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5N Plus Inc T.VNP

Alternate Symbol(s):  FPLSF

5N Plus Inc. is a global producer of specialty semiconductors and performance materials. The Company deploys a range of technologies to develop and manufacture its products. The Company operates through two segments: Specialty Semiconductors and Performance Materials. Operating in North America and Europe, the Specialty Semiconductors segment manufactures and sells products used in several applications, such as renewable energy, space satellites and imaging. Its end markets include photovoltaics (terrestrial and spatial solar energy), medical imaging, infrared imaging, optoelectronics, and advanced electronics. The Performance Materials segment operates in North America, Europe and Asia and manufactures and sells products that are used in several applications in pharmaceutical and healthcare, and industrial. The main products are sold as active pharmaceutical ingredients, animal feed additives, specialized chemicals, commercial grade metals, alloys, and engineered powders.


TSX:VNP - Post by User

Post by Possibleidiot01on Feb 23, 2021 9:21pm
289 Views
Post# 32643773

three things

three things "On March 5, 2020 , 5N Plus announced that the Toronto Stock Exchange had approved its normal course issuer bid ("NCIB"). Under the NCIB, 5N Plus has the right to purchase for cancellation, from March 9, 2020 to March 8, 2021 , a maximum of 2,000,000 common shares. From March 9, 2020 to December 31, 2020 , 5N Plus purchased and cancelled 1,750,428 of the Company's common shares."

Just under 250,000 shares to go on the buyback which ends next month. Renewal?

"In support of the former, the Company has begun to consider M&A opportunities to augment and expedite its growth, specifically in the field of advanced materials. To address the latter, 5N Plus has launched a strategic review of certain legacy businesses to assess their long-term compatibility with the Company's transformation focus. The aim of this review is to identify the best option for the future of these businesses. To that end, nearly all non-recurring charges taken by the Company during the year relate to the preparation of these businesses for their future options."

"
Net debt 1 stood at $10.2 million as of December 31, 2020 , a decrease of $24.9 million compared to December 31, 2019."
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