Tim Hortons Inc. announces the purchase through private agreement of up to 1,465,000 common shares under its share repurchase

 Tim Hortons Inc. announces the purchase through private agreement of up to  1,465,000 common shares under its share repurchase program  OAKVILLE, ON, Feb. 28, 2014 /CNW/ - Tim Hortons Inc. (TSX: THI, NYSE: THI)  today announced that it will purchase for cancellation up to 1,465,000 of its  common shares pursuant to one or more private agreements with an arm's length  third-party seller.  The common shares so purchased will count towards the  13,726,219 common shares that Tim Hortons is entitled to repurchase for  cancellation (subject to a maximum aggregate purchase price of $440 million)  under its share repurchase program announced on February 20(th), 2014.  Such purchases will be made pursuant to an issuer bid exemption order issued  by the Ontario Securities Commission (the "Order"), and will take place by way  of several transactions to be effected pursuant to the terms of the Order,  which provides that such purchases shall occur by May 31(st), 2014.  The price  that Tim Hortons will pay for the common shares purchased by it under such  agreement will be negotiated by Tim Hortons and the seller and will be at a  discount to the prevailing market price of Tim Hortons common shares on the  Toronto Stock Exchange at the time of each purchase.  Information regarding each private purchase, including the number of common  shares purchased and aggregate purchase price paid, will be available on the  System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com  following completion of any such purchase.  Safe Harbor Statement  Certain information in this news release, particularly information regarding  future performance, finances, and plans, expectations and objectives of  management, and other information, constitutes forward-looking information  within the meaning of Canadian securities laws and forward-looking statements  within the meaning of the Private Securities Litigation Reform Act of 1995. We  refer to all of these as forward-looking statements. Various factors including  competition in the quick service segment of the food service industry, general  economic conditions and others described as "risk factors" in the Company's  2013 Annual Report on Form 10-K filed on February 25(th), 2014 with the U.S.  Securities and Exchange Commission and the Canadian Securities Administrators,  could affect the Company's actual results and cause such results to differ  materially from those expressed in, or implied by, forward-looking statements.  As such, readers are cautioned not to place undue reliance on forward-looking  statements contained in this news release, which speak only as to management's  expectations as of the date hereof. Forward-looking statements are based on a  number of assumptions which may prove to be incorrect, including, but not  limited to, assumptions about: (i) prospects and execution risks concerning  our growth strategy; (ii) the absence of an adverse event or condition that  damages our strong brand position and reputation; (iii) the absence of a  material increase in competition or in volume or type of competitive activity  within the quick service restaurant segment of the food service industry; (iv)  cost and availability of commodities; (v) the absence of an adverse event or  condition that disrupts our distribution operations or impacts our supply  chain; (vi) continuing positive working relationships with the majority of the  Company's restaurant owners; (vii) the absence of any material adverse effects  arising as a result of litigation; (viii) there being no significant change in  the Company's ability to comply with current or future regulatory  requirements; (ix) the ability to retain our senior management team or the  inability to attract and retain new qualified personnel; * the Company's  ability to maintain investment grade credit ratings; (xi) the Company's  ability to obtain financing on favorable terms; and (xii) general worldwide  economic conditions  We are presenting this information for the purpose of informing you of  management's current expectations regarding these matters, and this  information may not be appropriate for any other purpose. We assume no  obligation to update or alter any forward-looking statements after they are  made, whether as a result of new information, future events, or otherwise,  except as required by applicable law. Please review the Company's Safe Harbor  Statement at www.timhortons.com/ca/en/about/safeharbor.html.  Tim Hortons Inc. Overview  Tim Hortons is one of the largest publicly-traded restaurant chains in North  America based on market capitalization, and the largest in Canada. Operating  in the quick service segment of the restaurant industry, Tim Hortons appeals  to a broad range of consumer tastes, with a menu that includes premium coffee,  hot and cold specialty drinks (including lattes, cappuccinos and espresso  shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini  and classic sandwiches, wraps, soups, prepared foods and other food products.   As of December 29, 2013, Tim Hortons had 4,485 systemwide restaurants,  including 3,588 in Canada, 859 in the United States and 38 in the Gulf  Cooperation Council. More information about the Company is available at  www.timhortons.com.    SOURCE  Tim Hortons  Scott Bonikowsky: (905) 339-6186 orinvestor_relations@timhortons.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/February2014/28/c8107.html  CO: Tim Hortons ST: Ontario NI: RES RET