Lightspeed approves share repurchase authorization of additional $95M

The Company has completed its existing share repurchase program, authorized in April of 2024. Lightspeed (LSPD) has repurchased and cancelled 9,722,677 shares, representing ~6% of total shares outstanding as at March 22, 2024, for an aggregate consideration of ~$132M. Given the ongoing confidence in Lightspeed’s strategic plan and its strong financial position, Lightspeed’s board has approved the renewal of its normal course issuer bid for the repurchase of an additional 9,013,953 shares representing ~$95M as part of an overall repurchase authorization for up to $400M, including ~$92M repurchased since the beginning of February. The Company will continue to opportunistically assess additional avenues for the return of capital to shareholders in furtherance of this authorization.