Plazacorp announces normal course issuer bid of up to 1,000,000 common shares
Dec 14, 2007
FREDERICTON, Dec. 14 /CNW/ - Plazacorp Retail Properties Ltd. (PLZ:TSX Venture) announced today that its Board of Directors has authorized a normal course issuer bid to buy back up to 1,000,000 common shares representing approximately 2.19% of the issued and outstanding common shares. This normal course issuer bid is subject to the approval of the TSX Venture Exchange. It is expected that the normal course issuer bid will begin on or about December 20, 2007 and will end at the latest on December 19, 2008. The purchases will be made through the facilities of the TSX Venture Exchange and will be conducted by JF Mackie & Company Ltd. on behalf of the Corporation. The Corporation believes that the normal course issuer bid is an attractive investment at appropriate market prices, represents good utilization of the Corporation's funds and is being established to enhance shareholder value. Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip plazas throughout Atlantic Canada, Quebec and Ontario. Plazacorp owns interests in 87 properties comprising 4.1 million square feet of retail real estate. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. %SEDAR: 00012014E
For further information:
For further information: on Plazacorp, visit our website at www.plaza.ca or contact: Earl Brewer, Chairman; Kim Sharpe, Director of Business Development; (506) 451-1826