TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX: XTC) (“Exco” or the “Company”) today announced that the Toronto Stock Exchange (“TSX”) has approved the Company’s normal course issuer bid (“NCIB”). Under the NCIB, Exco has the right to purchase for cancellation, from February 20, 2025 to February 19, 2026, a maximum of […]
Exco Technologies Limited (TSX: XTC) has been approved by the Toronto Stock Exchange (TSX) to initiate a normal course issuer bid (NCIB). The bid allows the company to purchase up to 1,770,513 common shares, representing 10% of its public float as of February 12, 2025. The NCIB period runs from February 20, 2025, to February 19, 2026. Exco may repurchase shares through the TSX or alternative Canadian trading systems, with daily purchases limited to 25% of the average daily trading volume of 4,589 shares. The company may also conduct weekly block purchases. Shares acquired will be canceled. Exco will fund the NCIB using available cash or bank facilities. The board believes share repurchases can enhance shareholder value when market conditions warrant. As of February 12, 2025, Exco had 38,501,112 common shares outstanding.
