Tucows implements $40M stock buyback program

Tucows has approved a stock buyback program to repurchase up to $40M of its common stock in the open market. The new $40M buyback program will commence February 10, 2023 and will terminate on or before February 9, 2024. The previous $40M buyback program which commenced February 11, 2022, has been terminated. Tucows may suspend or discontinue the repurchases at any time. The purchase will be funded from available working capital and existing credit facilities. As of February 8, Tucows had 10,824,963 common shares outstanding.