Jewett-Cameron Privately Repurchases 490,120 Common Shares
Jewett-Cameron Trading Company - Common Shares (JCTCF)
US:NASDAQ Investor Relations:
jewettcameron.com/store/investor-relations
Company Research
Source: PR Newswire
NORTH PLAINS, Ore., Jan. 9, 2020 /PRNewswire/ -- Jewett-Cameron Trading Company Ltd. ("Jewett-Cameron") (NASDAQ:JCTCF) announces it has completed the private repurchase and cancellation of a total of 490,120 common shares from the Company's two largest shareholders. 300,000 common shares were repurchased from Michael Nasser, Company co-founder and current Officer and Director, and 190,120 common shares were repurchased from the Donald Boone Irrev Trust, which holds the common shares formerly owned by Donald Boone, Company co-founder and former Officer and Director, after his passing in May 2019. The price for all the repurchased shares was $7.89, which is the Volume Weighted Average Price (VWAP) of all Jewett-Cameron shares traded on NASDAQ during the first quarter of fiscal 2020 ended November 30, 2019."The repurchase of these shares was beneficial for the Company, the sellers, and our shareholders," said CEO Charlie Hopewell. "For the Company, we were able to utilize a portion of ou
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