Date Posted: 8/18/2004
TSX Accepts Geac's Notice of Intention to Make a Normal Course Issuer Bid
MARKHAM, ON, Aug. 18 /CNW/ - Geac Computer Corporation Limited ("Geac") (TSX: GAC and NASDAQ: GEAC), a global enterprise software company for Business Performance Management, today announced acceptance by the Toronto Stock Exchange (the "TSX") of Geac's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB"). Pursuant to the NCIB, Geac proposes to purchase, from time to time, if it is considered advisable, up to 8,335,346 Common Shares of Geac, being approximately 9.75% of its 85,458,927 issued and outstanding Common Shares as of the date hereof, on the TSX commencing August 20, 2004. The Board of Directors of Geac believes that such purchases are in the best interests of Geac and are a desirable use of corporate funds. All Common Shares purchased by Geac pursuant to the NCIB will be cancelled. The NCIB will expire on August 19, 2005.
About Geac
Geac (TSX: GAC - News) is a global enterprise software company for Business Performance Management, providing customers worldwide with the core financial and operational solutions and services to improve their business performance in real time. Further information is available at http://www.geac.com or through e-mail at info(at)geac.com.
This press release may contain forward-looking statements based on current expectations. Important factors that could cause a material difference between these forward-looking statements and actual events include those set forth under the heading "Risk Factors" in Geac's annual report on Form 20-F, No. 333-103019, for the fiscal year ended April 30, 2003, filed on October 31, 2003 with the United States Securities and Exchange Commission available through the website maintained by the SEC at www.sec.gov, and filed on November 3, 2003 with the Canadian Securities Administrators and available through the website maintained by the Canadian Securities Administrators and the Canadian Depository for Securities Limited at www.sedar.com. Geac is a registered trademark of Geac Computer Corporation Limited. All other marks are trademarks of their respective owners.
http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=41200
For further information
Financial Contact: Donna de Winter, Chief Financial Officer, Geac, (905) 475-0525 ext. 3204, donna.dewinter@geac.com
Investor and Media Contact: Alys Scott, Vice President, Corporate Communications, Geac, (508) 871-5854, alys.scott@geac.com
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Source: Geac Computer Corporation Limited
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