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News releases

Clarke Inc. Announces Normal Course Issuer Bid
November 19, 2014
Halifax, Nova Scotia – November 19, 2014 – Clarke Inc. (“Clarke” or the “Company”) (TSX: CKI) today announced that its Board of Directors has authorized a normal course issuer bid (the “issuer bid”) to purchase for cancellation through the facilities of the OTC Markets up to 974,649 of its outstanding common shares, representing approximately 5% of the currently outstanding common shares of Clarke.
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Clarke Inc. Reports 2014 Third Quarter Results and Declares Quarterly Dividend
November 5, 2014
Halifax, Nova Scotia – November 5, 2014 – Clarke Inc. (“Clarke” or the “Company”) (TSX: CKI) today announced its results for the three and nine months ended September 30, 2014.
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CLARKE INC. ANNOUNCES INCREASED INVESTMENT IN TERRAVEST CAPITAL INC.
August 20, 2014
Halifax, Nova Scotia August 20, 2014 – Clarke Inc. (“Clarke”) (TSX: CKI) acquired 978,992 common shares of TerraVest Capital Inc. (“TerraVest”) at a price of $6.30 per common share, representing 5.4% of the outstanding common shares of TerraVest. Immediately after the transaction, Clarke owns 5,000,000 common shares, representing 27.6% of the outstanding common shares.
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CLARKE INC. ANNOUNCES INCREASED INVESTMENT IN HOLLOWAY LODGING CORPORATION
August 14, 2014
Halifax, Nova Scotia August 14, 2014 – Clarke Inc. (“Clarke”) (TSX: CKI) acquired 6,233,599 common shares of Holloway Lodging Corporation (“Holloway”) at a price of $4.50 per common share, representing 31.8% of the outstanding common shares of Holloway. Immediately after the transaction, Clarke owns the following securities of Holloway: 6,874,815 common shares, $3,986,000 principal amount of the 6.25% Series B Debentures, convertible into 113,601 common shares, $6,232,000 principal amount of the 7.50% Series C Debentures, convertible into 177,612 common shares, and $7,618,000 principal amount of the 6.25% Series D Debentures, convertible into 217,113 common shares. On an as converted basis, such securities represent 36.8% of the outstanding common shares.
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Clarke Inc. Reports 2014 Second Quarter Results and Quarterly Dividend Declaration
August 7, 2014
Halifax, Nova Scotia – August 7, 2014 – Clarke Inc. (“Clarke” or the “Company”) (TSX: CKI) today announced its results for the three and six months ended June 30, 2014.
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Clarke Inc. Expands Management Team
June 12, 2014
Halifax, Nova Scotia – June 12, 2014 – Clarke Inc. (“Clarke” or the “Company”) (TSX: CKI) today announced that George Armoyan will step down as President and Chief Executive Officer and will remain actively engaged in the Company’s growing business as Executive Chairman of Clarke. Michael Rapps, a current director of Clarke, has been appointed President and Chief Executive Officer of Clarke. These changes, effective July 2, 2014, have been made in order to build on the Company’s positive operating and financial performance in recent years.
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Clarke Inc. Announces 2014 Second Quarter Dividend and Updated Corporate Presentation
June 11, 2014
Halifax, Nova Scotia – June 11, 2014 – Clarke Inc. (“Clarke” or the “Company”) (TSX: CKI) announced today the declaration of its 2014 second quarter dividend of 10 cents per share payable on July 11, 2014, to shareholders of record on June 30, 2014. The ex-dividend date will be June 26, 2014.
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Clarke Announces Renewal of Normal Course Issuer Bid
May 23, 2014
Halifax, Nova Scotia – May 23, 2014 - Clarke Inc. ("Clarke" or the "Company") (TSX: CKI) announced today that it has filed a notice with the Toronto Stock Exchange and received its approval to purchase, through the facilities of the Toronto Stock Exchange, up to 1,025,946 common shares, representing 5% of the issued and outstanding common shares (the “Share Issuer Bid”). As at May 22, 2014 there were 20,518,923 issued and outstanding common shares, and the public float was 10,087,066 common shares. From November 1, 2013 to April 30, 2014, the average daily trading volume (“ADTV”) of Clarke common shares was 21,742 common shares. Under TSX Rules, the Company is entitled to purchase up to 25% of the ADTV of the respective class of shares which is 5,435 common shares, on any trading day. Any common shares purchased by Clarke pursuant to the Share Issuer Bid will be cancelled.
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Clarke Inc. Completes Redemption of All Outstanding Debentures
May 22, 2014
Halifax, Nova Scotia – May 22, 2014 – Clarke Inc. (“Clarke” or the “Company”) (TSX: CKI) announced today that it has completed the previously announced redemption of its 6% convertible unsecured subordinated debentures maturing December 31, 2018 (the "Debentures") for an aggregate principal amount of $6,154,300, representing all of the outstanding Debentures. The Company, using cash on hand, paid to the holders of redeemed Debentures the redemption price equal to the outstanding principal amount of the Debentures redeemed, together with all accrued and unpaid interest thereon up to but excluding the redemption date, for a total of $1,023.34 per $1,000 principal amount of Debentures. These Debentures were listed on the Toronto Stock Exchange under the symbol “CKI.DB.A”.
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Clarke Inc. Announces Nomination of Armoyan and Luborsky to its Board of Directors
May 16, 2014
Halifax, Nova Scotia – May 16, 2014 – Clarke Inc. (“Clarke” or the “Company”) (TSX: CKI; CKI.DB.A) today announced, in conjunction with the release of its Management Informational Circular, the nomination of George Armoyan and Brian Luborsky for election to Clarke's board of directors. Mr. Armoyan is the President and Chief Executive Officer of Clarke and the President of Geosam Capital and Mr. Luborsky is the Chairman and Chief Executive Officer of Beauty Express Canada Inc. Both nominees bring extensive public company board experience and significant Clarke shareholder representation.
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