Key Developments: Tucows Inc (TCX.PH)

TCX.PH on Philadelphia Stock Exchange

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29 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Tucows Inc announces $20 mln stock buyback program
Tuesday, 4 Mar 2014 05:00pm EST 

Tucows Inc:Approves a stock buyback program to repurchase from time to time up to $20 mln of its common stock in the open market.Purchases will be made exclusively through the facilities of the NASDAQ Capital Market.The stock buyback program will commence immediately and will terminate on March 3, 2015.  Full Article

Tucows Inc Announces $10 Million Stock Buyback Program
Friday, 1 Mar 2013 07:00am EST 

Tucows Inc announced that its Board of Directors has approved a stock buyback program to repurchase from time to time up to $10 million of its common stock in the open market through the facilities of the NYSE AMEX Stock Exchange. The Share Repurchase will commence immediately and will terminate on February 28, 2014. All shares purchased by Tucows under the stock buyback program will be retired and returned to treasury. The purchase will be funded from available working capital and existing credit facilities. As of February 28, 2013, Tucows had 40 million common shares outstanding.  Full Article

Tucows Inc To Buy Back Up To 4.11 Million Shares-Canada Stockwatch News
Monday, 7 Jan 2013 09:22am EST 

Canada Stockwatch News reported that Tucows Inc. has provided the preliminary results of its modified Dutch auction tender offer, which expired on January 4, 2013. Tucows expects to purchase up to 4,114,437 shares of its common stock at a purchase price of $1.50 per share, for a total of $6,173,155. Tucows expects to finance the share purchases in the tender offer through two of its demand loan facilities with Bank of Montreal. The price per share is preliminary and subject to verification by Registrar and Transfer Company, the depositary for the tender offer. The actual price per share will be announced promptly following completion of the verification process. After the determination of the actual price per share, the depositary will issue payment for the shares accepted under the tender offer and return all shares not accepted. Tucows commenced the tender offer on November 29, 2012, when it offered to purchase up to 6.5 million shares of its common stock at a price within the range of $1.35 to $1.50 per share, net to the seller in cash, without interest. All shares purchased by Tucows in the tender offer will be cancelled. Based on the preliminary results, as a result of the completion of the tender offer Tucows expects to have approximately 40,207,000 shares issued and outstanding as of the time immediately following payment for the tendered shares.  Full Article

Tucows Inc Announces Plan to Commence Dutch Auction Tender Offer
Tuesday, 13 Nov 2012 04:11pm EST 

Tucows Inc announced its plan to launch a modified Dutch auction tender offer to repurchase up to 6,500,000 shares of its common stock, representing approximately 14.7% of Tucows' outstanding shares, at a price per share not less than $1.35 and not greater than $1.50. This price range represents a premium of 9.6% to 21.8% to the year-to-date volume-weighted average price of $1.23 per share for the Company's common stock. The tender offer is expected to commence the week of November 19, 2012 and will remain open for at least 20 business days.  Full Article

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