UDI-United Dominion Industries Message Board

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Gold/Mining/Energy : UDI-United Dominion Industries

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To: John Sladek who wrote (10)	3/3/1997 7:29:00 PM
From: John Sladek	of 42

UDI Announces Share Buyback UDI TSE March 3, 1997 Canadian Exchanges Clear UDI Share Buyback Program United Dominion Industries Ltd. announced that the Toronto Stock Exchange and The Montreal Exchange have accepted notice of its intention to buy back up to two million, or approximately 4.4 percent, of the company's outstanding common shares from time to time in the open market. The repurchases will be accomplished through a normal course issuer bid in Canada, commencing March 5, 1997 and ending February 28, 1998. The actual number of shares purchased, the time of purchases and the prices at which they will be bought will depend upon future market conditions. The company currently has 45.2 million common shares outstanding and plans to cancel shares purchased under the buyback program. United Dominion manufactures engineered products for industrial and commercial customers worldwide. The company has approximately 11,000 employees at 66 plants in 16 countries. uniteddominion.com

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