Eat Well Investment Group Announces Normal Course Issuer Bid
Eat Well Investment Group Inc. (CSE: EWG / US: EWGFF) has announced a normal course issuer bid (NCIB) to repurchase up to 7,686,777 common shares, equating to 5% of its total shares outstanding as of June 21, 2022. The NCIB will run from June 27, 2022, to June 26, 2023, with all purchases executed on the CSE at market price. The company believes this initiative will enhance shareholder value and liquidity. The NCIB is managed by Pacific International Securities and aims to benefit remaining shareholders.
- Initiation of a normal course issuer bid (NCIB) to repurchase up to 7,686,777 shares.
- The repurchase represents 5% of total shares outstanding, potentially increasing shareholder value.
- None.
All Shares purchased under the NCIB are being purchased on the open market through the facilities of the Canadian Securities Exchange (the “CSE”) as well as through other designated exchanges and alternative trading systems in
The NCIB will commence on
The Company believes that the purchase of the Shares will increase the proportionate interest of, and be advantageous to, all remaining security holders. The normal course purchases will also afford an increased degree of liquidity in the market. The Company believes that the purchase of the Shares would be in the best interest of the Company’s shareholders.
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About Eat Well
Eat Well is a publicly-traded investment company primarily focused on high-growth companies in the agribusiness, food tech, plant-based and ESG (environmental, social and governance) sectors. Eat Well’s management team has an extensive record of sourcing, financing and building successful companies across a broad range of industries and maintains a current investment mandate on the health/wellness industry. The team has financed and invested in early-stage venture companies for greater than 25 years, resulting in unparalleled access to deal flow and the ability to construct a portfolio of opportunistic investments intended to generate superior risk-adjusted returns.
Disclaimer for Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian and
The CSE has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
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