other material
confidence high
sentiment positive
materiality 0.65
Tucows authorizes $40M share repurchase program; prior program terminated
TUCOWS INC /PA/
- Board of Directors approved up to $40M in open-market stock buybacks beginning Feb 10, 2023 through Feb 9, 2024.
- Previous $40M buyback program initiated Feb 11, 2022 has been terminated.
- Repurchased shares will be retired to treasury; no insider purchases permitted.
- Funding from working capital and existing credit; 10,824,963 shares outstanding as of Feb 8, 2023.