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TECSYS' Officers Establish Automatic Share Purchase Plans(June 14, 2012)
MONTREAL, QUEBEC -- (Marketwire) -- 06/14/12 -- TECSYS Inc. (TSX:TCS), an industry-leading supply chain management software company, announced today that six of its senior executives, Peter Brereton, Robert Colosino, Bruno Dubreuil, Berty Ho-Wo-Cheong, Michael Kalika and Tom Wilson, have adopted automatic share purchase plans ("ASPPs") to facilitate their obligations under TECSYS Inc.'s ("TECSYS") Executive Share Purchase Plan and compliance with TECSYS' disclosure and insider policies and applicable Canadian provincial securities legislation. Under each ASPP, the executive will purchase common shares on an automatic basis through an independent third party securities broker, Industrial Alliance Securities Inc., and the executive is not permitted to exercise any discretion or influence over how purchases will occur. For the period from June 14, 2012 to July 31, 2012, the executives will cumulatively purchase shares having a value of about $119,000 pursuant to their ASPPs.
The ASPPs are designed to constitute "automatic plans" for the purposes of applicable Canadian securities legislation and guidance and all purchases under the plans will be made in accordance with such legislation, guidance and stock exchange rules.
Other executives may adopt ASPPs from time to time.
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include more than 500 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2011. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).
Copyright ?? TECSYS Inc. 2012. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
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