Jewett-Cameron Trading Company authorizes share repurchase plan

theflyonthewall.com

Jewett-Cameron Trading Company has authorized the implementation of a share repurchase plan to purchase for cancellation up to 400,000 common shares through facilities of the NASDAQ Stock Market. This amount represents approximately 13% of the approximately 3.1M common shares outstanding. Since Q4 2010, the company repurchased 1,646,826 common shares (adjusted for a 2 for 1 stock split effective May 1, 2013) under prior formal plans of repurchase. This share repurchase plan may commence on June 3 and will remain in place until August 16 but may be limited or terminated at any time without prior notice.

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