QLT Inc. Announces Its Intention to Increase Share Repurchase Program

VANCOUVER, British Columbia, May 20, 2010 (GLOBE NEWSWIRE) -- QLT Inc. (Nasdaq:QLTI) (TSX:QLT) ("QLT" or the "Company") today announced that, subject to regulatory approval, the Board of Directors has approved an increase in the number of common shares that QLT may purchase under its normal course issuer bid over the twelve month period that commenced on November 3, 2009, from 2,731,534 common shares, representing 5% of the outstanding common shares on October 28, 2009, to 4,700,060 common shares, representing 10% of the public float as at that date. The increase represents up to an additional 1,968,526 common shares available for purchase under the bid. The bid will terminate on November 2, 2010.

Back to news