Hummingbird Ltd., a global provider of integrated enterprise content management (ECM) and network connectivity solutions, has announced that it intends to make a normal course issuer bid for its common shares through the facilities of the Toronto Stock Exchange and NASDAQ. As at the close of business on December 2, 2005, 17,419,588 common shares of the Corporation were issued and outstanding.
The Corporation intends to purchase for cancellation, if it considers it advisable to do so, up to a maximum of 1,500,000 common shares, being 9.8% of the Corporation's "public float." The price at which the Corporation will purchase such shares will be the market price at the time of any particular transaction. The bid will commence on December 13, 2005, and terminate on December 12, 2006, unless the maximum number of shares purchasable there under has been acquired before that time.