Inscape Corporation
TSX : INQ

Inscape Corporation

July 12, 2010 08:50 ET

Inscape Announces Repurchase of Shares for Cancellation

HOLLAND LANDING, ONTARIO--(Marketwire - July 12, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Mr. Madan Bhayana, Chairman and Chief Executive Officer of Inscape Corporation (TSX:INQ) (the "Company"), announces that it has repurchased for cancellation 441,317 Class B subordinated voting shares from a former officer of the Company pursuant to section 101.1 of the Securities Act (Ontario). The shares were purchased at a price of $1.88 per share and the number of shares purchased represents less than 5% of the issued and outstanding Class B subordinated voting shares of the Company. Following completion of this acquisition and subsequent cancellation of the shares, the Company will have 9,309,619 Class B subordinated voting shares outstanding.

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)