Inscape Corporation
TSX : INQ

Inscape Corporation

September 21, 2010 16:30 ET

Inscape Announces Normal Course Issuer Bid

HOLLAND LANDING, ONTARIO, CANADA--(Marketwire - Sept. 21, 2010) - INSCAPE Corporation (TSX:INQ) ("INSCAPE" or the "Company"), a leading designer, manufacturer and marketer of office systems, storage and architectural wall solutions for commercial office environments, today announced that its previously announced normal course issuer bid (the "Bid") has been approved by the Toronto Stock Exchange (the "TSX").

Under the terms of the Bid, INSCAPE may purchase, through the facilities of the TSX, up to 465,481 of its 9,309,619 Class B subordinated voting shares, representing approximately 5% of its issued and outstanding shares as of September 17, 2010. Pursuant to TSX policies, daily purchases will be limited to 1,137 Class B subordinated voting shares, other than block purchase exceptions.

The purchases may commence on September 23, 2010 and end on September 22, 2011, or on such earlier date as INSCAPE completes its purchases. Purchases of the Class B subordinated voting shares under the Bid will be made at market prices and otherwise in accordance with the rules of the TSX. All purchased shares will be cancelled.

INSCAPE believes that the purchase of its Class B subordinated voting shares at prevailing market prices may be a worthwhile investment and in the best interests of both INSCAPE and its shareholders.

To the knowledge of INSCAPE, no senior officer or director of INSCAPE, no associate thereof and no person holding 10% or more of the Class B subordinated voting shares of INSCAPE currently intends to sell any shares under the Bid. However, sales through the facilities of the TSX may occur during the period of the Bid where such sales are due to personal or business circumstances of any such person or company unrelated to these normal course purchases. The benefits to any such person or company whose shares are purchased would be the same as the benefits available to other holders whose shares are purchased.

Forward-Looking Statements

Certain of the above statements are forward-looking statements that involve risks and uncertainties.  Actual results could differ materially as a result of many factors.

About INSCAPE

INSCAPE Corporation is a leading designer, manufacturer and marketer of office systems, storage and architectural wall solutions for commercial office environments.  Headquartered in Holland Landing, Ontario, the company has offices and production facilities in Canada and the United States totalling approximately 438,000 square feet and serves customers through a network of authorized dealers.  For more information, please visit www.inscapesolutions.com.

Contact Information

  • Inscape Corporation
    Kent Smallwood, CA
    Chief Financial Officer
    (905) 836-7676
    (905) 836-5037 (FAX)
    www.inscapesolutions.com