Black Diamond Launches Share Buyback Program

Black Diamond (BDI) (TSE:BDI) has released an update.

Black Diamond Group Limited has announced the renewal of its normal course issuer bid, allowing the company to repurchase up to 10% of its public float in common shares on the Toronto Stock Exchange or alternative trading systems. The buyback program is set to run from May 10, 2024, to potentially May 9, 2025, with the aim of canceling all acquired shares, reflecting management’s belief that the market price occasionally does not represent the shares’ true value. No shares were purchased in the previous bid, and Raymond James Ltd. will act as the broker for the current buyback.

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