Business
MCCOY GLOBAL ANNOUNCES AUTOMATIC SHARE PURCHASE PROGRAM
MCCOY GLOBAL ANNOUNCES AUTOMATIC SHARE PURCHASE PROGRAM Canada NewsWire EDM...
About this update from Mccoy Global Inc.
[{"type":"text","content":"\n\n\n\n MCCOY GLOBAL ANNOUNCES AUTOMATIC SHARE PURCHASE PROGRAM\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n EDMONTON, AB\n \n\n ,\n \n\n March 24, 2025\n \n\n /CNW/ -\n \n McCoy Global Inc.\n \n (\"McCoy,\" \"McCoy Global\" or \"the Corporation\") (TSX: MCB) today announced that it has established an automatic share purchase plan (ASPP) with its broker to facilitate repurchases of common shares under its previously announced Normal Course Issuer Bid (\"NCIB\") of up to 1,594,179 common shares. The NCIB is in effect for the 12-month period that commenced on\n \n August 22, 2024\n \n , and terminates\n \n August 21, 2025\n \n , subject to earlier termination should McCoy reach the maximum purchase limit under the NCIB.\n \n\n\n\n\n\n\n\n\n \"Our share repurchase program is an important component of McCoy's capital allocation strategy,\" said\n \n Jim Rakievich\n \n , President & CEO. \"We remain confident in the ongoing success of our technology roadmap and the strong market penetration of our new smart technologies in 2025 and beyond. With McCoy's proven track record of operational efficiency and cash flow generation, we continue to focus on our key strategic initiatives to deliver value to all stakeholders. This includes accelerating market adoption of our new and recently developed smart portfolio products, prioritizing capital allocation, and returning excess cash to shareholders through share buy-backs and quarterly dividends.\"\n \n\n Under the terms of the ASPP, the Corporation's broker will be permitted to make purchases at its sole discretion based on parameters set by the Corporation in accordance with TSX rules, applicable securities law and the terms of the ASPP, during periods when the Corporation would ordinarily not be permitted to make purchases, whether due to regulatory restriction or customary self-imposed blackout periods. Outside of such periods, common shares can be purchased based on management's discretion, in compliance with TSX rules and applicable securities law.\n \n\n Purchases under the NCIB will b...