BeWhere Holdings (TSE:BEW) has released an update.
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BeWhere Holdings Inc. is set to buy back up to 5% of its outstanding common shares within the next year, starting from June 7, 2024, to June 6, 2025, in an effort to correct what its Board of Directors considers a market undervaluation. The repurchase plan, which will see potentially over 4 million shares cancelled, is pending regulatory approval and will be conducted through the TSX Venture Exchange at market prices. Share buybacks are a sign that the company believes its shares are undervalued and represent a good investment of its funds.
For further insights into TSE:BEW stock, check out TipRanks’ Stock Analysis page.