The Company's NCIB commenced on
Under its NCIB, the Company may during the twelve months ending
Under the ASPP, Echelon may repurchase shares under the NCIB on behalf of the Company at any time including, without limitation, when the Company would ordinarily not be permitted due to regulatory restrictions or blackout periods. Purchases will be made at prevailing market prices upon the parameters prescribed by the TSX and applicable securities laws and the terms of the ASPP. Daily purchases will be restricted to not more than 21,015 common shares, representing 25% of 84,062, the average daily trading volume of the common shares calculated from
About
Pivot is a leading information technology infrastructure and services provider to approximately 2,000 customers, including many members of the Fortune 500. With offices throughout
Forward Looking Statements
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements with respect to the NCIB by the Company and management's expectations regarding the Company's plans to repurchase for cancellation common shares under the renewed NCIB. Pivot uses words such as "may", "would", "could", "will", "likely", "expect", "believe", "intend", "anticipate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Pivot in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors Pivot believes are appropriate under the relevant circumstances. However, whether actual results and developments will conform to Pivot's expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause Pivot's actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. These factors include, without limitation: regulatory compliance, market and economic conditions, availability of sellers, changes in laws and regulations and restrictions under the Company's credit facilities. The "forward-looking statements" contained herein speak only as of the date of this news release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
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