CA - FansUnite gets TSX approval to renew stock buyback plan
2023-06-16 07:27:29 ET
- FansUnite Entertainment ( OTCQB:FUNFF ) said it received approval from the Toronto Stock Exchange (TSX) to renew its stock buyback plan for a 1-year period.
- Under the terms of the renewed normal course issuer bid (NCIB), FansUnite may buy up to ~17.9M common shares, representing 5% of its issued and outstanding shares.
- The buyback will start on June 20 and may extend up to 12 months.
- The company said intends to acquire ~7M shares, representing ~1.96% of the outstanding stock. The actual number of shares purchased under the NCIB and the timing will depend on market conditions and cash available, FansUnite noted.
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FansUnite gets TSX approval to renew stock buyback plan