Key Developments: Melcor Developments Ltd (MODVF.PK)

MODVF.PK on OTC Markets Group - US Other OTC and Grey Market

18.14USD
11 Mar 2013
Price Change (% chg)

$-1.05 (-5.49%)
Prev Close
$19.20
Open
$18.14
Day's High
$18.14
Day's Low
$18.14
Volume
100
Avg. Vol
25
52-wk High
$19.20
52-wk Low
$15.20

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Latest Key Developments (Source: Significant Developments)

Melcor Developments Ltd Declares Semi-Annual Dividend Of $0.25 Per Share, Announces Special Dividend Of $0.50 Per Share
Thursday, 9 May 2013 07:26pm EDT 

Melcor Developments Ltd announced that the Board of Directors declared a semi-annual dividend of $0.25 per share and a special dividend of $0.50 per share, payable on June 28, 2013 to shareholders of record on June 14, 2013.  Full Article

Melcor Developments Ltd Announces CEO Succession
Wednesday, 6 Mar 2013 07:50pm EST 

Melcor Developments Ltd's Board of Directors announced that Ralph B. Young will retire as CEO effective July 2, 2013. Brian Baker will be appointed President and CEO upon Ralph's retirement. Brian currently serves as President and Chief Operating Officer of Melcor Developments. Ltd.  Full Article

Melcor Developments Ltd Announces Semi-Annual Dividend
Tuesday, 6 Nov 2012 05:44pm EST 

Melcor Developments Ltd announced that the Board of Directors declared a semi-annual dividend of $0.23 per share, payable on December 28, 2012 to shareholders of record on December 14, 2012.  Full Article

Melcor Developments Ltd. Announces Semi-Annual Dividend
Thursday, 10 May 2012 06:31pm EDT 

Melcor Developments Ltd. announced that the Board of Directors declared a semi-annual dividend of $0.22 per share, payable on June 29, 2012 to shareholders of record on June 15, 2012  Full Article

Melcor Developments Ltd. Announces Appointment Of Brian Baker To President And Chief Operating Officer
Thursday, 26 Apr 2012 04:27pm EDT 

Melcor Developments Ltd. announced that Brian Baker will be appointed President and Chief Operating Officer effective June 1, 2012. Brian will succeed Ralph Young, who will continue as Chief Executive Officer.  Full Article

Melcor Developments Ltd. Declares Dividend Of $0.20 Per Share
Thursday, 3 Nov 2011 05:33pm EDT 

Melcor Developments Ltd. announced that the Board of Directors declared a semi-annual dividend of $0.20 per share, payable on December 30, 2011 to shareholders of record on December 16, 2011.  Full Article

Melcor Developments Ltd. Announces Intention To Make Normal Course Issuer Bid
Tuesday, 30 Aug 2011 03:35pm EDT 

Melcor Developments Ltd. announced acceptance by the Toronto Stock Exchange (TSX) of its Notice of Intention to make a Normal Course Issuer Bid through the facilities of the TSX or alternative Canadian trading platforms. The Company is proposing to purchase, for cancellation, 1,512,274 Common Shares, which represents 5% of the issued and outstanding Common Shares of the Company for a period commencing September 1, 2011 to August 31, 2012 (Purchase Period). As at the close of business on August 26, 2011 the total number of issued and outstanding Common Shares of the Company was 30,245,497. The maximum number of Common Shares that the Company may purchase pursuant to the Issuer Bid in any single day is 4,386 Common Shares. The Company had a Normal Course Issuer Bid in place for the period August 3, 2010 to August 2, 2011. The Company purchased an aggregate of 277,500 Common Shares, at an average trading price of $11.65 per Common Share, under that Normal Course Issuer Bid. The Company may commence purchases of Common Shares on September 1, 2011, at times and in quantities determined by it. All purchases will be made on the open market through the facilities of the TSX in accordance with its policies. The price to be paid for the Common Shares will be the market price at the time of acquisition.  Full Article

Melcor Developments Ltd. Announces Sale of The Market at Magrath for $34.5 Million
Tuesday, 16 Aug 2011 06:24pm EDT 

Melcor Developments Ltd. announced that it has entered into an unconditional agreement to sell The Market at Magrath, a 78,400 sq. ft. commercial development in southwest Edmonton, Alberta, which includes both retail and office space. The transaction is scheduled to close on September 1, 2011 at a sale price of $34.5 million to an institutional buyer. The Company made the strategic decision to sell this investment property subsequent to receiving a non-solicited offer to purchase. The proceeds will be utilized to reduce debt levels, enhance the company's cash position and redeploy capital to other strategic opportunities.  Full Article

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