IMAX increases share-repurchase program by $200M to $400M total authority

IMAX CORP

Board authorized $200M increase, raising total buyback authority to $400M through June 30, 2023.
Since July 2017, IMAX repurchased ~10M shares (15% net reduction in shares outstanding) for ~$175M.
Remaining authorization is ~$225M, including $25M from the prior program.
Repurchases may be in open market or private transactions via 10b5-1 plans, with no obligation to repurchase.
Ontario Securities Commission exemption allows repurchases up to 15% of outstanding shares in any 12-month period.

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