Pivotree Announces Normal Course Issuer Bid For Common Shares
Pivotree (TSXV:PVT) has received TSX Venture Exchange approval for a new normal course issuer bid (NCIB) to repurchase up to 2,030,724 common shares, representing 10% of shares held by public shareholders. The NCIB will run from September 3, 2025 to September 2, 2026, with a limit of 2% of issued shares per 30-day period.
The company will continue working with National Bank Financial as its broker for the NCIB. Under its previous NCIB which expired on August 7th, 2025, Pivotree purchased 92,800 shares. The company believes its share price occasionally undervalues its prospects and views buybacks as an appropriate use of working capital to enhance shareholder value.
Pivotree (TSXV:PVT) ha ottenuto l'approvazione dalla TSX Venture Exchange per un nuovo programma di riacquisto di azioni in corso (NCIB) per riacquistare fino a 2.030.724 azioni ordinarie, pari al 10% delle azioni detenute dagli azionisti pubblici. L'NCIB sarà attivo dal 3 settembre 2025 al 2 settembre 2026, con un limite del 2% delle azioni emesse ogni periodo di 30 giorni.
L'azienda continuerà a collaborare con National Bank Financial come broker per l'NCIB. Nel precedente NCIB, scaduto il 7 agosto 2025, Pivotree ha riacquistato 92.800 azioni. La società ritiene che il prezzo delle proprie azioni talvolta sottovaluti le prospettive aziendali e considera i riacquisti un uso appropriato della liquidità per aumentare il valore per gli azionisti.
Pivotree (TSXV:PVT) ha obtenido la aprobación de la TSX Venture Exchange para un nuevo programa normal de recompra de acciones (NCIB) para recomprar hasta 2.030.724 acciones ordinarias, que representan el 10% de las acciones en manos de los accionistas públicos. El NCIB estará vigente desde el 3 de septiembre de 2025 hasta el 2 de septiembre de 2026, con un límite del 2% de las acciones emitidas por cada período de 30 días.
La compañía seguirá trabajando con National Bank Financial como su bróker para el NCIB. Bajo su NCIB anterior, que venció el 7 de agosto de 2025, Pivotree compró 92.800 acciones. La empresa considera que su cotización a veces subestima sus perspectivas y ve las recompras como un uso adecuado del capital de trabajo para aumentar el valor para los accionistas.
Pivotree (TSXV:PVT)는 공개 매수 가능 주식의 10%에 해당하는 최대 2,030,724주 보통주를 재매입하기 위한 새로운 정상과정 발행사 매수( NCIB )에 대해 TSX 벤처 거래소의 승인을 받았습니다. NCIB 기간은 2025년 9월 3일부터 2026년 9월 2일까지이며, 30일 기준 발행주식의 2%를 초과할 수 없습니다.
회사는 NCIB 실행을 위해 계속해서 National Bank Financial을 중개인으로 유지합니다. 이전 NCIB는 2025년 8월 7일에 만료되었으며, Pivotree는 그 기간 동안 92,800주를 매입했습니다. 회사는 자사 주가가 때때로 회사의 전망을 저평가한다고 보고 있으며, 자사주 매입을 운전자본의 적절한 사용으로 보아 주주 가치 제고에 기여한다고 판단합니다.
Pivotree (TSXV:PVT) a reçu l'approbation de la TSX Venture Exchange pour un nouveau programme normal de rachat d'actions (NCIB) visant à racheter jusqu'à 2 030 724 actions ordinaires, soit 10 % des actions détenues par les actionnaires publics. Le NCIB sera en vigueur du 3 septembre 2025 au 2 septembre 2026, avec une limite de 2 % des actions émises sur toute période de 30 jours.
La société continuera de travailler avec National Bank Financial comme intermédiaire pour le NCIB. Dans le cadre du NCIB précédent, expiré le 7 août 2025, Pivotree a racheté 92 800 actions. La société estime que son cours boursier sous-évalue parfois ses perspectives et considère les rachats d'actions comme une utilisation appropriée du fonds de roulement pour accroître la valeur pour les actionnaires.
Pivotree (TSXV:PVT) hat die Zustimmung der TSX Venture Exchange für ein neues Normal-Kurs-Emittentenrückkaufprogramm (NCIB) erhalten, um bis zu 2.030.724 Stammaktien zurückzukaufen, was 10 % der von öffentlichen Aktionären gehaltenen Aktien entspricht. Das NCIB läuft vom 3. September 2025 bis zum 2. September 2026, mit einer Beschränkung von 2 % der ausgegebenen Aktien innerhalb eines 30-Tage-Zeitraums.
Das Unternehmen wird weiterhin mit National Bank Financial als Broker für das NCIB zusammenarbeiten. Im vorherigen NCIB, das am 7. August 2025 endete, hat Pivotree 92.800 Aktien zurückgekauft. Das Unternehmen ist der Ansicht, dass der Aktienkurs die Aussichten gelegentlich unterbewertet, und betrachtet Rückkäufe als angemessene Verwendung des Betriebskapitals zur Steigerung des Shareholder-Value.
- Authorization to repurchase up to 2,030,724 shares (10% of public float)
- Company demonstrates confidence in its value and future prospects through buyback program
- Flexibility in timing and amount of purchases up to 2% per 30-day period
- Program funded through working capital, indicating strong cash position
- Buyback reduces cash available for operations or growth initiatives
- Previous NCIB only resulted in 92,800 shares purchased, showing limited execution
TORONTO, ONTARIO / ACCESS Newswire / September 2, 2025 / Pivotree Inc. (TSXV:PVT) ("Pivotree" or the "Company"), a leader in frictionless commerce solutions, announced today that it has received TSX Venture Exchange ("TSXV") approval for a normal course issuer bid (the "NCIB") through the facilities of the TSXV permitting the Company to repurchase, for cancellation, up to 2,030,724 common shares of the Company, representing
The NCIB will commence on September 3, 2025 and will terminate on the earlier of (i) the Company purchasing 2,030,724 common shares, (ii) the Company providing notice of termination of the NCIB, and (iii) September 2, 2026. Under the NCIB, the Company may not acquire more than
The Company believes that, from time to time, the market price of its common shares does not adequately reflect the Company's underlying value and future prospects and that, at such times, the purchase of the Company's common shares represents an appropriate use of the Company's financial resources and will enhance shareholder value. The funding for any purchases pursuant to the NCIB will be from the working capital of the Company.
The Company will continue its existing engagement with National Bank Financial Inc. ("National Bank") to act as its broker for the NCIB. The NCIB will be made through the facilities of the TSXV and the purchase and payment for the common shares will be made in accordance with TSXV requirements at the market price of the common shares at the time of acquisition, plus brokerage fees, if any, charged by National Bank. All common shares purchased by the Company under the NCIB will be cancelled.
To the Company's knowledge, none of the directors, senior officers or insiders of the Company, or any associate of such person, or any associate or affiliate of the Company, has any present intention to sell any common shares to the Company during the course of the NCIB. Under the previously approved NCIB, the Company has purchased 92,800 shares from the facilities of the TSXV. A copy of the Form 5G - Notice of Intention to make a Normal Course Issuer Bid filed by the Company with the TSXV can be obtained from the Company upon request without charge.
About Pivotree
Pivotree, a leader in frictionless commerce, strategizes, designs, builds, and manages digital Commerce, Data Management, and Supply Chain solutions for over 150 major retailers and branded manufacturers globally. With a portfolio of digital products as well as managed and professional services, Pivotree provides businesses of all sizes with true end-to-end solutions. Headquartered in Toronto, Canada, with offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized for its partnership with top brands across industries. For more information, visit www.pivotree.com or follow us on LinkedIn.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Mo Ashoor, Chief Financial Officer
investor@pivotree.com
613-714-4702
SOURCE: Pivotree
View the original press release on ACCESS Newswire
FAQ
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