other
confidence high
sentiment positive
materiality 0.55
IMAX extends $200M share-repurchase program through June 2023; $26.2M remains
IMAX CORP
- 12-month extension of share-repurchase program through June 30, 2023, effective July 1, 2022.
- Approximately $26.2 million of the original $200 million authorization remains available for repurchases.
- Since July 2017, IMAX repurchased ~10 million shares (~15% net reduction) for $173.8 million.
- Repurchases may be made in open market or private transactions; program may be suspended at any time.
- Received Ontario Securities Commission exemption to repurchase up to 15% of outstanding shares in any 12-month period through NYSE.