Quipt Home Medical Corp (TSE:QIPT) has released an update.
Quipt Home Medical Corp has announced the initiation of a normal course issuer bid (NCIB), approved by the Toronto Stock Exchange, which allows the company to repurchase and cancel up to 3,626,845 common shares to potentially enhance shareholder value. The buyback program is set to run from May 6, 2024, to April 30, 2025, or until the maximum shares are purchased. The company believes this action reflects confidence in their business and an opportunity to address what they perceive as a market undervaluation of their shares.
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