other material
confidence high
sentiment positive
materiality 0.55
Tucows board authorizes $40M stock buyback program, replacing prior program
TUCOWS INC /PA/
- New $40M buyback program starts Feb 23, 2024, expires Feb 22, 2025; shares retired.
- Replaces prior $40M program from Feb 10, 2023, which has been terminated.
- Purchases on Nasdaq open market; timing and amount at company discretion.
- Funding from working capital and existing credit facilities; no insider purchases.
- As of Feb 21, 2024, shares outstanding were 10,936,673.