January 31, 2022 – TheNewswire – Kelowna, British Columbia – Decisive Dividend Corporation (TSXV: DE) (the “company” Where “Decisive”) announced today that it has received approval from the TSX Venture Exchange (the “TSXV”) to renew its normal course issuer bid (“ORCN”). Under the renewed public offer, Decisive may purchase up to an aggregate of 606,700 ordinary shares of Decisive (“Ordinary actions”), representing five percent (5%) of the 12,134,006 common shares issued and outstanding as of the date hereof.
Purchases of common stock under the issuer bid may be made during the period beginning February 1, 2022 and ending January 31, 2023, or on an earlier date if the company purchases the maximum number of common shares. common shares available under the public issuer bid. . Decisive reserves the right to terminate the OPNC at any time. Common Shares may be purchased through the facilities of the TSXV or any other permitted means (including through alternative trading systems in Canada) at prevailing market prices. All common shares acquired directly by the company under the issuer bid will be cancelled.
Decisive has requested the renewal of its issuer bid because it believes that, from time to time, the market price of the common shares may not fully reflect the value of the common shares. Decisive believes that, under such circumstances, the purchase of common stock represents an attractive use of its cash resources, from which Decisive intends to fund purchases under the tender offer. Decisive will continue to use BMO Nesbitt Burns Inc. as the broker through which the issuer bid will be made.
Under its previous NCIB, which began on January 27, 2021 and expired on January 26, 2022, Decisive purchased and canceled 13,700 common shares at a weighted average price of $3.92 per common share.
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-driven company focused on opportunities in the manufacturing sector. The Company’s goal is to be the preferred choice for legacy-conscious exiting business owners, while supporting the long-term success of acquired businesses and, through this, creating sustainable and growing returns. for shareholders. The Company uses a disciplined acquisition strategy to identify companies that are already profitable, Good-establishedhigh quality workmanship companies who have a sustainable competitive advantage, a focus on non-discretionary products, stable cash flows, growth potential and solid and well-established leadership.
For more information about Decisive or to sign up for email notifications of company press releases, please visit www.decisivedividend.com.
FOR MORE INFORMATION, PLEASE CONTACT:
Rick Torriero, Chief Financial Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Phone: (250) 870-9146
Neither the TSX Venture Exchange nor his Regulation service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this Press release.
This press release contains forward-looking statements. These statements concern potential purchases of common shares under the issuer bid. There can be no assurance that Decisive will purchase common stock pursuant to the issuer bid or the purchase price paid by Decisive for any common stock it purchases. The forward-looking information contained in this release is made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. except as required by securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue confidence in forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.