An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Mogo Inc. repurchased a total of 254,456 shares year to date, aiming to enhance long-term shareholder value.
Positive
Mogo Inc. repurchased 134,502 shares in Q3 2023 under its buyback programs on NASDAQ and TSX, averaging at US$1.7977 and CA$2.0650 per share respectively.
Negative
None.
Company has repurchased a total of 254,456 shares year to date
VANCOUVER, British Columbia--(BUSINESS WIRE)--
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced that, during the three months ended September 30, 2023, the Company repurchased and cancelled 134,502 shares under its common share buyback program on NASDAQ and its normal course issuer bid on the Toronto Stock Exchange (the “TSX”), which was implemented in August 2023. For the fiscal year to date, the Company has repurchased 254,456 shares under both buyback programs. The Company currently has 24.7 million common shares issued and outstanding.
Exchange
Shares Acquired in Q3 2023
Average Price
NASDAQ
124,102
US$1.7977
TSX
10,400
CA$2.0650
Mogo is repurchasing common shares under the buyback programs because it continues to believe that the market price of its common shares does not accurately reflect their underlying value and the repurchasing for cancellation of such common shares is intended to enhance long-term shareholder value.
All common share amounts and prices referred to in this press release have been adjusted to reflect the Company's 3:1 share consolidation that was implemented in August 2023.
About Mogo
Mogo, one of Canada’s leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo’s trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo also offers digital loans and mortgages. Through Mogo’s wholly-owned subsidiary, Carta Worldwide, we also offer a digital payments platform that powers the next-generation card programs from innovative fintech companies in Europe and Canada. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).
US Investor Relations Contact
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix shamsian@lythampartners.com
(646) 829-9701
Source: Mogo Inc.
FAQ
How many shares did Mogo Inc. repurchase in Q3 2023?
Mogo Inc. repurchased 134,502 shares in Q3 2023.
At what average price were the shares repurchased on NASDAQ?
The shares were repurchased on NASDAQ at an average price of US$1.7977 per share.
Why is Mogo Inc. repurchasing common shares?
Mogo Inc. believes that the market price of its common shares does not accurately reflect their underlying value, and repurchasing them is intended to enhance long-term shareholder value.
How many common shares does Mogo Inc. currently have issued and outstanding?
Mogo Inc. currently has 24.7 million common shares issued and outstanding.
mogo is a different kind of finance company. with canadians currently carrying record levels of debt, we’re here to help consumers push back. our goal is to save canadians $1 billion with our mogo card and range of mogo money loans. we don’t want you to spend more so we can make more money from your bad decisions. mogo wants you to spend smarter. that could mean spending less or it could simply mean borrowing money in different ways. we have a full range of personal loans to meet your financial needs, whatever they might be, including our recently introduced installment loan product mogoliquid. on signing up for a mogo account you have access to a range of mogo perks including a free prepaid visa card, free credit score and access to treats and events. check out our website mogo.ca for more information about what we offer and our latest blog posts on how to do more spend less. we’re based in vancouver, bc and are always looking for great talent. if you would like to join the te
