REGINA,
SK, Jan. 2, 2024 /CNW/ - SSC Security Services
Corp. ("SSC" or the "Company") (TSXV: SECU) (OTCQX:
SECUF), a leading provider of cyber, physical and electronic
security services, announced today its intention, and its receipt
of all required regulatory approvals including approval by the TSX
Venture Exchange, to make a normal course issuer bid (the "Bid")
for up to 1,200,000 of its Class A common shares (the "Shares"),
representing approximately 10% of SSC's public float.
The Bid will commence on January
4, 2024 and continue until the earlier of January 3, 2025 and the date by which SSC has
acquired the maximum 1,200,000 Shares which may be purchased under
the Bid. The Bid will be made through the facilities of the TSX
Venture Exchange, or such other "designated exchange" as that term
is defined by applicable Canadian securities laws, and the purchase
and payment for the Shares will be made in accordance with TSX
Venture Exchange requirements, or such other designated exchange,
at the market price of the Shares at the time of acquisition. All
Shares purchased by SSC under the Bid will be cancelled.
SSC has appointed CIBC Capital Markets as its broker to conduct
the normal course issuer bid transactions.
Management of SSC believes that the Shares have been trading in
a price range which does not adequately reflect their value and
that the purchase of the Shares under the Bid will enhance
shareholder value in general.
ABOUT SSC
SSC Security Services Corp. is a national provider of cyber,
physical and electronic security services to corporate and public
sector clients across Canada. For
more information, please visit www.securityservicescorp.ca.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
Forward Looking
Statements
This release includes forward-looking statements regarding
SSC and its business. Such statements are based on the current
expectations and views of future events of SSC's management. In
some cases the forward-looking statements can be identified by
words or phrases such as "may", "will", "expect", "plan",
"anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting SSC, including risks regarding the security
industry, the agricultural industry, economic factors and the
equity markets generally and many other factors beyond the control
of SSC. No forward-looking statement can be guaranteed.
Forward-looking statements and information by their nature are
based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statement or
information. Accordingly, readers should not place undue reliance
on any forward-looking statements or information. Except as
required by applicable securities laws, forward-looking statements
speak only as of the date on which they are made and SSC undertakes
no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
SOURCE SSC Security Services Corp.