Sabio Holdings Inc. (TSE:SBIO) has released an update.
Sabio Holdings Inc. has announced that the TSX Venture Exchange has approved its plan to repurchase its own shares, signaling the company’s belief that its stock is undervalued. This share buyback program is set to take place over a 12-month period, potentially involving up to 5% of its outstanding shares, with the intention of increasing shareholder value by canceling the repurchased shares. The buybacks, which will be funded through the company’s working capital, will be executed through the open market and managed by Eight Capital.
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