Waterloo, Ontario, September 21, 2010 - DALSA Corporation (TSX:DSA), an international leader in high performance digital imaging and semiconductors, announced today that it has received approval from the Toronto Stock Exchange (the "TSX") to acquire for cancellation, by way of a normal course issuer bid (the "Bid"), up to 920,299 Common Shares of the Company, which, as of September 17, 2010, represent approximately 5% of the issued and outstanding shares. The Bid will commence on September 22, 2010 and expire on September 21, 2011.
The Board of Directors of the Company believes that the market price of its Common Shares could be such that their purchase may be an attractive and appropriate use of corporate funds in light of potential benefits to remaining shareholders.
Purchases will be made by DALSA in accordance with applicable regulatory requirements and the price that the Company will pay for any such Common Shares will be the market price of such shares at the time of acquisition. Pursuant to TSX policies, daily repurchases will be limited to 2,874 Common Shares, other than block purchase exceptions. Purchases will be effected through the facilities of the TSX.
On September 11, 2009, the Company commenced a normal course issuer bid to purchase up to 919,077 Common Shares through the facilities of the TSX. Under that bid, which expired on September 10, 2010, the Company purchased no shares.
About DALSA Corporation
DALSA (TSX: DSA) is an international leader in high performance digital imaging and semiconductors with approximately 1000 employees worldwide, headquartered in Waterloo, Ontario, Canada. Established in 1980, the company designs, develops, manufactures and markets digital imaging products and solutions, in addition to providing semiconductor products and services. For more information, visit www.dalsa.com
For more information, please contact:
Vice President, Corporate Communications
Tel: (519) 886-6001 Ext. 2177