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Globalive Technology Begins Normal Course Issuer Bid Program
Feb. 10, 2020 05:25AM PST
Fintech InvestingGlobalive Technology commenced its normal course share buy-back program earlier this month.
Globalive Technology (TSXV:LIVE) commenced its normal course share buy-back program earlier this month.
As quoted in the press release:
Under the Share Buy-Back Program, the Company aims to purchase for cancellation up to 5% (7,002,901) of its outstanding common shares by December 31, 2020.
The Company first announced its intention to launch the Share Buy-Back Program on January 16, 2020 and received approval from the TSX Venture Exchange (the “Exchange”) to proceed with the program on January 20, 2020. The Company subsequently retained Canaccord Genuity Corp. to act as its broker (the “Broker”) to assist with the Share Buy-Back Program and began making purchases on February 3, 2020.
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