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Be the first with the news that moves the market- Sabio Holdings (SBIO) has received TSXV approval for a normal course issuer bid (NCIB)
- The company may purchase up to 754,571 shares between March 22, 2023 and March 21, 2024
- Management intends to buy back shares at a discount to the company’s underlying value
- Sabio Holdings is one of the fastest-growing CTV/OTT technology and service providers in the ad-supported video-on-demand and streaming space
- Sabio Holdings (SBIO) is unchanged trading at $0.90 per share
Sabio Holdings (SBIO) has received TSXV approval for a normal course issuer bid (NCIB).
It may purchase up to 754,571 shares between March 22, 2023 and March 21, 2024, representing 5 per cent of outstanding shares as of February 15, 2023.
The company’s board believes recent share prices do not properly reflect the company’s underlying value.
The purchases are expected to benefit current shareholders upon cancellation by increasing their equity interest in the company.
Management will dictate purchases with execution from Beacon Securities.
Purchases will be financed out of working capital.
No insider intends to sell shares under the NCIB.
Sabio Holdings is one of the fastest-growing CTV/OTT technology and service providers in the ad-supported video-on-demand and streaming space.
Sabio Holdings (SBIO) is unchanged trading at $0.90 per share.
