Computer Modelling Group Ltd. Announces Commencement of Previously Announced Substantial Issuer Bid
Computer Modelling Group commenced a modified Dutch auction substantial issuer bid to repurchase up to C$20 million of its common shares for cancellation. The Board stated that the shares are trading at a discount to intrinsic value, citing strong cash flow generation and an undrawn $100 million credit facility as support for the repurchase.
Key figures
- Buyback amount cad
- 20000000
- Undrawn credit facility usd
- 100000000
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