- Synex Renewable Energy Corporation (SXI) has announced its intention to launch a normal course issuer bid
- Between May 19, 2022 and May 18, 2023, the company may purchase up to 200,575 of its common shares
- Daily purchases will be limited to 1,000 shares
- Synex is a Canada-based company engaged in the development and operation of renewable energy projects
- Synex Renewable Energy Corporation (SXI) opened trading at C$2.73 per share
Synex Renewable Energy Corporation (SXI) has announced its intention to launch a normal course issuer bid.
During the 12-month period between May 19, 2022 and May 18, 2023, the company may purchase up to 200,575 of its common shares on the TSX or through alternative trading systems.
Daily purchases will be limited to 1,000 shares, other than block purchase exceptions.
Purchases will be made on behalf of the company by a registered broker.
Synex has not repurchased any of its common shares in the past 12 months.
Common shares purchased under the NCIB will be cancelled and the company may elect to suspend or discontinue its NCIB at any time.
Synex believes that the market price of its common shares may not always reflect the inherent value of the company, and that share repurchases represent an appropriate use of funds. Synex believes that it is in the best interest of the company and its shareholders to proceed with the NCIB.
Synex is a Canada-based company engaged in the development and operation of renewable energy projects.
Synex Renewable Energy Corporation (SXI) opened trading at C$2.73 per share.