GDI Gets Green Light From TSX for Normal Course Issuer Bid

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

GDI Gets Green Light From TSX for Normal Course Issuer Bid

, MT Newswires - 8:42 AM ET 3/27/2025 default

08:42 AM EDT, 03/27/2025 (MT Newswires) -- GDI Integrated Facility Services ( GDIFF ) said Thursday that the TSX approved its normal course issuer bid (NCIB) for 450,000 subordinate voting shares, or 3.04% of the amount outstanding.

The company said the NCIB may commence March 31 and expires on March 30, 2026.

"Following recent share price movements, GDI's management and board of directors believe that at certain times the purchase for cancellation of the company's subordinate voting shares falls within its criteria for capital allocation," said Claude Bigras, GDI's president and CEO.

"The NCIB will provide the ability for the company to purchase subordinate voting shares at its discretion and in accordance with TSX rules as part of its mandate to increase shareholder value," Bigras added.

GDI's share price gained 1.3% on Wednesday to $30.75 on the TSX.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.