Colliers International Group Inc. announced that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid (NCIB). Under the NCIB, Colliers may purchase up to 4,300,000 Subordinate Voting Shares, representing approximately 10% of the public float.
The share repurchase program will commence on May 9, 2025, and conclude no later than May 8, 2026. Purchases can be made through the TSX, alternative Canadian Trading Systems, or The NASDAQ Stock Market, with Nasdaq purchases not exceeding 5% of outstanding shares.
Colliers stated that it may purchase shares if it believes the market price is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of the company. All shares purchased under the NCIB will be cancelled.
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