Ackroo Inc (TSE:AKR) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ackroo Inc., a loyalty and payments services provider, has announced the renewal of its Normal Course Issuer Bid (NCIB), subject to TSX Venture Exchange approval, to repurchase its shares when the market price does not reflect the company’s value and future prospects. The company is authorized to buy back up to 5% of its outstanding shares over a 12-month period, which it believes will benefit the company and its shareholders. All repurchased shares will be cancelled, with purchases made through market transactions, and funded from working capital.
For further insights into TSE:AKR stock, check out TipRanks’ Stock Analysis page.