Open Text Announces Normal Course Issuer Bid
Waterloo, ON - 1999-02-24 - Open Text Corporation (NASDAQ:OTEX; TSE:OTC), announced today notice of its intention to purchase from time to time, if considered advisable and subject to regulatory approval, up to an aggregate of 1 million common shares, being less than 5% of its common shares, on the Nasdaq National Market and The Toronto Stock Exchange over the next 12 months. The Board of Directors of Open Text believes that such purchases are in the best interests of the Company and its shareholders, and a desirable use of corporate funds. Purchases of common shares may be made in the 12-month period commencing March 4, 1999. All common shares purchased by Open Text pursuant to the notice will be cancelled.
Release Disclaimer
Note: Open Text, Livelink, Livelink BASIS and LAVA are trademarks of Open Text Corporation. All other trademarks are the property of their respective companies.
For more information, please contact
Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com
Monta Kerr-Johnson
Account Director
High Road Communications
(416) 368-8348
mkerr@highrd.com