FirstService Plans Share Buyback to Boost Value

FirstService (TSE:FSV) has released an update.

FirstService Corporation has announced its intention to repurchase up to 1.6 million of its common shares, representing 4.0% of the public float, between August 26, 2024, and August 25, 2025. These transactions, conducted through the TSX, alternative Canadian Trading Systems, and NASDAQ, are deemed by the company as an appropriate use of corporate funds and beneficial for shareholder value. The repurchased shares will be cancelled, following a prior year in which no shares were repurchased under a similar bid.

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