Pivotree (TSE:PVT) has released an update.
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Pivotree Inc. has announced the approval of a normal course issuer bid (NCIB) allowing the repurchase and cancellation of up to 1,884,970 of its common shares, deemed by the company as an appropriate use of its financial resources to enhance shareholder value. The buyback program will start on August 14, 2024, and end on the earlier of three conditions including the completion of the share repurchase. Pivotree believes the market price of its shares occasionally does not reflect its intrinsic value and future prospects.
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