Supremex Inc.

Supremex Inc.

December 01, 2011 12:30 ET

Supremex Inc. Announces Normal Course Issuer Bid

MONTREAL, QUÉBEC--(Marketwire - Dec. 1, 2011) -


Supremex Inc. ("Supremex"), Canada's largest provider of stock and custom manufactured envelopes (TSX:SXP), announced today that it has the intention to purchase by way of a normal course issuer bid (the "Bid"), for cancellation purposes, some of its common shares through the facilities of the Toronto Stock Exchange and alternative trading facilities in Canada, beginning on December 5, 2011, subject to regulatory approval.

Under the Bid, Supremex may repurchase for cancellation up to 1,500,000 common shares. This represents approximately 5.1% of its 29,297,767 issued and outstanding common shares as of November 30, 2011 and approximately 8.8% of its 16,902,851 common shares in the total public float. These purchases will be made in accordance with applicable regulations over a maximum period of 12 months beginning on December 5, 2011 and ending on December 4, 2012. The average daily trading volume of Supremex' common shares over the six (6) calendar months prior to the date hereof was 21,670. Accordingly, Supremex is entitled to purchase, on any trading day, up to 5,417 common shares. The consideration that Supremex will pay for any common shares acquired by it under the Bid will be paid cash at the market price of such common shares at the time of acquisition.

Supremex believes that the purchase by it of its own shares may, in appropriate circumstances and in light of the current valuation of Supremex, be a responsible investment of funds on hand.

About Supremex

Supremex is Canada's largest manufacturer and marketer of a broad range of stock and custom envelopes and related products. Supremex is the only national envelope manufacturer in Canada with facilities in seven provinces and employs approximately 600 people. This nationwide presence enables it to manufacture products tailored to the specifications of major national customers such as leading Canadian corporations, national resellers and governmental entities, as well as paper merchants and process and solutions providers.

Contact Information

  • Source:
    Supremex Inc.

    Stephane Lavigne, CA
    Vice-President and Chief Financial Officer
    (514) 595-0555