Key Developments: Tucows Inc (TCX)
1.83USD
22 May 2013
$-0.03 (-1.61%)
$1.86
$1.83
$1.88
$1.81
52,930
112,394
$2.25
$1.00
Latest Key Developments (Source: Significant Developments)
Tucows Inc Announces $10 Million Stock Buyback Program
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
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
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
Tucows Inc. Reinstates USD10 Million Stock Buyback Program
Tucows Inc. announced that it has reinstated its previously announced stock buyback program to repurchase up to USD10 million of Tucows common stock. The program, which initially commenced on November 15, 2011 and will end on November 14, 2012, was temporarily suspended when Tucows undertook its most recent Dutch Auction Tender, which was completed on January 20, 2012. The buyback program allows Tucows to repurchase its shares of common stock either through the facilities of the TSX or the NYSE AMEX Stock Exchange. As of November 9, 2011 there were 53,477,524 common shares outstanding, and as of January 26, 2012, the date the final results of the Dutch Auction Tender offer were announced, there were 46,047,111 common shares outstanding. All shares purchased by Tucows under this buyback program will be cancelled. Under the buyback program Tucows may repurchase up to 3,840,000 shares of its common stock, which amount represents approximately 10% of the public float of Tucows as of the time the buyback program was initially commenced. For purposes of any repurchases made on the TSX, Tucows may only purchase up to a maximum of 1,000 shares in any daily trading session, which number represents 25% of the average daily trading volume on the TSX over the six month period ending October 31, 2011, unless the block purchase exception is relied upon. Prior to the suspension of the buyback program, Tucows had repurchased 23,765 shares. Full Article
Tucows Inc. Announces Final Results Of Dutch Tender Offer
Tucows Inc. announced the final results of its modified Dutch auction tender offer, which expired on January 20 , 2012. Tucows will purchase 7,570,178 shares of its Common Stock at a purchase price of $0.77 per share, for a total cost of $5,829,037 , excluding fees and expenses related to the tender offer. Payment for shares accepted for purchase will be funded from a combination of available cash and two demand loan revolving facilities Tucows currently has with the Bank of Montreal . Full Article
Tucows Inc. Announces Intention to Commence Dutch Auction Tender Offer to Repurchase up to 6.5 Million Common Shares
Tucows Inc. announced that it intends to commence a modified "Dutch auction" tender offer to repurchase up to 6,500,000 shares of common stock, representing approximately 12.2% of Tucows' outstanding shares. The tender offer is expected to commence on Tuesday, December 20, 2011 and to expire, unless extended, on January 19, 2012. Tucows also announced that it has suspended its normal course issuer bid which commenced in November 2011 pursuant to which Tucows has repurchased 23,765 shares of common stock. Full Article
Tucows Inc. Announces $10 Million Stock Buyback Program
Tucows Inc. announced that its Board of Directors has approved a stock buyback program to repurchase up to $10 million of Tucows common stock. Tucows has also filed a notice of intention with the Toronto Stock Exchange (TSX) to make a normal course issuer bid through the facilities of the TSX. Tucows will have the option to repurchase its shares of common stock either through the facilities of the TSX or the NYSE AMEX Stock Exchange. The notice filed with the TSX provides that Tucows may, during the twelve-month period commencing November 15, 2011 and ending November 14, 2012, repurchase up to 3,840,000 shares of its common stock, which amount represents approximately 10% of the public float of Tucows. For purposes of any repurchases made on the TSX, Tucows may only purchase up to a maximum of 1,000 shares in any daily trading session, which number represents 25% of the average daily trading volume on the TSX over the six month period ending October 31, 2011, unless the block purchase exception is relied upon. As of November 9, 2011 there were 53,477,524 common shares outstanding. All shares purchased by Tucows under the normal course issuer bid will be cancelled. Full Article
Tucows Inc.To Acquire EPAG Domainservices GmbH From QSC AG
Tucows Inc. announced that it has acquired all the shares of EPAG Domainservices GmbH from QSC AG for approximately USD2.5 Million (EUR1.5 Million to purchase the shares and the settlement of a working capital adjustment of EUR0.25 Million) through an all-cash transaction. Full Article
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