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| [February 18, 2013] |
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CIBT Reports Planned Share Buy-Back
VANCOUVER, British Columbia --(Business Wire)--
CIBT Education Group Inc. (NYSE MKT:MBA and TSX:MBA) ("CIBT
Group") reports that it has received approval from the Toronto Stock
Exchange (the "TSX") to commence a normal course issuer bid ("NCIB")
to purchase up to 3,000,000 of its common shares, representing
approximately 4.3% of the 69,747,844 common shares which were issued and
outstanding as at the close of business on February 15, 2013, to a
maximum aggregate acquisition cost of approximately $1,000,000. The NCIB
is being implemented because management believes that purchases under
the NCIB constitute a desirable use of its funds on the basis that
recent market prices of the common shares do not, and at certain times
during the course of the NCIB may not, fully reflect the value of CIBT
Group's business and future business prospects.
CIBT Group may buy back common shares anytime during the 12-month period
beginning on February 21, 2013 and ending on February 20, 2014, or on
such earlier date as the Company may complete its purchases pursuant to
the NCIB or provides notice of termination. Share purchases under the
NCIB will be conducted through the facilities of the TSX and other
Canadian marketplaces/alternative trading systems. The actual number of
sares purchased, and the timing of any such purchases, will be
determined by CIBT Group in accordance with the rules of the TSX. Any
shares purchased under the NCIB will be held for re-sale at a price and
time to be determined by CIBT Group.
Subject to prescribed exceptions, CIBT Group may purchase up to 3,880
common shares per day, representing 25% of the average daily trading
volume of 15,518 common shares during the six months ending on January
31, 2013. The exceptions to this limitation include block trade
purchases of (1) shares having a purchase price of at least $200,000,
(2) at least 5,000 shares having a purchase price of at least $50,000,
or (3) at least 23,277 shares.
During the last 12 months, CIBT Group has purchased 1,824,000 of its
common shares through a normal course issuer bid at a weighted average
price per share of $0.220.
About CIBT Education Group:
CIBT Education Group Inc. ("CIBT Group") is an education
management company focused on the global education market. Listed on the
Toronto Stock Exchange and the NYSE MKT LLC, CIBT Group owns and
operates a network of business, technical and language colleges and
offers cooperative joint programmes in 18 countries. Its subsidiaries
include Sprott-Shaw College (established in 1903), Sprott-Shaw Degree
College, CIBT School of Business China, and King George International
College. Through these subsidiaries, CIBT Group offers Western and
Chinese accredited business and management degrees, and programmes in
college preparation, healthcare, hotel management and tourism, English
language training, English teacher certification, junior and high school
preparation program for overseas study, and other career/vocational
training. CIBT Group also owns Irix Design Group, a leading design and
advertising company based in Vancouver, Canada, and Global Career Center
("GCC"). GCC is a job placement call center located in the
Philippines dedicated to providing employment services to CIBT Group
graduates for free throughout their careers. Visit us online at www.cibt.net.
Neither the NYSE MKT-LLC nor the Toronto Stock Exchange accepts
responsibility for the adequacy or accuracy of this news release.

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