Business
Tecsys Announces Amendment to Increase Share Repurchases Under Existing Normal Course Issuer Bid
Tecsys Inc. ("Tecsys" or the "Company") (TSX: TCS) today announced that the Toronto Stock Exchange (the "TSX") has approved an amendment to the Company's current normal course issuer bid ("NCIB") to increase the maximum number of common shares (the "Shares") that may be purchased for cancellation from 500,000 Shares to 900,000 Shares for the remainder of the current NCIB term ending September 19, 2026. The increased authorization reflects the Company's intention to make additional repurchases as
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[{"type":"text","content":"MONTREAL, March 17, 2026 /PRNewswire/ -- Tecsys Inc. ("Tecsys" or the "Company") (TSX: TCS) today announced that the Toronto Stock Exchange (the "TSX") has approved an amendment to the Company's current normal course issuer bid ("NCIB") to increase the maximum number of common shares (the "Shares") that may be purchased for cancellation from 500,000 Shares to 900,000 Shares for the remainder of the current NCIB term ending September 19, 2026. The increased authorization reflects the Company's intention to make additional repurchases as part of its disciplined capital allocation strategy. Through March 13, 2026, the Company has repurchased approximately 216,100 shares under the NCIB.","length":754,"tagName":"p"},{"type":"image","alt":"TECSYS (PRNewsfoto/TECSYS)","displaySize":"","headline":null,"caption":"TECSYS (PRNewsfoto/TECSYS)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":158,"url":"https://media.zenfs.com/en/cnwgroup.com/eb133d8c4541adac6cdecccfc4bb8b61"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fCA2FcPE4XTjgUBKTJMlRA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/eb133d8c4541adac6cdecccfc4bb8b61","width":400,"height":158}},"href":"https://mma.prnewswire.com/media/732655/TECSYS_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Based on total public float of 13,537,674 Shares as at September 9, 2025, the amended limit of 900,000 Shares represents approximately 6.65% of the Company's public float.","length":175,"tagName":"p"},{"type":"text","content":"Tecsys believes that, from time to time, the market price of the Shares may not fully reflect the Company's value and prospects, and that repurchases under the NCIB continue to represent an appropriate and desirable use of funds, increasing the proportional ownership of shareholders who retain their Shares. All Shares purchased under the NCIB will be cancelled. Share repurchases made pursuant to the Company's NCIB will be predicated upon maintaining a strong balance sheet, performance of the business, and the availability and attractiveness of alternative capital investment opportunities. The actual number of Shares purchased under the NCIB, the timing of the purchases, and the price at w...