{"id":405261,"date":"2020-12-23T13:58:48","date_gmt":"2020-12-23T18:58:48","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405261"},"modified":"2020-12-23T13:58:48","modified_gmt":"2020-12-23T18:58:48","slug":"reko-international-group-inc-to-buy-back-up-to-307162-of-its-common-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/reko-international-group-inc-to-buy-back-up-to-307162-of-its-common-shares\/","title":{"rendered":"Reko International Group Inc. to Buy Back up to 307,162 of Its Common Shares"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">Canada NewsWire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>LAKESHORE, ON, <span class=\"xn-chron\">Dec. 23, 2020<\/span> \/CNW\/ &#8211;\u00a0Reko International Group Inc. (TSXV: REKO) announced today the approval of a normal course issuer bid for 307,162 of its outstanding common shares.<\/p>\n<p>The notice provides that Reko may, during the 12-month period commencing <span class=\"xn-chron\">December 31, 2020<\/span> and ending <span class=\"xn-chron\">December 30, 2021<\/span>, purchase on the TSX Venture Exchange up to a total of 307,162 of its common shares, being approximately 5% of the outstanding common shares. <span class=\"xn-person\">Matthew Larose<\/span> of National Bank Financial will be the Member acting on behalf of Reko. The price that Reko will pay for any such shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by Reko. All purchased shares will be cancelled. There are 6,143,250 common shares of Reko outstanding as of today.<\/p>\n<p>A shareholder may receive a copy of Form 5G, Notice of Intention to Make a Normal Course Issuer Bid by contacting the Company via e-mail at <a target=\"_blank\" href=\"mailto:irelations@rekointl.com\" rel=\"nofollow noopener noreferrer\">irelations@rekointl.com<\/a>; or, by writing to the Company, Attention: Investor Relations, 469 Silver Creek Industrial Drive, Lakeshore, <span class=\"xn-location\">Ontario<\/span> N8N 4W2. Reko believes that its common shares have been trading in a price range, which does not reflect their value in relation to Reko&#8217;s business and its future business prospects. As a result, depending upon future price movements and other factors, Reko believes that its outstanding common shares represent an attractive investment and a desirable use of a portion of its available funds.<\/p>\n<p>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/p>\n<p>\n        <b>About Reko International Group Inc.<\/b><br \/>\n        <br \/>Reko International Group Inc. (TSX-V:REKO) is a diversified, technology-driven manufacturing organization located in <span class=\"xn-location\">Southwestern Ontario<\/span>, just minutes from the U.S. border. Areas of expertise include robotic factory automation solutions, the precision machining of large critical parts, and plastic injection and low compression acoustic tooling. Reko&#8217;s family-oriented culture embraces past experience, fosters innovation, and always ensures the highest standard of quality. Reko believes in strengthening communities by advancing manufacturing.<\/p>\n<p>SOURCE  Reko International Group Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C6804&amp;Transmission_Id=202012231355CANADANWWEB______C6804&amp;DateId=20201223\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada NewsWire LAKESHORE, ON, Dec. 23, 2020 \/CNW\/ &#8211;\u00a0Reko International Group Inc. (TSXV: REKO) announced today the approval of a normal course issuer bid for 307,162 of its outstanding common shares. The notice provides that Reko may, during the 12-month period commencing December 31, 2020 and ending December 30, 2021, purchase on the TSX Venture Exchange up to a total of 307,162 of its common shares, being approximately 5% of the outstanding common shares. Matthew Larose of National Bank Financial will be the Member acting on behalf of Reko. The price that Reko will pay for any such shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reko-international-group-inc-to-buy-back-up-to-307162-of-its-common-shares\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Reko International Group Inc. to Buy Back up to 307,162 of Its Common Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405261","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reko International Group Inc. to Buy Back up to 307,162 of Its Common Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reko-international-group-inc-to-buy-back-up-to-307162-of-its-common-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reko International Group Inc. to Buy Back up to 307,162 of Its Common Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Canada NewsWire LAKESHORE, ON, Dec. 23, 2020 \/CNW\/ &#8211;\u00a0Reko International Group Inc. (TSXV: REKO) announced today the approval of a normal course issuer bid for 307,162 of its outstanding common shares. The notice provides that Reko may, during the 12-month period commencing December 31, 2020 and ending December 30, 2021, purchase on the TSX Venture Exchange up to a total of 307,162 of its common shares, being approximately 5% of the outstanding common shares. Matthew Larose of National Bank Financial will be the Member acting on behalf of Reko. The price that Reko will pay for any such shares will be the market price at the time of acquisition. 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