January 31, 2022 – TheNewswire – Kelowna, British Columbia – Decisive Dividend Corporation (TSXV:DE) (the “Corporation” or “Decisive”) announced today that it has received approval from the TSX Venture Exchange (the “TSXV”) to renew its normal course issuer bid (“NCIB”). Under the renewed NCIB, Decisive may purchase up to an aggregate of 606,700 common shares of Decisive (“Common Shares”), representing five percent (5%) of the 12,134,006 issued and outstanding Common Shares on the date hereof.
Purchases of Common Shares under the NCIB may be made during the period commencing on February 1, 2022, and ending on January 31, 2023, or an earlier date in the event that the Corporation purchases the maximum number of the Common Shares available under the NCIB. Decisive reserves the right to terminate the NCIB at any time. Common Shares may be purchased through the facilities of the TSXV or such other permitted means (including through alternative trading systems in Canada) at prevailing market prices. All Common Shares acquired directly by the Corporation under the NCIB will be cancelled.
Decisive sought renewal of its NCIB 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, in such circumstances, the purchase of Common Shares represents an attractive use of its cash resources, from which Decisive intends to fund purchases under the NCIB. Decisive will continue to utilize BMO Nesbitt Burns Inc. as the broker through which the NCIB will be conducted.
Under its previous NCIB, that commenced on January 27, 2021, and expired on January 26, 2022, Decisive purchased and cancelled 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-oriented company, focused on opportunities in manufacturing. The Corporation’s purpose is to be the sought-out choice for exiting legacy-minded business owners, while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established, high quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established, strong leadership.
For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rick Torriero, Chief Financial Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Telephone: (250) 870-9146
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services 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 News Release.
This press release contains forward-looking statements. These statements relate to potential purchases of Common Shares pursuant to the NCIB. There can be no assurance that Decisive will purchase Common Shares pursuant to the NCIB or the purchase price paid by Decisive for any Common Shares that it purchases. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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