Ackroo Plans Share Buyback to Enhance Value

Ackroo Inc (TSE:AKR) has released an update.

Ackroo Inc., a loyalty and payments services provider, has announced the renewal of its Normal Course Issuer Bid (NCIB), subject to TSX Venture Exchange approval, to repurchase its shares when the market price does not reflect the company’s value and future prospects. The company is authorized to buy back up to 5% of its outstanding shares over a 12-month period, which it believes will benefit the company and its shareholders. All repurchased shares will be cancelled, with purchases made through market transactions, and funded from working capital.

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