/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
BURNABY,
BC, Aug. 31, 2023 /CNW/ - Taiga Building
Products Ltd. ("Taiga" or the "Company") (TSX: TBL)
would like to clarify a typographical error made in the first and
second paragraph of its press release dated August 29, 2023. The first paragraph stated that
Taiga's new normal course issuer bid (the "2023 NCIB") will
terminate on August 31, 2024 or
earlier if Taiga has completed its purchases of the securities
subject to the 2023 NCIB. The second paragraph stated that the
common shares of the Company (the "Common Shares") acquired
pursuant to the 2023 NCIB will be subject to a daily maximum of
4,247 Common Shares, being 25% of the average daily trading volume
for the last six completed calendar months of 16,990 Common Shares,
subject to the block purchase exemption.
The correct expiry date for the 2023 NCIB is August 30, 2024 and the correct amount for the
daily maximum of Common Shares which may be acquired pursuant to
the 2023 NCIB is 4,044 Common Shares, being 25% of the average
daily trading volume for the last six completed calendar months of
16,178 Common Shares, subject still to the block purchase
exemption.
Forward-Looking Information
This news release contains forward-looking information that is
based on current expectations, beliefs, assumptions, estimates and
forecasts about the business and the industry and markets in which
the Company operates. Forward-looking information does not
guarantee future performance and involves risks, uncertainties and
assumptions which are difficult to predict and which may cause
Taiga's actual results in future periods to differ materially from
expected results. In particular, statements about the Company's
plans, intentions or potential outcome regarding the 2023 NCIB
constitute forward-looking information. Investors are cautioned
that all forward-looking information involves risks and
uncertainties including, without limitation, those risk factors
listed from time to time in the Company's public filings. These
risks, as well as others, could cause actual results and events to
vary significantly. Accordingly, readers should not place undue
reliance on forward-looking information, which are qualified in
their entirety by this cautionary statement. Taiga does not
undertake any obligation to release publicly any revisions to or
updating any voluntary forward-looking information, except as
required by applicable securities law.
SOURCE Taiga Building Products Ltd.