• Mullen Group (MTL) has received approval from the Toronto Stock Exchange to renew its normal course issuer bid
  • The company repurchased 2,011,595 shares for approximately $26.8 million under its current bid, ending on March 9
  • Between March 10, 2023, and March 9, 2024, the company may repurchase up to 8,644,508 for cancellation
  • Joanna Scott, Senior Corporate Officer, sat down with Sabrina Phillips to discuss the bid
  • Mullen Group is one of Canada’s largest logistics providers
  • Mullen Group Ltd. (MTL) opened trading at C$14.73

Mullen Group (MTL) has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB).

Under the current bid expiring on March 9, 2023, Mullen Group was approved to repurchase up to 8,828,623 of its common shares for cancellation. The corporation has already repurchased 2,011,595 shares for approximately $26.8 million at a volume-weighted average price of $13.33 per share.

Under the renewed bid, Mullen Group may repurchase up to 8,644,508 shares between March 10, 2023, and March 9, 2024. All purchased shares will be cancelled.

Daily purchases under the bid will be limited to 74,020 shares.

Joanna Scott, Senior Corporate Officer, sat down with Sabrina Phillips to discuss the bid.

About Mullen Group Ltd.

Mullen Group is one of Canada’s largest logistics providers. Its network of independently operated businesses offers a range of services, including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation.

Mullen Group Ltd. (MTL) opened trading at C$14.73.


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