Foraco International Embarks on Share Buyback Plan

Foraco International (TSE:FAR) has released an update.

Foraco International SA has announced a normal course issuer bid, approved by the Toronto Stock Exchange, to repurchase up to 1,000,000 of its common shares, approximately 1% of the outstanding shares, starting October 1, 2024. The buyback follows a previous bid where the company purchased 655,510 shares at an average price of CAD$2.29, and the repurchased shares are intended for employee grants under the company’s free share plans.

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