Business
McCOY GLOBAL INC. ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID
McCOY GLOBAL INC. ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID Canada NewsWire ...
About this update from Mccoy Global Inc.
[{"type":"text","content":"\n\n\n\n McCOY GLOBAL INC. ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID\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 Aug. 20, 2025\n \n\n /CNW/ -\n \n McCoy Global Inc.\n \n (\"McCoy,\" \"McCoy Global\" or \"the Corporation\") (TSX: MCB) today announced that that it has received approval from the Toronto Stock Exchange (the \"TSX\") to extend a proposed normal course issuer bid (the \"Bid\") to purchase up to 2,537,833 common shares, representing approximately 10% of the public float common shares of McCoy as at\n \n August 19, 2025\n \n .\n \n\n\n\n\n\n\n\n\n McCoy's management and Board of Directors believe that the current market price of its common shares does not represent the underlying value of the Corporation and has determined that the repurchase of its common shares is a desirable use of funds and in the best interests of the Corporation and its shareholders.\n \n\n Purchases under the Bid will be made through the facilities of the TSX or any Canadian alternative trading system. The period of the Bid will extend from\n \n August 22, 2025\n \n to\n \n August 21, 2026\n \n , or an earlier date should McCoy complete its purchases.\n \n\n As of\n \n August 19, 2025\n \n , 26,766,899 common shares of McCoy were issued and outstanding. Under the rules of the TSX and subject to certain exemptions for block purchases, the maximum number of common shares that the Corporation may purchase on any single trading day is 22,415 common shares, representing 25% of the average daily trading volume of 89,663 common shares for the previous six calendar months.\n \n\n In conjunction with the NCIB, McCoy established an automatic share purchase plan (ASPP) with its broker to facilitate repurchases of common shares. 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 perm...