CMG launches C$20 million share buyback with C$4.00-C$4.50 Dutch auction

Computer Modelling Group Ltd. said its board approved a substantial issuer bid to repurchase for cancellation up to C$20,000,000 of common shares through a modified Dutch auction, subject to the required exemptive relief under applicable securities laws. The offer is expected to open on August 14, 2026 and expire on September 21, 2026, unless it is extended, varied or withdrawn. Shareholders may tender shares through an auction tender at prices from C$4.00 to C$4.50 in C$0.10 increments, a purchase price tender that accepts the final clearing price, or a proportionate tender designed to preserve their relative ownership after the buyback. CMG said the price range represents a 7% to 20% premium to the shares' August 11, 2026 closing price on the Toronto Stock Exchange, while the stock traded between C$3.44 and C$6.54 over the prior 12 months. Shares bought under the bid will be cancelled, directors and officers do not intend to tender to the company's knowledge, and no recommendation is being made to shareholders on whether to participate.

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