HALIFAX, NS, June 23, 2022 /CNW/ - Clarke Inc. ("Clarke" or the "Company") (TSX: CKI) (TSX: CKI.DB) announced today that it has filed a notice with the Toronto Stock Exchange and received its approval to purchase, through the facilities of the Toronto Stock Exchange or any Canadian alternative trading system, up to 711,543 common shares, representing 5% of the total 14,230,869 issued and outstanding common shares as of June 21, 2022 (the "Share Issuer Bid"). From December 1, 2021 to May 31, 2022 the average daily trading volume ("ADTV") of Clarke common shares was 2,634 common shares. Under TSX Rules, the Company is entitled to purchase up to 25% of the ADTV of the respective class of shares which is 658 common shares. Accordingly, under TSX rules and policies, the Company is entitled on any trading day to purchase up to 1,000 common shares. Any common shares purchased by Clarke pursuant to the Share Issuer Bid will be cancelled.
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