Urbana Corporation (TSE:URB) has released an update.
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Urbana Corporation has announced the renewal of its normal course issuer bid, approved by the Toronto Stock Exchange, to buy back up to 3.1 million of its non-voting Class A shares, which is 10% of the public float. The program is set to start on September 9, 2024, and aims to benefit remaining shareholders by potentially enhancing the value of their investments. The repurchased shares are intended to be cancelled, and the buyback reflects Urbana’s belief in the attractiveness of its share price.
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