
ABOUT CYMBRIA CORPORATION
Cymbria's investment objective
is to provide shareholders with long-term capital appreciation
through an actively managed portfolio comprised primarily of global
equities and an investment in EdgePoint Wealth Management Inc.
Cymbria began trading on the TSX
on November 4, 2008 under the symbol
CYB.
SOURCE Cymbria Corporation