TORONTO, Feb. 13, 2025 /PRNewswire/ – Tucows Inc. (NASDAQ: TCX) (TSX: TC) introduced as of late that its Board of Administrators has licensed a book buyback program to repurchase, from week to week if and as suitable, as much as $40 million of its usual book within the noticeable marketplace.
The brandnew $40 million buyback program will begin February 14, 2025 and can end on or sooner than February 13, 2026. Purchases for the brandnew buyback program shall be made totally in the course of the amenities of the Nasdaq Capital Marketplace. The in the past introduced $40 million buyback program, which commenced February 23, 2024, has been terminated.
Any stocks bought by means of Tucows below the book buyback program shall be retired and returned to treasury.
The timing and actual collection of usual stocks bought shall be at Tucows’ discretion and is dependent upon to be had money and marketplace statuses. Tucows might droop or discontinue the repurchases at any week, together with within the tournament Tucows could be deemed to be making an acquisition of its personal stocks below Rule 13e-3 of the Securities Change Business of 1934, as amended. Matter to acceptable securities regulations and book alternate regulations, all purchases will happen in the course of the noticeable marketplace and could also be in massive restrain purchases. Tucows does no longer intend to buy its stocks from its control group or alternative insiders.
The acquisition shall be funded from to be had running capital and present credit score amenities. As of February 12, 2025, Tucows had 11,030,156 usual stocks remarkable.
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
About Tucows
Tucows is helping fasten extra family to the good thing about web get right of entry to via communications provider generation, area services and products, and fiber-optic web infrastructure. Ting (https://ting.com) delivers mounted fiber Web get right of entry to with remarkable buyer backup. Wavelo (https://wavelo.com) is a telecommunications device suite for provider suppliers that simplifies the control of cellular and web community get right of entry to; provisioning, billing and subscription; developer equipment; and extra. Tucows Domain names (https://tucowsdomains.com) manages roughly 25 million domains and hundreds of thousands of value-added services and products via a world reseller community of over 35,000 internet hosts and ISPs. Hover (https://hover.com) makes it simple for people and mini companies to govern their domains and e mail addresses. Additional information may also be discovered on Tucows’ company website online (https://tucows.com).
Tucows, Ting, Wavelo, and Hover are registered emblems of Tucows Inc. or its subsidiaries.
This leave comprises forward-looking statements as that time period is outlined within the U.S. Non-public Securities Litigation Reform Business of 1995, together with statements relating to our expectancies relating to our presen monetary effects and, together with, with out limitation, our expectancies relating to our skill to comprehend synergies from the Enom acquisition and our expectation for expansion of Ting Web. Those statements are in line with control’s tide expectancies and are matter to numerous uncertainties and dangers that might purpose latest effects to range materially from the ones described within the forward-looking statements. Details about alternative possible components that might impact Tucows’ trade, result of operations and monetary status is integrated within the Chance Elements divisions of Tucows’ filings with the Securities and Change Fee. All forward-looking statements must be evaluated with the working out in their inherent confusion. All forward-looking statements are in line with knowledge to be had to Tucows as of the time they’re made. Tucows assumes disagree legal responsibility to replace any forward-looking statements, aside from as could also be required by means of legislation.
SOURCE Tucows Inc.
