REGINA, SK, December 14, 2021 / CNW / – SSC Security Services Corp. (formerly Input Capital Corp.) (“CSS“or the”Society) (TSXV: SECU) (OTCQX: SECUF), a leading provider of physical security and cybersecurity services, today announced its intention to make a normal course issuer offer (the âOfferâ) to up to 1,275,000 of its class A common shares (the âSharesâ), representing approximately 10% of the free float of SSC.
Subject to and only after receipt of final approval from the TSX Venture Exchange, the offering will commence on January 4th, 2022 and will run until the earlier of the following dates: January 3, 2023and the date on which SSC acquired the maximum number of Shares that may be purchased under the Offer. The offering will be made through the TSX Venture Exchange, or any other “designated stock exchange” within the meaning of applicable Canadian securities laws, and purchase and payment for the shares will be made in accordance with the requirements of the TSX Venture Exchange. , or any other designated stock exchange, at the market price of the Shares at the time of acquisition. All Shares purchased by SSC under the Offer will be canceled.
Input has appointed National Bank Financial as broker to carry out the public tender offer transactions in the normal course of business.
SSC management believes that the Shares trade within a price range that does not adequately reflect their value and that purchasing the Shares under the Offer will increase shareholder value generally.
SSC previously purchased 1,695,540 shares as part of a public tender offer which expired on December 13, 2019, 766,904 shares as part of a public buyback offer that expires on December 17, 2020, and 534,333 shares to date as part of a public buyback offer that began on January 4, 2021 and expire on January 3, 2022. In addition, SSC previously purchased 5,362,694 shares as part of a substantial issuer bid previously announced on July 15, 2019 and 2,472,895 Shares as part of a substantial public buyback offer previously announced on March 6, 2020. (All share numbers have been adjusted to reflect the 1 for 3 consolidation of shares that took place on October 1, 2021).
Further information is available in the disclosure documents filed by SPC with securities regulatory authorities, available at www.sedar.com and on SPC’s website at www.securityservices.ca.
SSC Security Services Corp. is a leading provider of physical security and cybersecurity services to businesses and public sector clients through Canada. For more information, please visit www.securityservices.ca.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (AS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.
This press release includes forward-looking statements regarding SPC and its business. These statements are based on the current expectations and opinions of future events of the management of SPC. In some cases, forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “possible”. “,” Estimate “,” “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances described in this press release may not occur and could differ materially due to known and unknown risk factors and uncertainties affecting SSC, including risks relating to the security sector, the agricultural sector, economic factors and the stock markets in general. and many other factors beyond the control of SSC . No forward-looking statement can be guaranteed. Forward-looking statements and information, by their nature, are based on assumptions and involve known and unknown risks and uncertainties. s and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements or information. Therefore, readers should not place undue reliance on forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and SPC assumes no obligation to publicly update or revise any forward-looking statements, whatsoever. either as a result of new information, future events, or otherwise.
SOURCE SSC Security Services Corp.
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