Coveo Solutions Executes $50M Share Buyback

Coveo Solutions (TSE:CVO) has released an update.

Coveo Solutions Inc. is set to acquire and cancel approximately 6.24% of its issued Subordinate Voting Shares for C$50 million, at C$7.70 each, after the conclusion of its substantial issuer bid. The offer was well received, with shares tendered exceeding the number available for purchase, leading to a proration of approximately 25.91% for those who tendered at or below the purchase price. This strategic buyback aims to enhance shareholder value and comes alongside a Relief Order granted by the Autorité des marchés financiers.

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