Normal course issuer bid approved
Winnipeg, Manitoba
September 11, 2001
Buhler Industries Inc. announced today that the Toronto Stock Exchange has approved the Notice of Intention to Make a Normal Course Issuer Bid. Accordingly Buhler Industries Inc. intends to purchase 1,190,000 shares, which represents 5% of the outstanding common shares of the Company. Buhler currently has 23,860,029 issued and outstanding common shares.
The Company intends to purchase shares under the bid at market price through the facilities of the Toronto Stock Exchange. The bid will commence on September 13, 2001 and terminate on September 12, 2002.
In the past 12 months, the company has purchased 698,500 shares for cancellation at an average cost of $3.36.
The Directors of the Issuer believe that the Issuer’s common shares are undervalued by the market. Buhler is a manufacturer of farm equipment.
All shares purchased will be cancelled.
Contact: Craig Engel (204) 228-6206
Email: cengel@buhler.com