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

Dow Jones

Apr 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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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526364653","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526364653","pubTimestamp":1744204800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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 .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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","BMTC":"布林摩尔银行"},"translate_title":"BMTC集团将续订5%公众持股量的回购计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMTC":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  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. \n\n\n  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. \n\n\n  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). \n\n\n  At that closing price, the value of the shares intended for buyback would be worth up to about C$18.9 million. \n\n\n  BMTC can begin buying back shares under the new program starting April 14. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2025 09:20 ET (13:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}