Re: Use of NCIB on low volume pullbacks

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Photis-Peter-Pascali

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Re: Use of NCIB on low volume pullbacks

in response to

Re: Use of NCIB on low volume pullbacks

moi

posted on Mar 24, 2021 05:34PM

Dear Moi,

You are correct.

A NCIB is a Canadian-based stock buyback program, where a listed public company repurchases its shares to cancel them. As such, securities repurchased by the Issuer (the Company) under this NCIB must be cancelled.