Redknee Solutions Inc. (RKN.TO: Quote) announced that it has entered into an issuer automatic purchase plan agreement in respect of the Company's Normal Course Issuer Bid.
The company said that the Plan authorizes the Broker to purchase the Company's common shares over the facilities of the Toronto Stock Exchange and under the Normal Course Issuer Bid during the Company's internal blackout periods upon five days prior notice of the blackout period to the Broker.
The upcoming Blackout Period commences on June 15, 2012 and ends on August 13, 2012. The Plan and any purchases by the Broker are subject to the requirements, including price limitations, of the Toronto Stock Exchange.
The company noted that it may instruct the Broker to make specific purchases and suspend or terminate the Plan, provided in each case that the Company certifies to the Broker that it is not in possession of any material undisclosed information and such request is otherwise in compliance with the terms of the Plan.
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by RTT Staff Writer
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