BMTC Group to Renew Buy Back Program for 5% of Public Float

Dow Jones

04/09

By Adriano Marchese

BMTC Group said it is renewing its one-year share-repurchase program to buy back up to 5% of its issued and outstanding common shares.

The Montreal-based furniture and household-appliances company said Wednesday that it received regulatory approval to buy back up to 1.6 million shares for cancellation.

Shares have been under pressure so far this year, falling about 12% year to date to close Tuesday at 11.69 Canadian dollars ($8.20).

At that closing price, the value of the shares intended for buyback would be worth up to about C$18.9 million.

BMTC can begin buying back shares under the new program starting April 14.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 09, 2025 09:20 ET (13:20 GMT)

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