Clairvest Announces New Share Buyback Program

Clairvest ( (TSE:CVG) ) just unveiled an announcement.

Clairvest Group Inc. announced a new normal course issuer bid (NCIB) approved by the Toronto Stock Exchange, allowing the company to purchase up to 718,192 common shares, approximately 5% of its outstanding shares, over the next 12 months. Clairvest has also renewed its automatic share purchase plan (ASPP) to facilitate share purchases during regulatory or internal trading black-out periods. This move reflects Clairvest’s belief in the attractiveness of its shares as an investment and a strategic use of its funds.

More about Clairvest

Clairvest is a private equity management firm founded in 1987 by Canadian entrepreneurs. It manages over CAD $4.6 billion in capital and invests in owner-led businesses through its Clairvest Equity Partners limited partnerships. The firm has a history of strategic investments in 67 platform companies, achieving top quartile performance.

YTD Price Performance: -0.79%

Average Trading Volume: 1,713

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$986.6M

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