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ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five principal segments of the non-residential construction industry: office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructure. The Company operates two fabrication plants and two paint shops, in Canada and in the United States, and a Construction Division in the United States, which specializes in the installation of steel structures and other related products. It has the capacity to manufacture approximately 125,000 tons of structural steel annually.


TSX:DRX - Post by User

Post by Possibleidiot01on Dec 12, 2024 7:17am
202 Views
Post# 36358328

NCIB

NCIBA healthy 10% buyback if they act on it .

Some interesting language.

"The average daily trading volume (" ADTV ") of the Corporation's Subordinate Voting Shares over the last six completed calendar months was 139,965. Accordingly, under the TSX rules, the Corporation is entitled to repurchase, on any trading day, up to 34,991 Subordinate Voting Shares. Once a week, in addition to this daily limit, the Corporation may also repurchase a block of Subordinate Voting Shares that is not directly or indirectly owned by an insider (i) having a purchase price of $200,000 or more, (ii) of at least 5,000 shares having a purchase price of at least $50,000 , or (iii) of at least 20 board lots of shares which total 150% or more of the ADTV, in accordance with the TSX rules.

I can't remember ever seeing anything this specific.

In other news , big drop in backlog. . The Corporation's operating activities generated cash of $53.3 million during the 9-month period ended October 31, 2024.

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