Mullen Group Ltd. Announces Renewal of Normal Course Issuer Bid
For its normal course issuer bid that began on
Pursuant to the renewed Bid, the Corporation may repurchase from time to time up to a maximum of 8,220,349 Shares, which represents, as at
As of
The Corporation entered into an automatic securities purchase plan (the "ASPP") with its broker,
The Board of Directors continues to believe that the underlying value of the Corporation may not be reflected in the current market price of its Shares. As a result, depending upon future price movements and other factors, the Board believes that the Shares may represent an attractive investment to the Corporation in the best interests of the Corporation and its shareholders. Furthermore, the purchases are expected to benefit all persons who continue to hold Shares by increasing their equity interest in the Corporation if the repurchased Shares are cancelled.
A copy of the Corporation's notice filed with the Exchange may be obtained, by any shareholder without charge, by contacting the Corporation's Senior Accounting Officer or Senior Corporate Officer.
Mr.
Mr.
Mr.
Ms.
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Telephone: 403-995-5200
Fax: 403-995-5296
Certain statements included in this news release constitute "forward-looking statements" under Canadian securities laws, including statements relating to potential purchases of common shares for cancellation under a normal course issuer bid, the possibility of any amendment to the ASPP to increase the number of Shares that may be repurchased or the budget for the repurchases during the Bid, future benefits of holding common shares of the Corporation, and future benefits resulting from the purchase of common shares of the Corporation through the normal course issuer bid. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Corporation cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as "believes", "expects", "anticipates", "assumes", "outlook", "plans", "targets", or other similar words.
Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause the actual results or performance of the Corporation to be materially different from the outlook or any future results or performance implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements include, but are not limited to, the effects of general economic and business conditions; industry competition; inflation, currency and interest rate fluctuations; changes in fuel prices; legislative and/or regulatory developments; compliance with environmental laws and regulations; actions by regulators; increases in maintenance and operating costs; security threats; reliance on technology and related cybersecurity risk; trade restrictions or other changes to international trade arrangements; transportation of hazardous materials; various events which could disrupt operations, including natural events such as severe weather, droughts, fires, floods and earthquakes; climate change; labor negotiations and disruptions; environmental claims; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; and other risks detailed from time to time in reports filed by
Forward-looking statements reflect information as of the date on which they are made.
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