Andlauer Healthcare Group (TSE:AND) has released an update.
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Andlauer Healthcare Group Inc. has successfully completed its substantial issuer bid, purchasing 2 million shares for cancellation at a total cost of $90 million, representing about 4.8% of its issued and outstanding shares. The buyback has slightly adjusted the ownership percentage of Andlauer Management Group Inc., which is controlled by CEO Michael Andlauer, maintaining approximately 52.7% of the company’s shares. Shareholders who took part in the offer had a portion of their shares bought back, reflecting the company’s commitment to optimizing shareholder value.
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