Kontrol Technologies Corp. (TSE:KNR) has released an update.
Kontrol Technologies Corp. has announced a Normal Course Issuer Bid (NCIB) program to repurchase up to 5% of its common shares over a 12-month period starting from April 5, 2024. The buyback plan, endorsed by the board and Cboe Canada, aims to align the stock’s market price with its underlying value, signaling confidence in the company’s growth prospects. This strategic move is expected to boost shareholder value and market liquidity for Kontrol’s stock.
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