EXFO Announces Normal Course Issuer Bid
EXFO Inc - Subordinate Voting Shares (EXFO)
Last exfo inc - subordinate voting shares earnings: 4/7 04:08 pm
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US:NASDAQ Investor Relations:
investors.exfo.com
Company Research
Source: PR Newswire
QUEBEC CITY, Jan. 8, 2019 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) announced today that its Board of Directors has authorized a share repurchase program, by way of a normal course issuer bid ("NCIB") on the open market, of up to approximately 6.3% (1,200,000 subordinate voting shares) of the public float of 19,051,611 subordinate voting shares (as defined by the Toronto Stock Exchange ("TSX")), as of December 31, 2018. On December 31, 2018, EXFO had 23,659,043 subordinate voting shares outstanding. EXFO has not repurchased any of its subordinate voting shares within the last twelve months.The TSX has accepted a notice filed by EXFO of its intention to proceed with a NCIB. EXFO may use cash, short-term investments and future cash flows from operations to fund the repurchase of shares. Repurchases under the bid will be made on the open market, through the facilities of the TSX and NASDAQ or via alternative trading systems, at the prevailing market price. The timing of such rep
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