Renasant Financial Partners Ltd.
TSX : REN

Renasant Financial Partners Ltd.

September 19, 2007 15:36 ET

Renasant Renews Issuer Bid

MISSISSAUGA, ONTARIO--(Marketwire - Sept. 19, 2007) - Today, the Board of Directors of Renasant Financial Partners Ltd. (TSX:REN) (the "Corporation") approved the renewal of the Corporation's Normal Course Issuer Bid. This will enable the Corporation to continue with its policy of repurchasing shares from time to time when the common shares are trading at a price which, in the Corporation's opinion, reflects a discount from the underlying value of the shares. Shareholder value will be enhanced as shareholders who continue to hold common shares will increase their equity interest.

Subject to regulatory approval, the renewal of the bid will commence on October 7, 2007 for a 12 month period. The maximum number of shares which can be purchased under the issuer bid through the facilities of the Toronto Stock Exchange will be equivalent to 5% of the common shares outstanding on the day the bid commences or approximately 430,000. All shares purchased under the normal course issuer bid will be cancelled. As at August 31, 2007, 8,623,151 common shares were outstanding and 68,100 common shares had been purchased during the previous year's issuer bid at an average purchase price of $2.07.

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