easyhome Ltd.
TSX : EH

easyhome Ltd.

March 20, 2007 09:01 ET

easyhome Ltd. Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - March 20, 2007) - easyhome Ltd. (TSX:EH) announced today acceptance by the Toronto Stock Exchange (the "TSX") of easyhome Ltd.'s Notice of Intention to make a Normal Course Issuer Bid (the "NCIB"). Pursuant to the NCIB, easyhome Ltd. proposes to purchase, from time to time, if it is considered advisable, up to an aggregate of 270,000 Common Shares, being approximately 5% of the public float of its issued and outstanding Common Shares as of March 5, 2007, on the TSX. At the end of the day on March 5, 2007 easyhome Ltd. had issued and outstanding 10,202,199 Common Shares. Purchases may commence through the TSX on March 22, 2007 and will conclude on the earlier of the date on which purchases under the bid have been completed and March 21, 2008. easyhome Ltd. did not purchase any Common Shares pursuant to its previous year's normal course issuer bid.

The Board of Directors of easyhome Ltd. believes that the proposed purchases are in the best interests of easyhome Ltd. and are a desirable use of corporate funds. All Common Shares purchased by easyhome Ltd. pursuant to the NCIB will be cancelled.

easyhome Ltd., with 190 locations across Canada, is Canada's largest merchandise leasing company and the fourth largest in North America, offering top quality, brand-name household furnishings, appliances and home electronic products to consumers under weekly or monthly leasing agreements. easyhome Ltd. is listed on the TSX under the symbol 'EH'.

Contact Information

  • easyhome Ltd.
    Donald K. Johnson
    Chairman of the Board
    (416) 359-4119
    or
    easyhome Ltd.
    David Ingram
    President and Chief Executive Officer
    (905) 272-2788
    or
    easyhome Ltd.
    Chris Fregren
    Chief Financial Officer
    (905) 272-2788