Press Release:
Open Text Announces Normal Course Issuer Bid
BusinessWire, Wednesday, February 24, 1999 at 17:22
WATERLOO, Ontario--(BUSINESS WIRE)--Feb. 24, 1999--Open Text
Corporation (NASDAQ:OTEX)(TSE:OTC) announced today notice of its
intention to purchase from time to time, if considered advisable and
subject to regulatory approval, up to an aggregate of 1 million common
shares, being less than 5% of its common shares, on the Nasdaq
National Market and The Toronto Stock Exchange over the next 12
months. The Board of Directors of Open Text believes that such
purchases are in the best interests of the Company and its
shareholders, and a desirable use of corporate funds. Purchases of
common shares may be made in the 12-month period commencing March 4,
1999. All common shares purchased by Open Text pursuant to the notice
will be cancelled.
About Open Text
|
