Purchases pursuant to the requisite Notice may commence on February 18, 1998 and will terminate on the earlier of February 17, 1999 or the date on which the Company completes its maximum purchase under the bid.
The Company believes that, on occasion, such shares become available at prices which make them an attractive investment and an appropriate use of Company funds. These purchases benefit shareholders who continue to hold such shares by increasing their equity interest in the Company.
The number of shares purchased will not exceed 2,038,506 representing 5 percent of the 40,770,126 common shares currently issued and outstanding. An aggregate of 226,600 common shares of Printera were purchased at an average price of $1.87 per share pursuant to a normal course issuer bid filed in 1997.
Printera Corporation is a Toronto-based company with four subsidiaries and operating plants in the premium quality label, packaging, specialty printing and prepress industries located in both Canada and the United States. Printera combines in house, full-service, digital prepress capabilities with high quality rotogravure and offset lithographic printing processes.
