Andlauer Healthcare Announces Normal Course Issuer Bid
As at
AHG may begin to purchase Shares on or about
In connection with the NCIB, AHG has established an automatic securities purchase plan (the "Plan") with its designated broker that contains specified parameters regarding how its Shares may be purchased under the NCIB during times when the Company would ordinarily not be permitted to purchase Shares due to regulatory restrictions or self-imposed blackout periods. AHG may elect to suspend or discontinue its NCIB in accordance with certain conditions set forth in the Plan. The Plan will be effective as of
AHG has implemented the NCIB in respect of the Shares because it believes that, from time to time, the market price of the Shares may not fully reflect the underlying value of AHG's business and future prospects. AHG believes that, at such times, the repurchase of the Shares for cancellation would be in the best interests of shareholders.
634,090 Shares were purchased pursuant to AHG's previous normal course issuer bid that commenced on
Forward-Looking Statements
This news release contains forward-looking information that reflects the current expectations of management about the future results and opportunities for AHG. Forward-looking statements generally can be identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions suggesting future outcomes or events. More particularly and without limitation, this press release contains forward-looking statements and information concerning future purchases of Shares under the NCIB. Such forward-looking statements reflect AHG's current beliefs and are based on information currently available to management, and there is no assurance that any Shares will be purchased under the NCIB. Although AHG believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof and to not use such forward-looking information for anything other than its intended purpose. AHG undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
About AHG
AHG is a leading and growing supply chain management company offering a robust platform of customized third-party logistics ("3PL") and specialized transportation solutions for the healthcare sector. The Company's 3PL services include customized logistics, distribution and packaging solutions for healthcare manufacturers across
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