Dynacor Receives TSX Approval to Renew Normal Course Issuer Bid
Group Dynacor Inc. (TSX: DNG) (“Dynacor” or the “Corporation”) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Corporation's request to renew a normal course issuer bid (NCIB) program, through which Dynacor may purchase, for cancellation, up to 2,928,607 common shares or approximately 10% of the public float (29,286,075 common shares as of April 22, 2024).
- Group Dynacor Inc. (TSX: DNG) (“Dynacor” or the “Corporation”) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Corporation's request to renew a normal course issuer bid (NCIB) program, through which Dynacor may purchase, for cancellation, up to 2,928,607 common shares or approximately 10% of the public float (29,286,075 common shares as of April 22, 2024).
- Dynacor is in a financially strong position to continue to return a portion of its cash to its shareholders through the NCIB.
- The average daily volume for this period was calculated in accordance with the rules of the TSX and is equal to 37,451 common shares.
- Under the previously approved NCIB, which commenced on May 5, 2023, and terminates on May 4, 2024, Dynacor could repurchase up to 3,490,716 common shares.