DataMirror renews normal course issuer bid
DataMirror Corp DMC
Shares issued 10,208,073 Sep 16 close $6.90
Fri 17 Sept 99 News Release
Mr. Ronald Peters reports
The Toronto Stock Exchange has accepted the company's notice of its normal
course issuer bid, allowing the purchase from time to time, if it is
considered advisable, of up to 510,403 of its common shares, which
represents 5 per cent of its 10,208,073 outstanding common shares, on the
Toronto Stock Exchange over the next 12 months. The board of directors of
DataMirror believes that such purchases are in the best interests of the
company and a desirable use of corporate funds. Over the 12 months ended
Sept. 15, 1999, the company has purchased and cancelled 237,700 of its
common shares at an average price of $5.62 per share under a previous
normal course issuer bid in effect from Sept. 18, 1998, to Sept. 17, 1999.
Purchases of common shares may be made pursuant to the new notice in the
12-month period commencing Sept. 21, 1999. All common shares purchased by
DataMirror pursuant to this notice will be cancelled.
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