Sylogist plans to repurchase shares through NCIB up to 10% of public float.

From GlobeNewswire: 2024-11-26 07:30:00

Sylogist Ltd. (TSX: SYZ) has announced its Notice of Intention to make a Normal Course Issuer Bid, effective November 28, 2024. The company plans to purchase up to 2,258,532 Common Shares, which is 10% of the public float. The average daily trading volume for the six months prior to the NCIB was 37,447 Common Shares. Sylogist will buy the shares on the open market through the TSX and/or alternative Canadian trading systems. The NCIB will end on November 27, 2025, or when all permitted purchases are complete. The previous NCIB expired on November 20, 2024, with 225,000 Common Shares purchased.

Sylogist Ltd. (TSX: SYZ) is a leading public sector SaaS company that provides SaaS solutions to over 2,000 public sector customers globally. The company’s stock is traded on the Toronto Stock Exchange under the symbol SYZ. The NCIB allows Sylogist to purchase up to 2,258,532 Common Shares, which is 10% of the public float. The company will buy the shares on the open market through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB will terminate on November 27, 2025, or when permitted purchases are completed.

Sylogist Ltd. (TSX: SYZ) has announced a Normal Course Issuer Bid (NCIB) to purchase up to 2,258,532 Common Shares, which is 10% of the public float. The average daily trading volume for the six months prior to the NCIB was 37,447 Common Shares. Sylogist will buy the shares on the open market through the TSX and/or alternative Canadian trading systems. The NCIB will end on November 27, 2025, or when all permitted purchases are complete. The previous NCIB expired on November 20, 2024, with 225,000 Common Shares purchased.



Read more at GlobeNewswire: Sylogist Announces Renewal of its NCIB