Illumin Holdings Inc. approved to repurchase up to 3,914,167 common shares

From GlobeNewswire: 2024-12-19 08:00:00

Illumin Holdings Inc. has been approved by the Toronto Stock Exchange to proceed with a normal course issuer bid (NCIB). The company may purchase up to 3,914,167 common shares, representing approximately 10% of its public float. The NCIB will commence on December 23, 2024, and may continue until December 22, 2025. Illumin has entered into an automatic share purchase plan with its designated broker to facilitate purchases under the NCIB. Management believes that buying shares will benefit shareholders by increasing their proportionate share interest.

In the past, illumin sought acceptance from the TSX to purchase up to 4,330,226 common shares under a previous NCIB. The company repurchased and cancelled 3,755,746 shares under that bid at an average purchase price of $1.59 per share. Illumin is a journey advertising platform based in Toronto that uses advanced machine learning algorithms to enable marketers to reach consumers at every stage of their journey. For more information, visit SEDAR+.



Read more at GlobeNewswire: illumin Announces TSX Acceptance of Normal Course Issuer