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Temple Hotels plans normal course issuer bid

The Toronto Stock Exchange accepted Temple Hotels Inc.'s notice of intention to make a normal course issuer bid to purchase and cancel up to 1,263,495, or 5%, of its outstanding common shares between March 15, 2018, and March 14, 2019.

The hotel investment company may also purchase for cancellation up to roughly C$4.2 million of series E convertible redeemable debentures, representing 10% of the public float of the debentures.

As of March 2, there were approximately 25,269,913 common shares and roughly C$42.9 million of series E debentures outstanding.