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High Liner Foods Commences a Normal Course Issuer Bid

Newswire.ca - Mon Jun 5, 2023

LUNENBURG, NS, June 5, 2023 /CNW/ - High Liner Foods Incorporated (the "Company") (TSX: HLF) today announced  that it has filed a notice with the Toronto Stock Exchange ("TSX") and received approval to purchase through the facilities of the TSX and/or any alternative trading system in Canada, up to 200,000, or approximately 0.60%, of the 33,360,699  issued and outstanding Common Shares of the Company ("Common Shares") as of May 25, 2023. The price the Company will pay for any Common Shares acquired will be the market price at the time of acquisition. Purchases under the normal course issuer bid ("NCIB") will be made by the Company and the Common Shares acquired shall be cancelled, reducing any dilution resulting from Common Shares issued pursuant to stock-based compensation plans. Purchases may commence on June 7, 2023, and will terminate no later than June 6, 2024. The actual number of Common Shares purchased under the NCIB, the timing of purchases and the price at which the Common Shares are purchased will depend on management discretion based on factors such as market conditions.

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